Transaction Highlights: March 2023 – Commercial Property Executive

[ad_1]

1001 Perimeter Summit. Image courtesy of JLL

Property	Asset Type	Location	Buyer	Seller	Notes/Arranged By	Value	Date Announced
Gatehouse BioHub	Office	Waltham, Mass.	Alexandria Real Estate Equities	AstraZeneca	–	$273 Million	29-Dec.
1001, 2002 and 4004 Perimeter Summit	Office	Atlanta	Spear Street Capital	State Street	JLL represented the seller.	$248 Million	12-Jan.
Cherry Logistics Center	Industrial	Newark, Calif.	BentallGreenOak	MetLife Real Estate Investment	–	$138 Million	23-Dec.
Newark Distribution Center	Industrial	Newark, N.J.	Hines Interests	Turnbridge Equities, Long Wharf Capital	JLL arranged the sale.	$128 Million	29-Dec.
13204-13250 Philadelphia Ave.	Industrial	Fontana, Calif.	BentallGreenOak	MetLife Real Estate Investment	–	$127 Million	22-Dec.
Rockefeller Group Logistics Park	Industrial	Northampton, Pa.	Link Logistics	Rockefeller Group	JLL brokered the transaction.	$91 Million	28-Dec.

Property	Asset Type	Location	Type of Financing	Lender	Arranged By	Borrower / Notes	Amount	Date Announced
Sherwin Williams HQ	Office	Cleveland, Ohio	Construction	CGA Capital	–	Benderson Development Co.	$892 Million	30-Dec.
One Madison Avenue	Office	New York, N.Y.	Construction	Wells Fargo Bank	–	SL Green Realty	$575 Million	22-Dec.
Gulf Landing Logistics Center	Industrial	Fort Myers, Fla.	Construction	Bank OZK	–	Butters Group, BentallGreenOak	$197 Million	22-Dec.
Beaumont Crossroads Logistics Park II – Building 1	Industrial	Beaumont, Calif.	Construction	Texas Citizens Bank	–	USAA Real Estate	$152 Million	13-Jan.
Interstate Crossing Logistics Center	Industrial	Spartanburg, S.C.	Refinance	Mizuho Bank	–	EQT Exeter	$145 Million	29-Dec.
Middlefield Crossing	Office	Mountain View, Calif.	Refinance	Citibank	–	Prometheus Real Estate Group	$84 Million	13-Jan.