100 Summer Street BOSTON—Boston took up 3 positions in the country’s top 50 commercial real estate sales deals of 2019, according to a report from CommercialCafe, a nationwide commercial real estate listings platform and a part of Yardi Systems.
The biggest deal of the year in Boston was the acquisition of 100 Summer Street, which landed in 6th place in the top 50, and also took 4th spot in the regional top 10 list. The 1 million-square-foot building was bought by Rockpoint from EQ Office for $806 million – roughly $779 per square foot.
Sales of offices in CBD locations have the largest share within the Northeast top 10, with roughly 7.4 million square feet contributing 73% of the total square footage, according to the report.
Overall, California, New York and and Washington dominate the top 50. The biggest deal of the year was Google’s $1 billion acquisition of Yahoo’s former headquarters in Sunnyvale, Calif.
Here is the list of top 50 deals as provided by CommercialCafe :
Top 50 Office Deals of 2019
1 $1,000,000,000 Yahoo! Sunnyvale Complex – Building A /B /C /D /E /F /G Sunnyvale, CA Google Yahoo!
2 $937,000,000 The Coca-Cola Company Building New York, NY SHVO Wafra Capital Partners
3 $909,267,500 The Coca-Cola Company Building New York, NY Wafra Capital Partners The Coca-Cola Company
4 $875,000,000 330 Madison Avenue New York, NY Munich Re Abu Dhabi Investment Authority
5 $826,000,000 Levi’s Portfolio San Francisco, CA Jamestown Gerson Bakar & Associates
6 $806,000,000 100 Summer Street Boston, MA Rockpoint Group EQ Office & Blackstone
7 $800,000,000 195 Broadway New York, NY L&L Holding JP Morgan Asset Management
8 $756,000,000 The Summit I, II Bellevue, WA KKR Hines Interests
9 $740,000,000 Amazon Houdini South, North Seattle, WA Ponte Gadea Urban Renaissance Group
10 $635,000,000 75 State Street Boston, MA DivcoWest Brookfield Properties
11 $630,000,000 Wilshire Courtyard East, West Los Angeles, CA Onni Group Tishman Speyer
12 $627,000,000 JPMorgan Chase Tower & Center Houston, TX Cerberus Capital Management & Hines Interests Hariri Interests
13 $602,680,000 650 Townsend Street San Francisco, CA Beacon Capital Partners Zynga
14 $591,800,000 Milk Building, The New York, NY Google Jamestown
15 $585,022,103 Bravern Office Commons – Bravern 1, 2 Bellevue, WA Invesco Real Estate Principal Global Investors
16 $584,200,000 Pioneer Natural Resources Headquarters Irving, TX PRP Real Estate Investment Management KDC
17 $565,754,370 One Dag Hammarskjold Plaza New York, NY Rockpoint Group Ruben Companies
18 $540,350,000 800 Fifth Avenue Seattle, WA EQ Office Hines Interests
19 $525,000,000 La Jolla Commons – Tower I, II San Diego, CA American Assets Trust Hines Interests & JP Morgan Asset Management
20 $503,000,000 Terminus 100, 200 Atlanta, GA Cousins Properties JP Morgan Asset Management
21 $494,346,918 Center 21 Portfolio Oakland, CA Starwood Property Trust CIM Group
22 $483,740,000 Market Center Portfolio San Francisco, CA Paramount Group EQ Office
23 $482,000,000 One Marina Park Drive Boston, MA Clarion Partners The Fallon Company
24 $467,500,000 Newport Corporate Center Portfolio Bellevue, WA Preylock Real Estate Holdings Ivanhoe Cambridge
25 $457,950,000 F5 Tower Seattle, WA KKR Daniels Real Estate
26 $451,600,000 1735 Market Street Philadelphia, PA The Arden Group & Silverstein Properties Equity Commonwealth
27 $436,000,000 Bank of America Tower Charlotte, NC Highwoods Properties Lincoln Harris
28 $436,000,000 5600 Fishers Lane Rockville, MD Boyd Watterson Asset Management JBG SMITH
29 $429,000,000 HQ@First – 110, 120, 130 Holger Way San Jose, CA Mori Trust Lane Partners
30 $422,000,000 850 Third Avenue New York, NY The Chetrit Group MHP Real Estate Services
31 $414,970,000 Arbor Blocks 300 & West Seattle, WA Ponte Gadea Vulcan Real Estate
32 $414,500,000 Bank of America Tower Houston, TX Beacon Capital Partners Skanska
33 $412,320,531 Bridgedale Plaza Long Island City, NY Innovo Property Group Westbrook Partners
34 $412,000,000 500 West Monroe Street Chicago, IL Spear Street Capital Piedmont Office Realty Trust
35 $397,000,000 123 Mission Street San Francisco, CA JUUL Labs Northwood Investors
36 $379,283,536 521 Fifth Avenue New York, NY Savanna SL Green Realty
37 $365,230,991 589 Fifth Avenue New York, NY GLL Real Estate Partners Western Management
38 $344,500,000 345 Park Avenue South New York, NY Deerfield RFR Realty
39 $342,500,000 550 Terry Francois San Francisco, CA Gap Hines Interests
40 $340,274,000 MBS Media Campus Manhattan Beach, CA Hackman Capital Partners The Carlyle Group
41 $335,500,000 215 Fremont Street San Francisco, CA Clarion Partners & LPC West Jack Resnick & Sons
42 $332,500,000 Alewife Research Center Cambridge, MA Healthpeak Properties The Davis Companies & Invesco Real Estate
43 $330,000,000 600 California Street San Francisco, CA WeWork MEPT
44 $321,498,500 Lantana Media Campus – West & Center Buildings Santa Monica, CA Skydance Media Brightstone Capital Partners
45 $313,600,000 Wells Fargo Center Minneapolis, MN Starwood Property Trust Hines Interests & Blackstone
46 $310,300,888 540 Madison Avenue New York, NY DivcoWest Boston Properties
47 $304,489,775 901 Fifth Seattle, WA Vanbarton Group Schnitzer West
48 $299,000,000 Illumina Worldwide Headquarters San Diego, CA LaSalle Investment Management Alexandria Real Estate Equities
49 $291,000,000 3825, 3875 Fabian Way Palo Alto, CA Alexandria Real Estate Equities Maxar Technologies
50 $290,000,000 Cupertino City Center I, II Cupertino, CA Apple American Realty Advisors
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