Recent commercial real estate transactions
Below is a sampling of recent property transactions tracked by Real Capital Analytics. The largest transaction was an office in Chicago.
KBS REIT II sold the 1.3 million-square-foot office tower at 300 North LaSalle in Chicago for $850 million, or $652 per square foot. The new owner was Irvine Co. HFF represented the seller.
The property is 100 percent occupied. Tenants include Kirkland & Ellis, Quaries & Brady, GTCR, Chicago Cut Steakhouse, Boston Consulting Group. KBS REIT II acquired the 60-story asset in July 2010 for $651.6 million. It was developed in 2009 by Hines.
| Buyer | Seller | Type | Units | Location | Price (m) | Price/units |
| AVR Realty | Greystar Management | Apartment | 376 units | Fort Lauderdale, FL | $78.80 | $209,574.47 |
| Bell Partners | Hanover Co. | Apartment | 240 units | Stoughton, MA | $54.13 | $225,520.83 |
| AEW Capital Management | Worthing Cos. | Apartment | 290 units | Durham, NC | $53.30 | $183,793.10 |
| TA Realty | JP Morgan Asset Management | Apartment | 300 units | Chandler, AZ | $39.20 | $130,666.67 |
| TA Realty | JP Morgan Asset Management | Apartment | 264 units | Phoenix, AZ | $36.25 | $137,310.61 |
| Reliant Group | Kewen Zhang | Apartment | 72 ujnits | Happy Valley, OR | $13.50 | $187,500.00 |
| Preston family | Catherine Dupuy | Apartment | 13 units | New York, NY | $13.50 | $1,038,461.54 |
| Loews Hotels | Graves Hospitality Corp. | Hotel | 255 rooms | Minneapolis, MN | $65.00 | $254,901.96 |
| Buccini-Pollin Group | Fairwood Capital | Hotel | 317 rooms | Knoxville, TN | $25.00 | $78,864.35 |
| QTS Realty Trust | McGraw-Hill | Industrial | 560,000 sf | Hightstown, NJ | $75.00 | $133.93 |
| Broadstone Net Lease | Cohen Financial | Industrial | 170,000 sf | Elgin, IL | $23.00 | $135.29 |
| Irvine Co. | KBS REIT II | Office | 1,302,901 sf | Chicago, IL | $850.00 | $652.39 |
| Clarion Partners | ASB Real Estate Investments/Lincoln Property Co. | Office | 301,600 sf | Los Angeles, CA | $132.56 | $439.52 |
| Hines/Oaktree Capital Management | Duke Realty Corp. | Office | 404,889 sf | Cincinnati, OH | $69.20 | $170.91 |
| RREEF Property Trust | Realm Real Estate/Bascom Group | Office | 75,000 sf | Anaheim, CA | $18.50 | $246.67 |
| Acadia Realty Trust | Diamond Properties | Retail | 120,179 sf | Bedford Hills, NY | $46.75 | $389.00 |
| Bernstein Management Corp. | Rock Creek Properties | Retail | 52,080 sf | Sterling, VA | $18.20 | $349.46 |
| Thor Equities | Greene Street Realty Corp. | Retail | 6,000 sf | New York, NY | $15.93 | $2,655.00 |
| Janoura Realty | Shoppes on 18 Street | Retail | 73,000 sf | Boca Raton, FL | $12.25 |
$167.81 |
