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Transactions - FEBRUARY 17, 2017

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Recent commercial real estate transactions

by Andrea Waitrovich

Below are this week’s transactions. The largest transactions involved office properties.

Cousins Properties purchased the outside interests in Cousins Properties Office Fund II, a consolidated joint venture with the Teacher Retirement System of Texas, which owned an approximate 30 percent interest. Cousins Properties paid the retirement system $279.1 million for its interest and repaid the outstanding mortgage loans secured by the Hayden Ferry buildings in the aggregate amount of $108.3 million.

NGKF Capital Markets completed the sale of The Davenport in Cambridge, Mass., to Oxford Property Group and Alony Hetz Properties & Investments Ltd.

 

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