Publications

Transactions - SEPTEMBER 13, 2019

Recent commercial real estate transactions

by Lisa Yan

Transactions reported this week include the sale of an office property in Boston.

Rockpoint Group has plans to acquire the 1.1 million-square-foot trophy property at 100 Summer St., in Boston, from Blackstone for approximately $805 mil­lion.

Buyer Seller Property name  Location Size Price per size Price (m)
APARTMENTS
Connor Group Not disclosed Anchor Riverwalk Tampa, FL 394 units $312,182.74 $123.00
TruAmerica Multifamily Not disclosed Three-property portfolio Raleigh, NC 830 units $130,963.86 $108.70
Hamilton, Zanze & Co. Klingbeil Capital Management Abbotts Run Washington, DC 238 units $277,310.92 $66.00
Sillman Enterprises Standard Capital Partners The Vinings at Market Common Myrtle Beach, SC 288 units $165,277.78 $47.60
Not disclosed Castle Lanterra Properties Array Austin, TX 370 units $128,378.38 $47.50
Not disclosed Orlo Ashton Heights Suitland, MD 283 units $161,837.46 $45.80
Millburn & Co. ReNUE Properties Serafina Goodyear, AZ 268 units $169,776.12 $45.50
Providence Real Estate Insula Cos. Enclave On East Largo, CA 196 units $150,510.20 $29.50
INDUSTRIAL
Lexington Realty Trust IDI Logistics Three-property portfolio Monroe, OH 2,400,000 sf $75.00 $180.00
PS Business Parks Westcore Properties Hathaway Industrial Park Santa Fe Springs, CA 543,000 sf $191.53 $104.00
GPI Cos. Not disclosed 2031 E. Mariposa Ave. El Segundo, CA 200,000 sf $420.00 $84.00
Not disclosed TA Realty 150 Charles Colton Rd. Taunton, MA 200,000 sf $128.50 $25.70
OFFICE 
Rockpoint Group Blackstone 100 Summer St. Boston, MA 1,100,000 sf $731.82 $805.00
Kennedy Wilson/The Security Benefit Group of Cos. Not disclosed Sunset North Bellevue, WA 464,000 sf $489.22 $227.00
Boston Properties Clarion Partners Waltham Woods Waltham, MA 392,600 sf $269.99 $106.00
City Office REIT Griffin Capital Net Lease REIT Denver Tech Center Denver, CO 192,989 sf $252.35 $48.70
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