Transactions: September 2020

September 2, 2020

220 E. 42nd St. Image via Google Street View

Property	Asset Type	Location	Buyer	Seller	Notes/Arranged By	Value	Date Announced
1375 Broadway	Office	Manhattan	Savanna	Westbrook Partners	Cushman & Wakefield arranged the sale and negotiated the financing.	$435 Million	10-Jul
1901 Market St.	Office	Philadelphia	Blue Cross Blue Shield	Piedmont Office Realty Trust	CBRE represented the seller in the transaction.	$360 Million	30-Jun
Capital Gallery	Office	Washington, D.C.	The Smithsonian Institution	Boston Properties	Newmark Knight Frank represented the buyer.	$352 Million	25-Jun
225 W. Wacker Drive	Office	Chicago	Spear Street Capital	Mirae Asset Financial Group	Cushman & Wakefield represented the seller in the transaction.	$210 Million	15-Jun
50 Veronica Ave.	Industrial	Somerset, N.J.	BentallGreenOak	Crow Holdings	Cushman & Wakefield represented the seller in the transaction.	$164 Million	17-Jun
123 Townsend St.	Office	San Francisco	CBRE Global Investors	Manchester Capital Management	–	$135 Million	10-Jul

Property	Asset Type	Location	Type of Financing	Lender	Arranged by	Borrower / Notes	Amount	Date Announced
Mission Bay 3 & 4	Office	San Francisco	Refinancing & Construction	J.P. Morgan Chase	–	Golden State Warriors	$639 Million	15-Jul
Google Hudson Square – 550 Washington St.	Office	Manhattan	Construction	Wells Fargo Bank	CBRE	Oxford Properties Group	$604.2 Million	28-May
220 E. 42nd St.	Office	Manhattan	Refinancing	Aareal Bank, Citybank and Credit Agricole Corporate & Investment Bank	–	SL Green Realty	$510 Million	23-Jun
655 New York Ave.	Office	Washington, D.C.	Refinancing	Credit Agricole Corporate & Investment Bank, Standard Chartered, Helaba and BayernLB	–	Douglas Development	$400 Million	7-May
498 Seventh Ave.	Office	Manhattan	Refinancing	MetLife Inc.	–	SITQ Immobilier	$465 Million	10-Mar
1375 Broadway	Office	Manhattan	Acquisition	Deutsche Bank	Cushman & Wakefield	Savanna	$388.5 Million	10-Jul