A venture of Boyd Watterson Asset Management and Swiss investment manager Union Bancaire Privee has paid $436 million, or nearly $340/sf, for the Parklawn Building, a 1.3 million-square-foot office building in the Washington, D.C., suburb of Rockville, Md. To fund ...
95 percent leased.
The property has been renamed Axis at Shady Grove.
89 percent occupied. The CMBS trust, Morgan Stanley Capital I Inc., 2006-IQ12, had taken the property by foreclosing against what had been a $55.5 million mortgage that became delinquent when it matured in November 2016. The loan was transferred to ...
79 percent leased. Peel funded the purchase with a $33.25 million loan from JPMorgan Chase Bank. The 10-year loan has been securitized through JPMorgan Chase Commercial Mortgage Securities Trust, 2017-JP5, and pays a 4.775 percent coupon. It requires only interest ...
The investment vehicle, managed by The Blackstone Group, funded the purchase of the office/laboratory complex with a loan from Goldman Sachs Group Inc. The buyer's identity and size of loan could not immediately be learned. The property had been part ...
95 percent leased. The buyer used a $50.1 million Freddie Mac loan with a 10-year term from Capital One Multifamily Finance to help fund the acquisition.
The properties are: 5601 Fishers Lane, a 491,000-sf building that's fully leased to the National Institute of Allergy and Infectious Diseases, and 9609 Medical Center Drive, a 588,891-sf building that's leased to the National Cancer Institute.
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© 2023 Commercial Real Estate Direct All rights reserved..