Transactions: March 2021

A selection of noteworthy deals announced between November 1, 2020 to January 15, 2021.
410 10th Avenue. Image courtesy of SL Green Realty
410 10th Ave. Image courtesy of SL Green Realty

READ THE DIGEST

SALES

Property Asset Type Location Buyer Seller Notes/Arranged By Value Date Announced
410 10th Avenue Office Manhattan The 601W Cos. SL Green Realty CBRE represented the seller. $952.5 Million 18-Dec
Qualtrics Tower Office Seattle Hana Financial Group Skanska JPMorgan Chase provided financing. $704.2 Million 21-Dec
Cambridge Discovery Park Portfolio Office Cambridge, Mass. Healthpeak Properties The Bulfinch Cos. $610 Million 1-Dec
1918 Eighth Avenue Office Seattle Hudson Pacific Properties, CPP Investments JPMorgan Asset Management Wells Fargo provided financing. $589.2 Million 21-Dec
510 Townsend Street, 505 Brannan Street Office San Francisco Ascendas REIT Alexandria Real Estate Equities, TMG Partners $560.2 Million 20-Nov
McDonald’s Corporate Headquarters Office Chicago Normandy Properties Sterling Bay JLL Capital Markets represented the seller. $412.5 Million 11-Nov

FINANCING

Property Asset Type Location Type of Financing Lender Arranged by Borrower / Notes Amount Date Announced
Nationwide Portfolio (70 Properties) Industrial & Office Nationwide Bridge JPMorgan Chase Link Logistics $1.5 Billion 9-Nov
One Madison Avenue Office Manhattan Construction Wells Fargo, TD Bank, Goldman Sachs, Bank of America, Deutsche Bank, Axos Bank SL Green Realty, National Pension Service of Korea, Hines $1.3 Billion 16-Nov
Grace Building Office Manhattan CMBS Refinance Bank of America, JPMorgan Chase, Credit Suisse, Deutsche Bank The Swig Co., Brookfield Properties $1.3 Billion 24-Nov
One New York Plaza Office Manhattan Bridge Wells Fargo, Goldman Sachs, BMO Harris Bank Brookfield Properties $835 Million 14-Dec
Starbucks Center Office Seattle Refinance Deutsche Bank Nitze-Stagen $425 Million 10-Dec
Nationwide Portfolio (25 Properties) Office & Retail Nationwide Bridge PNC Bank Menlo Equities $400 Million 17-Nov

To have your transaction featured, submit details to Jeffrey.Hamann@cpe-mhn.com.

Read the March 2021 issue of CPE.