(Editor’s note: This report is reprinted with permission from CommercialCafe. To read the original report, please click here.)
Looking at the 50 largest office sales to close during 2018 across the country, we found an interesting mix of investors. In addition to the established CRE players, the list of buyers and sellers of top-priced U.S. real estate also features names like Google, Disney, and Samsung.
Two high-profile acquisitions made by the company behind the world’s favorite internet search engine amounted to roughly $3.4 billion and ranked first and third in our top 50. Google’s expansion across the U.S. continues, as the company recently announced plans to invest an additional $13 billion this year in data centers and offices nationwide.
In July 2018, The Walt Disney Company paid upwards of $600 million for the rights to develop a Trinity Church-owned site in Hudson Square, Lower Manhattan. The deal offered 1.2 million buildable square feet for 99 years, and it is where Disney plans to consolidate most of its New York operations, including offices and production spaces.
Check out the full list in the table below and read on for more on the 2018 top 50 U.S. office sales roundup.
Top 50 U.S. Office Deals of 2018
#
Price
Property Name
Location
Buyer
Seller
1
$2,400,000,000
Chelsea Market
New York, NY
Google
Jamestown
2
$1,286,082,681
666 5th Avenue
New York, NY
Brookfield Properties
Kushner Companies
3
$1,000,000,000
Britannia Shoreline Technology Park
Mountain View, CA
Google
HCP
4
$880,000,000
Terminal Stores
New York, NY
Normandy Real Estate Partners + L&L Holding
Waterfront New York + GreenOak Real Estate Advisors
5
$845,000,000
Exchange Place
Boston, MA
Beacon Capital Partners + PRIM + Allianz
UBS Realty Investors
6
$800,000,000
Infomart
Dallas, TX
Equinix
ASB Capital Management
7
$701,000,000
425 Lexington
New York, NY
Vanbarton Group
JP Morgan Asset Management
8
$680,000,000
One and Two Prudential Plaza
Chicago, IL
Sterling Bay
The 601W Companies + Berkely Properties
9
$650,000,000
Trinity Real Estate portfolio
New York, NY
The Walt Disney Company
Trinity Real Estate
10
$640,000,000
5 Bryant Park
New York, NY
Savanna
Blackstone Group
11
$627,841,707
Santa Monica Business Park
Santa Monica, CA
Boston Properties 55% + Canada Pension Plan Investment Board 45%
EQ Office
12
$595,628,931
1745 Broadway
New York, NY
Invesco Real Estate
SL Green Realty + Ivanhoe Cambridge
13
$510,000,000
600 West Chicago
Chicago, IL
Sterling Bay + J.P. Morgan Asset Management
Equity Commonwealth
14
$455,000,000
121 Seaport
Boston, MA
American Realty Advisors + Norges Bank Real Estate Management
Skanska
15
$453,050,000
1700 Broadway
New York, NY
Rockpoint Group
Ruben Companies
16
$450,000,000
Pier 4
Boston, MA
CommonWealth Partners
Tishman Speyer
17
$434,800,000
Metropolitan Park East & West
Seattle, WA
CalSTRS + Beacon Capital Partners
CBRE Global Investors
18
$431,864,832*
10 Hudson Yards
New York, NY
STRS Ohio
Related Companies + Oxford Properties Group
19
$417,600,000
28 State Street
Boston, MA
Heitman
Rockefeller Group + Mitsubishi Estate New York
20
$415,000,000
Washington Harbour
Washington, DC
Global Holdings
Principal Global Investors
21
$405,000,000
Memorial Hermann Medical Plaza
Houston, TX
LaSalle Investment Management
Mischer Investments + Memorial Hermann
22
$385,400,000
The Investment Building
Washington, DC
Ponte Gadea
JP Morgan Asset Management +Â JBG Smith
23
$385,000,000
330 Hudson Street
New York, NY
AEW Capital Management
Callahan Capital Properties + Ivanhoe Cambridge
24
$376,500,000
The Warner Building
Washington, DC
CBRE Global Investors
JBG SMITH
25
$360,250,000
One South Dearborn
Chicago, IL
Starwood Capital Group
Olen Properties
26
$358,940,000
1111 3rd Avenue and Second & Spring
Seattle, WA
Unico Properties
Ivanhoe Cambridge
27
$338,425,000
400 Fairview
Seattle, WA
Pembroke Real Estate
TH Real Estate + Skanska
28
$332,500,000
222 East 41st Street
New York, NY
Commerzbank
Columbia Property Trust
29
$320,082,500
Campus at Playa Vista
Los Angeles, CA
Heitman
Hines Interests
30
$320,000,000
33 South Sixth
Minneapolis, MN
Samsung Electronics America
HNA Group
31
$316,000,000
The Vogue
New York, NY
Vanbarton Group
990 AvAmericas Associates
32
$310,000,000
One South Wacker
Chicago, IL
The 601W Companies
John Hancock Real Estate
33
$310,000,000
7 Hanover Square
New York, NY
GFP Real Estate + Northwind Group
Milstein Properties + Swig Weiler and Arnow Management
34
$305,810,000
175 West Jackson Blvd
Chicago, IL
Brookfield Properties
Extell Development
35
$305,000,000
1180 Avenue of the Americas
New York, NY
Northwood Investors
HNA Group + MHP Real Estate Services
36
$305,000,000
600 LEX
New York, NY
W. R. Berkley
SL Green Realty
37
$292,500,000
301 Howard Street
San Francisco, CA
DivcoWest + CalSTRS
Vanbarton Group
38
$290,900,000*
The Newbry
Boston, MA
Norges Bank Investment Management
Nuveen
39
$290,000,000
123 Mission Street
San Francisco, CA
Northwood Investors
HNA Group
40
$285,600,000*
1801 California
Denver, CO
AFL-CIO Building Investment Trust
Brookfield Properties
41
$283,500,000
CityView Plaza
San Jose, CA
Jay Paul Company
Equus Capital Partners
42
$282,000,000
114 West 41st Street
New York, NY
Clarion Partners
Blackstone Group
43
$276,000,000
451 D Street
Boston, MA
Related Beal
State Street + Meritage Properties + CV Properties
44
$274,046,500
2 Herald Square
New York, NY
SL Green Realty
Sitt Asset Management
45
$269,000,000
Britannia East Grand: Genentech Headquarters – South Campus – Buildings 45-48
South San Francisco, CA
Genentech
HCP
46
$269,000,000
440 Ninth Avenue
New York, NY
Taconic Investment Partners + TH Real Estate
Unizo Holdings
47
$268,388,891
Redmond Town Center Campus
Redmond, WA
Invesco Real Estate
Shorenstein
48
$267,500,000
Three Alliance Center
Atlanta, GA
Florida State Board of Administration
Tishman Speyer
49
$257,000,000
540 West 26th Street
New York, NY
Ramrock Real Estate
Savanna
50
$255,000,000
1221 City Center
Oakland, CA
TMG Partners + KKR
UBS Realty Investors
* Partial stake purchases: The $431,864,832 deal was a 19.81% stake acquisition; the $290,900,000 deal was a 49.9% stake acquisition; the $285,600,000 deal was a 51% stake acqusition.