1001 Perimeter Summit. Image courtesy of JLL
SALES
PropertyAsset TypeLocationBuyerSellerNotes/Arranged ByValueDate AnnouncedGatehouse BioHubOfficeWaltham, Mass.Alexandria Real Estate EquitiesAstraZeneca –$273 Million29-Dec.1001, 2002 and 4004 Perimeter SummitOfficeAtlantaSpear Street CapitalState StreetJLL represented the seller.$248 Million12-Jan.Cherry Logistics CenterIndustrialNewark, Calif.BentallGreenOakMetLife Real Estate Investment –$138 Million23-Dec.Newark Distribution CenterIndustrialNewark, N.J.Hines InterestsTurnbridge Equities, Long Wharf CapitalJLL arranged the sale.$128 Million29-Dec.13204-13250 Philadelphia Ave.IndustrialFontana, Calif.BentallGreenOakMetLife Real Estate Investment –$127 Million22-Dec.Rockefeller Group Logistics ParkIndustrialNorthampton, Pa.Link LogisticsRockefeller GroupJLL brokered the transaction.$91 Million28-Dec.
FINANCING
PropertyAsset TypeLocationType of FinancingLenderArranged ByBorrower / NotesAmountDate AnnouncedSherwin Williams HQOfficeCleveland, OhioConstructionCGA Capital –Benderson Development Co.$892 Million30-Dec.One Madison AvenueOfficeNew York, N.Y.ConstructionWells Fargo Bank –SL Green Realty$575 Million22-Dec.Gulf Landing Logistics CenterIndustrialFort Myers, Fla.ConstructionBank OZK –Butters Group, BentallGreenOak$197 Million22-Dec.Beaumont Crossroads Logistics Park II – Building 1IndustrialBeaumont, Calif.ConstructionTexas Citizens Bank –USAA Real Estate$152 Million13-Jan.Interstate Crossing Logistics Center IndustrialSpartanburg, S.C.RefinanceMizuho Bank –EQT Exeter$145 Million29-Dec.Middlefield CrossingOfficeMountain View, Calif.RefinanceCitibank –Prometheus Real Estate Group$84 Million13-Jan.
To have your transaction featured, submit details to Agota Felhazi at agota.felhazi@yardi.com.
Read the March 2023 issue of CPE.
The post Transaction Highlights: March 2023 appeared first on Commercial Property Executive.
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