Transactions: May 2021

A coast-to-coast selection of recent noteworthy investment and finance deals.

Uptown Station in Oakland, Calif. Image courtesy of CIM Group

READ THE DIGEST

SALES

PropertyAsset TypeLocationBuyerSellerNotes/Arranged ByValueDate Announced
The CrescentOfficeDallasCrescent Real EstateJ.P. Morgan Asset Management$700 Million23-March
Uptown StationOfficeOakland, Calif.Mapletree US ManagementCIM GroupNewmark represented the seller.$420 Million4-March
2 MiamiCentral & 3 MiamiCentralOfficeMiamiEQ OfficeShorenstein Properties$230 Million19-March
8011 Villa Park DriveOffice, Data CenterHenrico, Va.Mapletree US ManagementLongships Capital Partners$207.8 Million12-March
930 West Evergreen Ave.IndustrialChicagoPrologisGreenfield Partners$99.8 Million15-March
5037 Patata StreetIndustrialSouth Gate, Calif.Overton Moore PropertiesArmstrong World Industries$76.7 Million10-March

FINANCING

PropertyAsset TypeLocationType of FinancingLenderArranged byBorrower / NotesAmountDate Announced
Prime Healthcare PortfolioOffice, Health Care, RetailNationwideRefinanceUMB BankPrime Healthcare Services$700 Million19-Feb.
One Park AvenueOfficeManhattanCMBS RefinanceDeutsche Bank, BarclaysCBRE arranged the financing.Vornado Realty Trust, Canada Pension Plan Investment Board$525 Million1-March
575 Lexington Ave.OfficeManhattanRefinanceAareal Bank, Paramount Group, Oaktree Capital ManagementCushman & Wakefield arranged the financing.Angelo Gordon & Co., Normandy Real Estate Partners, George Comfort & Sons$415 Million22-March
125 West End Ave.OfficeManhattanConstructionApollo Global Management, Oaktree Capital ManagementJLL Capital Markets arranged the financing.Taconic Investment Partners$393 Million17-March
Nationwide Portfolio (17 Properties)Industrial, OfficeNationwideRefinanceWells FargoExeter Property Group$305.5 Million23-Feb.
Nationwide Portfolio (14 Properties)Industrial, OfficeNationwideRefinanceWells FargoNorthBridge Partners$235.6 Million24-Feb.

To have your transaction featured, submit details to [email protected].

Read the May 2021 issue of CPE.