Recent commercial real estate transactions
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.