Transactions: March 2021

March 4, 2021

410 10th Avenue. Image courtesy of SL Green Realty

Property	Asset Type	Location	Buyer	Seller	Notes/Arranged By	Value	Date Announced
410 10th Avenue	Office	Manhattan	The 601W Cos.	SL Green Realty	CBRE represented the seller.	$952.5 Million	18-Dec
Qualtrics Tower	Office	Seattle	Hana Financial Group	Skanska	JPMorgan Chase provided financing.	$704.2 Million	21-Dec
Cambridge Discovery Park Portfolio	Office	Cambridge, Mass.	Healthpeak Properties	The Bulfinch Cos.	–	$610 Million	1-Dec
1918 Eighth Avenue	Office	Seattle	Hudson Pacific Properties, CPP Investments	JPMorgan Asset Management	Wells Fargo provided financing.	$589.2 Million	21-Dec
510 Townsend Street, 505 Brannan Street	Office	San Francisco	Ascendas REIT	Alexandria Real Estate Equities, TMG Partners	–	$560.2 Million	20-Nov
McDonald’s Corporate Headquarters	Office	Chicago	Normandy Properties	Sterling Bay	JLL Capital Markets represented the seller.	$412.5 Million	11-Nov

Property	Asset Type	Location	Type of Financing	Lender	Arranged by	Borrower / Notes	Amount	Date Announced
Nationwide Portfolio (70 Properties)	Industrial & Office	Nationwide	Bridge	JPMorgan Chase	–	Link Logistics	$1.5 Billion	9-Nov
One Madison Avenue	Office	Manhattan	Construction	Wells Fargo, TD Bank, Goldman Sachs, Bank of America, Deutsche Bank, Axos Bank	–	SL Green Realty, National Pension Service of Korea, Hines	$1.3 Billion	16-Nov
Grace Building	Office	Manhattan	CMBS Refinance	Bank of America, JPMorgan Chase, Credit Suisse, Deutsche Bank	–	The Swig Co., Brookfield Properties	$1.3 Billion	24-Nov
One New York Plaza	Office	Manhattan	Bridge	Wells Fargo, Goldman Sachs, BMO Harris Bank	–	Brookfield Properties	$835 Million	14-Dec
Starbucks Center	Office	Seattle	Refinance	Deutsche Bank	–	Nitze-Stagen	$425 Million	10-Dec
Nationwide Portfolio (25 Properties)	Office & Retail	Nationwide	Bridge	PNC Bank	–	Menlo Equities	$400 Million	17-Nov