Office
33 Arch Street
Boston, MA - Placement of a $195 million fixed rate permanent loan on a new, 600,000 square foot trophy multi-tenant office building
This noteworthy and highly successful transaction involved the placement of a $195 million fixed rate permanent loan on a newly - completed, 600,000 square foot trophy multi-tenant office building in the heart of the Boston CBD.
Lincoln Square
Washington, DC - Savills assisted LRCO in the sale of this 420,000 square foot trophy office building located in Washington DC's East End office submarket
This award-winning building was constructed on an assemblage that included nine separate buildings with historic façades which were dismantled, stored and subsequently incorporated into the new building's façade.
3 Post Office Sq, 24 Federal St & 70 Franklin St
Boston, MA - Arrangement of a fixed rate, first mortgage financing totalling $32.2 million
Savills arranged a fixed rate, first mortgage financing totalling $32.2 million on three separate Class B office buildings located in the Financial District of downtown Boston.
Prime Group Realty Trust
Chicago, Illinois - $889 million acquisition of Prime Group Realty Trust on behalf of The Lightstone Group
PGRT's portfolio consisted of 15 office buildings totaling 7.6 million square feet, all but one of which was located either in downtown or suburban Chicago. Included in the portfolio were the 1.4 million square foot, Mies van der Rohe-designed IBM Tower, the 1.5 million square foot BancOne Tower and the 945,000 square foot 77 West Wacker Drive.
130 Prince Street
New York, NY - Arrangment of a joint venture capital partner for the acquisition of this prime office and retail property
Located at the intersection of Prince and Wooster Streets, the building consists of 77,500 square feet, with the upper floors 100% leased to two investment grade office tenants at the highest rent levels in the market, and the ground floor retail space leased to a variety of upscale local, national and international retailers.
Queens Atrium Corporate Center
Long Island City, NY - Sale of this 1 million square foot Class B office building
Savills represented Oaktree Capital Management, LLC in the sale of this 1 million square foot Class B office building located just across the East River from Manhattan in Long Island City, New York.
218 West 40th Street
New York, NY - Placement of a $32 million fixed rate, 10 year first mortgage loan to finance the acquisition of a 157,000 square foot "B" quality office building
Representing a partnership of Block Buildings and Kaufman Organization, Savills arranged a $32 million fixed rate, 10 year first mortgage loan to finance the acquisition of a 157,000 square foot "B" quality office building in a midblock location in the Manhattan Garment District, located across from the site of the new headquarters building of the New York Times.
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11 West 19th Street Portfolio
New York - Arrangement of a $62.5 Million in first mortgage financing for the client's acquisition of 11 West 19th Street
Savills represented Block Buildings in arranging $62.5 Million in first mortgage financing for the client's acquisition of 11 West 19th Street, a 256,000 square foot "Class B" office building in the Union Square/Flatiron district of New York.
BP Tower
Cleveland, Ohio
Savills marketed and sold this 1.3 million square foot trophy office building for Equity Office Properties Trust. The buyer was an offshore investment fund and the purchase price was $141,250,000
Enron World Headquarters
Houston, TX
Savills sold the 1.1 million TX square foot former Enron world headquarters on behalf of a group of Enron creditors. In a widely publicized transaction, Savills sold the 100% vacant trophy property to an Italian - led venture.
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600 Madison Avenue
New York, NY
Savills represented the Lawrence Ruben Company in arranging a leasehold mortgage financing on this 328,00 square foot building at the corner of Madison Avenue and 58th Street in Manhattan.
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United Plaza
Philadelphia, PA
Savills represented Oaktree Capital Management LLC in the sale of this 620,000 square foot Class A office building in Center City Philadelphia
Penn Mutual Towers
Philadelphia, PA
Savills represented Lincoln Property Company and Whitehall Funds in the sale of this 870,00 square foot office building and 585 space garage in Center City Philadelphia. Savills simultaneously obtained first mortgage proposals for acquisition financing which acted as a boon to pricing.
International Plaza
Philadelphia, PA
Savills represented Koll Bren Schreiber Real Estate Advisors in the sale of this 500,000 square foot office complex adjacent to the Philadelphia airport.
Metropolitan Plaza
Highland Hills, OH
Savills represented a private partnership in the sale of this 200,000 square foot class A office building in suburban Cleveland. The buyer was Duke Realty Trust.