Transaction Highlights: October 2021
September 30, 2021
A coast-to-coast roundup of noteworthy office and industrial deals.
SALES
Property | Asset Type | Location | Buyer | Seller | Notes/Arranged By | Value | Date Announced |
Industrial/Office Portfolio (29 Properties) | Industrial, Office | Nationwide | Mapletree US Management | Sila Realty Trust | – | $1.3 Billion | 22-July |
The BEAT | Office | Boston | Beacon Capital Partners | Alcion Ventures | – | $363 Million | 19-August |
1111 Broadway | Office | Oakland, Calif. | Swift Real Estate Partners | Ellis Partners | – | $325 Million | 16-August |
725 Ponce | Office | Atlanta | Cousins | New City Properties | The buyer provided a self-financed acquisition loan. | $300 Million | 2-August |
520 Almanor | Office | Sunnyvale, Calif. | GI Partners | Lane Partners | Eastdil Secured represented the seller. | $254 Million | 20-July |
One South at The Plaza | Office | Charlotte, N.C. | Tourmaline Capital Partners | Cousins | CBRE represented the seller. | $272 Million | 29-July |
FINANCING
Property | Asset Type | Location | Type of Financing | Lender | Arranged By | Borrower / Notes | Amount | Date Announced |
One SoHo Square | Office | Manhattan | Refinance | Goldman Sachs | – | Stellar Management | $785 Million | 29-July |
Terminal Stores | Office | Manhattan | Refinance | Blackstone Group | – | Columbia Property Trust | $731 Million | 21-August |
1301 Avenue of the Americas | Office | Manhattan | Refinance | Wells Fargo, Morgan Stanley | Eastdil Secured arranged the financing. | Paramount Group | $860 Million | 20-August |
DC Office Portfolio (12 Properties) | Office | Washington, D.C. | Acquisition | JPMorgan Chase | – | Brookfield Properties | $443 Million | 26-July |
The National | Office | Dallas | Refinance | Starwood Capital Group | – | Todd Interests | $245 Million | 9-August |
1450 Broadway | Office | Manhattan | CMBS | Bank of Montreal | Newmark arranged the financing. | The Zar Group | $215 Million | 25-August |
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