Transactions: September 2021
September 1, 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 |
Indeed Tower | Office | Austin, Texas | Kilroy Realty | Trammell Crow | Eastdil Secured and Allen Matkins represented the buyer. | $580 Million | 24-June |
Safeco Plaza | Office | Seattle | Boston Properties | Vestas Investment Management | $465 Million | 27-July | |
Symantec Headquarters | Office | Mountain View, Calif. | TMG Partners | NortonLifeLock | Cushman & Wakefield secured acquisition financing. | $358 Million | 15-July |
1K Fulton | Office | Chicago | The RMR Group | American Realty Advisors | $355 Million | 28-June | |
641 Avenue of the Americas | Office | New York | Spear Street Capital | SL Green Realty | $325 Million | 17-June | |
950 & 1000 West Maude Avenue | Office | Sunnyvale, Calif. | DWS | $323 Million | 1-July |
FINANCING
Property | Asset Type | Location | Type of Financing | Lender | Arranged By | Borrower / Notes | Amount | Date Announced |
One Vanderbilt | Office | Manhattan | Refinance | Wells Fargo, Goldman Sachs, Bank of America and others | SL Green Realty | $3 Billion | 2-June | |
Industrial Portfolio (112 Properties) | Industrial | Nationwide | Refinance | Citibank, Goldman Sachs, Barclays, Bank of Montreal | Link Logistics | $1.6 Billion | 9-June | |
390 Madison Avenue | Office | Manhattan | Refinance | New York State Common Retirement Fund | Clarion Partners | $600 Million | 17-June | |
Medical Office Portfolio (27 Properties) | Medical Office | Nationwide | Refinance | Capital One | Remedy Medical Properties | $510 Million | 2-July | |
111 Wall Street | Office | Manhattan | Refinance | Allianz | Wafra Capital Partners | $500 Million | 23-June | |
Aspen Lake Three | Office | Austin, Texas | Acquisition | Jackson National Life Insurance Co. | Apollo Global Management | $375 Million | 17-June |
To have your transaction featured, submit details to Jeffrey.Hamann@cpe-mhn.com.
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