(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.
* 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.
Data source: Yardi Matrix