Recent commercial real estate transactions
Below is a sampling of recent property transactions. The largest transaction was an industrial portfolio acquisition.
DRA Advisors completed its purchase of a 19.8 million-square-foot portfolio of warehouse and distribution properties across 21 states from Cabot Properties for $1.07 billion. The 184 properties range in size from about 925,000 square feet to less than 15,000 square feet, and the portfolio is 94 percent leased to more than 500 tenants.
Another significant transaction was the purchase by data center service provider CyrusOne of two data centers from private equity–backed Sentinel Data Centers. The properties are located in Raleigh-Durham, N.C., and Somerset, N.J.
The largest office transaction was the sale by Piedmont Office Realty Trust of Two Independence Square in Washington, D.C., to an undisclosed buyer for approximately $359 million. The 600,000-square-foot, nine-story, office building 100 percent leased to the National Aero