Transaction Highlights: October 2022 – Commercial Property Executive

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The Foundry I and II. Image courtesy of Tishman Speyer

Property	Asset Type	Location	Buyer	Seller	Notes/Arranged By	Value	Date Announced
Rancho Vista Corporate Center	Office	San Diego	Apple	Swift Real Estate Partners	–	$445 Million	26-Jul
The Webb @ LBJ	Office	Dallas	Evoque Data Center Solutions	Digital Realty	–	$205 Million	16-Aug
Legacy Union – 650 South Tryon	Office	Charlotte, N.C.	Highwoods Properties	Lincoln Harris, Goldman Sachs Asset Management	The buyer closed the deal on 08/17.	$201 Million	10-May
The Foundry I&II	Office	Austin, Texas	Beacon Capital Partners	Tishman Speyer	Cushman & Wakefield represented the seller in the transaction.	$200 Million	11-Aug
Elliot 202	Industrial	Mesa, Ariz.	California State Teachers’ Retirement System	Marwest Enterprises	–	$187 Million	15-Aug
1245 Beech Road	Industrial	New Albany, Ohio	Preylock Real Estate Holdings	VanTrust Real Estate	–	$157 Million	26-Jul

Property	Asset Type	Location	Type of Financing	Lender	Arranged By	Borrower / Notes	Amount	Date Announced
Vantage Ashburn Data Center Campus VA 11	Industrial	Dulles, Va.	Refinance	Wilmington Trust	–	Vantage Data Centers	$499 Million	2-Aug
23-30 Borden Ave.	Industrial	Long Island City, N.Y.	Construction	Starwood Capital Group, JPMorgan Chase	Eastdil Secured	Innovo Property Group, Atalaya Capital Management, Nan Fung Group	$435 Million	25-Jul
California Portfolio	Industrial	National	Refinance	New York Life Insurance Company	–	AXA Real Estate, Dermody Properties	$355 Milion	27-Jul
1601 Broadway	Office	New York, N.Y.	Refinance	Argent Ventures	–	Vornado Realty Trust	$320 Million	26-Jul
Waikiki Galleria Tower	Office	Honolulu	Acquisition	Maruito Group USA	–	BlackSand Capital	$185 Million	30-Jul
James R. Thompson Center	Office	Chicago	Acquisition	Google	–	The Prime Group	$156 Million	28-Jul