Transactions: September 2020

A selection of noteworthy deals announced between and March 10 and July 15.
220 E. 42nd St. Image via Google Street View
220 E. 42nd St. Image via Google Street View

READ THE DIGEST

SALES

Property Asset Type Location Buyer Seller Notes/Arranged By Value Date Announced
1375 Broadway Office Manhattan Savanna Westbrook Partners Cushman & Wakefield arranged the sale and negotiated the financing. $435 Million 10-Jul
1901 Market St. Office Philadelphia Blue Cross Blue Shield Piedmont Office Realty Trust CBRE represented the seller in the transaction. $360 Million 30-Jun
Capital Gallery Office Washington, D.C. The Smithsonian Institution Boston Properties Newmark Knight Frank represented the buyer. $352 Million 25-Jun
225 W. Wacker Drive Office Chicago Spear Street Capital Mirae Asset Financial Group Cushman & Wakefield represented the seller in the transaction. $210 Million 15-Jun
50 Veronica Ave. Industrial Somerset, N.J. BentallGreenOak Crow Holdings Cushman & Wakefield represented the seller in the transaction. $164 Million 17-Jun
123 Townsend St. Office San Francisco CBRE Global Investors Manchester Capital Management $135 Million 10-Jul

FINANCING

Property Asset Type Location Type of Financing Lender Arranged by Borrower / Notes Amount Date Announced
Mission Bay 3 & 4 Office San Francisco Refinancing & Construction J.P. Morgan Chase Golden State Warriors $639 Million 15-Jul
Google Hudson Square – 550 Washington St. Office Manhattan Construction Wells Fargo Bank CBRE Oxford Properties Group $604.2 Million 28-May
220 E. 42nd St. Office Manhattan Refinancing Aareal Bank, Citybank and Credit Agricole Corporate & Investment Bank SL Green Realty $510 Million 23-Jun
655 New York Ave. Office Washington, D.C. Refinancing Credit Agricole Corporate & Investment Bank, Standard Chartered, Helaba and BayernLB Douglas Development $400 Million 7-May
498 Seventh Ave. Office Manhattan Refinancing MetLife Inc. SITQ Immobilier $465 Million 10-Mar
1375 Broadway Office Manhattan Acquisition Deutsche Bank Cushman & Wakefield Savanna $388.5 Million 10-Jul

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

Read the September 2020 issue of CPE.