Transactions - JUNE 23, 2017

Recent commercial real estate transactions

by Andrea Waitrovich

Transactions reported this week included the sale of an office in Seattle.

Union Investment acquired the class A Midtown21 office building in Seattle for $330 million. The project developer is a joint venture between U.S. insurance company MetLife Real Estate and Trammell Crow Co.


Buyer Seller Property Name Property Location Size Price per size Price (m)
MG Properties Group Trammell Crow Residential Alexan Melrose Apartments Vista, CA 410 units $326,829.27 $134.00
TH Real Estate Rreef America Laurels at Jacaranda Plantation, FL 468 units $198,717.95 $93.00
Wafra Investment Advisory Group JPMorgan Asset Management Milagro Coral Gables Miami, FL 287 units $272,299.65 $78.15
Grand Peaks Properties Estate Investments Group/Mattoni Group/Fortune Capital Partners Soleste Club Prado Miami, FL 196 units $311,224.49 $61.00
Avanath Capital Management Anton Development Three-property portfolio Sacramento, CA 468 units $120,726.50 $56.50
Valhalla Holdings Sherman Residential Enclave at Wesley Chapel Wesley Chapel, FL 312 units $168,269.23 $52.50
Northland Investment Corp. Marl Taylor Cos. Villas at San Dorado Tucson, AZ 274 units $184,489.05 $50.55
Continental Properties Inland Private Capital Corp. Lost Creek Resorts at Lakewood Ranch Apartments Bradenton, FL 272 units $185,661.76 $50.50
Marlin Spring Realty TM Real Estate Group Cottage Cove Miami Gardens, FL 468 units $106,837.61 $50.00
Graycliff Capital Partners Not disclosed Gateway at Rock Hill Rock Hill, SC 312 units $132,371.79 $41.30
TerraCap Management/Willow Creek Partners Not disclosed Three-property portfolio Greensboro, NC 456 units $78,947.37 $36.00
GEM Realty Capital DiNapoli Capital Partners Hyatt Regency Phoenix Hotel Phoenix, AZ 693 rooms $154,401.15 $107.00
Blackstone Real Estate Income Trust Waterton Hyatt Place San Jose Downtown San Jose, CA 236 rooms $275,423.73 $65.00
Summit Hotel Properties Magna Hospitality Group Courtyard by Marriott Charlotte City Center Charlotte, NC 181 rooms $311,049.72 $56.30
Not disclosed The Hampshire Cos. Six-property portfolio Multi-city 1,200,000 sf $122.38 $146.85
UPS Dermody Properties 1 Ames Dr. Carlisle, PA 595,000 sf $92.44 $55.00
BLT Enterprises Sovereign Real Estate 1650 Sunflower Ave. Costa Mesa, CA 112,000 sf $298.21 $33.40
Lincoln Property Co. Keating Resources Miami International Logistics Center Hialeah, FL 506,000 sf $53.36 $27.00
Union Investment Institutional Property GmbH Trammell Crow Co./MetLife Real Estate Midtown21 Seattle, WA 373,000 sf $885.25 $330.20
Carter Validus Mission Critical REIT Cousins Properties 250 Williams St. Atlanta, GA' 995,728 sf $166.71 $166.00
California State Teachers' Retirement System/CBRE Global Investors Not disclosed 3333 Scott Blvd. Santa Clara, CA 250,000 sf $650.00 $162.50
The Arden Group CIM Group BB&T Center Charlotte, NC 567,835 sf $261.52 $148.50
New York Life Real Estate Investors Walton Street Capital Burbank Empire Center Burbank, CA 350,000 sf $380.00 $133.00
Archon Acquisition TR Camelback Corp. 3131 and 3133 East Camelback Rd. Phoenix, AZ 295,401 sf $276.74 $81.75
Harbor Group International JPMorgan Asset Management Torre Plaza Cupertino, CA 88,580 sf $747.91 $66.25
CDR Glades C. Talanian Realty Co. Peninsula Executive Center Boca Raton, FL 187,784 sf $318.18 $59.75
TerraCap Management Not disclosed Deerfield and Windward Pointe Alpharetta, GA 336,000 sf $139.88 $47.00
Pembroke IV/Ten Capital Management CS Capital Management Valley Creek Corporate Center Exton, PA 259,200 sf $174.77 $45.30
Amstar Lincoln Property Co. 3200 Cherry Creek South Dr. Denver, CO 130,652 sf $283.20 $37.00
Keystone Property Group AmMed Dadeland Towers South Kendall, FL 228,136 sf $157.80 $36.00
HCP Colony NorthStar Scripps Wateridge Corporate Center Sorrento Mesa, CA 124,300 sf $209.98 $26.10
Slate Retail REIT Not disclosed Five-property portfolio Multi-city 654,610 sf $160.40 $105.00
PGIM Real Estate HEP1600 1600 Commons Fort Lauderdale, FL 65,338 sf $753.01 $49.20
RCG Ventures Not disclosed Sparks Crossing Sparks, NV 335,981 sf $119.65 $40.20
Northbridge Investment Management Cohen Commercial Properties Shoppes at Boca Greens Boca Raton, FL 109,228 sf $304.59 $33.27
Klein Enterprises Sterling Organization Market at Opitz Crossing Woodbridge, VA 157,724 sf $185.77 $29.30

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