A coast-to-coast roundup of noteworthy office and industrial deals.
SALES
| Property | Asset Type | Location | Buyer | Seller | Notes/Arranged By | Value | Date Announced |
| Biogen – Building 8 | Office | Cambridge, Mass. | Boston Properties | Biogen | – | $603 Million | 16-Sep |
| 601 Massachusetts Ave. NW | Office | Washington, D.C. | Mori Trust | Boston Properties | – | $531 Million | 30-Aug |
| The Lipstick Building | Office | New York, N.Y. | Memorial Sloan Kettering Cancer Center | SL Green Realty | – | $458 Million | 6-Sep |
| 7000 Shoreline Court | Office | South San Francisco, Calif. | GI Partners | Alexandria Real Estate Equities | – | $170 Million | 16-Sep |
| 458-486 E. Lambert Road | Industrial | Fullerton, Calif. | GCP | BlackRock | – | $156 Million | 8-Sep |
| 3 MetroTech Center | Office | Brooklyn, N.Y. | New York University | JP Morgan Asset Management | – | $122 Million | 14-Sep |
FINANCING
| Property | Asset Type | Location | Type of Financing | Lender | Arranged By | Borrower / Notes | Amount | Date Announced |
| Five Times Square | Office | New York, N.Y. | Refinance | Morgan Stanley, Apollo, AIG | – | RXR Realty, SL Green | $1.3 Billion | 8-Sep |
| State Street Financial Center | Office | Boston | Refinance | MSD Capital | – | Fortis Property Group | $763 Million | 15-Sep |
| Gateway 303 – Building A & B | Industrial | Goodyear, Ariz. | Construction | Truist Bank | – | MDH Partners | $650 Million | 23-Aug |
| 75 Rockefeller Plaza | Office | New York, N.Y. | Refinance | Bank of America, Carlyle | Newmark | RXR Realty | $260 Million | 31-Aug |
| Boynton Gateway | Office | Boston | Construction | Brookfield Asset Management | JLL Capital Markets | CV Properties, Cannon Hill Capital Partners, L&B Realty Advisors | $222 Million | 14-Sep |
| 1237 West Division | Industrial | Chicago | Construction | Wells Fargo Bank, Inland Bank and Trust, Associated Bank | – | Logistics Property Co. | $150 Million | 22-Aug |
To have your transaction featured, submit details to Agota Felhazi at [email protected].
Read the November 2022 issue of CPE.
