(12/30/2003)

The Top 50 Office-Property Sales in 2003

    Property   SF-000 Buyer Seller Broker Price  ($Mil.)
1 General Motors Building, New York 1,833 Harry Macklowe Conseco, Trump Eastdil Realty   $1,400.0
2 John Hancock complex, Boston 2,600 Lehman Brothers, Beacon Capital John Hancock Morgan Stanley 910.0
3 11 Madison Avenue, New York 2,163 David Werner, Timur Sapir Metropolitan Life Eastdil, Lehman 675.0
4 Aon Center, Chicago 2,700 Wells Real Estate Blackstone Group Secured Capital 465.5
5 237 Park Avenue, New York 1,200 Max Capital, Geno Vermogens Oak Hill Strategic Partners Eastdil Realty 455.0
6 875 Third Avenue, New York 719 Global Holdings Boston Properties Eastdil Realty 370.1
7 Bank One Corp. Center, Chicago (70% stake) 1,530 US Treuhand Prime Group Merrill Lynch 300.0
8 1745 Broadway, New York 649 Jamestown Bertelsmann (None) 297.0
9 Two Park Avenue, New York 960 SEB Immobilien-Investment Vornado Realty Trust CB Richard Ellis 292.0
10 425 Lexington Avenue, New York (90% stake) 676 Hines Sumisay Fund Sumitomo Life Realty (None) 290.2
11 Leo Burnett Building, Chicago (94.5% stake) 1,100 Wells Real Estate HypoVereinsbank Jones Lang LaSalle 288.2
12 Arco Plaza, Los Angeles 2,493 Thomas Prop., CalSTRS, Kings Shuwa CBRE, Eastdil 270.0
13 685 Third Avenue, New York 651 Pfizer California State Teachers (None) 250.0
14 Hughes Center, Las Vegas 1,100 Crescent Real Estate Equities Rouse Co. (None) 233.0
15 One California Plaza, Los Angeles 937 Maguire Properties Metropolitan Life Secured Capital 225.0
16 60 Broad Street, New York 1,000 Wells Real Estate Cogswell Realty, Lend Lease (None) 213.0
17 News Building, New York (75% stake) 1,100 SL Green Witkoff, DRA Insignia/ESG 212.0
18 1201&1225 Eye Street NW, Washington 492 Wells Real Estate Beacon Capital Partners Morgan Stanley 205.0
19 Chelsea Market, New York (75% stake) 1,100 Jamestown Angelo Gordon, Belvedere, ATC Eastdil Realty 202.4
20 L'Enfant Plaza, Washington 885 JBG Cos. Sarakreek Holliday Fenoglio Fowler 200.0
21 First Hawaiian Center, Honolulu 645 BancWest Corp. Dana Commercial Credit (None) 194.0
22 Harborside Plaza 10, Jersey City, N.J. 578 iStar Financial Mack-Cali, Columbia Devel. Greenwich Group 194.0
23 EAB Plaza, Uniondale, N.Y. 1,100 David Werner, C&K Properties ABN Amro, DeMatteis Jones Lang LaSalle 190.2
24 10 Universal City Plaza, Los Angeles 774 Beacon Capital, CarrAmerica Vivendi Universal Citigroup 190.0
25 Wells Fargo Tower, Los Angeles (58% stake) 1,300 RBS Greenwich Capital Mitsui Life, Gibson Dunn, Maguire Colliers International 185.6
26 Washington Harbour, Washington 537 Broadway Partners Shorenstein Co. Holliday Fenoglio Fowler 185.0
27 1801 K Street NW, Washington 562 Starwood Capital Teachers Insurance Eastdil Realty 182.0
28 222 East 41st Street, New York 371 UN Pension Fund Tishman Speyer CB Richard Ellis 176.5
29 Parklawn Building, Rockville, Md. 1,400 Cammeby's International Laszlo Tauber estate (None) 175.0
30 1901 Market Street, Philadelphia 761 Wells Real Estate Prudential Insurance Eastdil Realty 174.0
31 US Bancorp Center, Minneapolis 930 Wells Real Estate Equity Office Properties (None) 174.0
32 Pleasanton Corp. Commons, Pleasanton, Calif. 596 UBS Realty Advisors Hines Secured Capital 172.0
33 660 Madison Avenue, New York 254 Gabriel Brener Brickman, Rockwood Capital Eastdil Realty 160.0
34 1334 York Avenue, New York (90% stake) 493 Sachsenfonds RFR Realty (None) 157.5
35 1625 Eye Street NW, Washington 376 Brookfield Properties Union Labor Life (None) 157.5
36 Bethesda Metro, N. Bethesda, Md. (90% stake) 365 Meridian, GMAC Institutional Blackstone Group Cassidy, Hodges Ward 155.0
37 Edison Place, Washington 349 Wachovia Pepco Holdings Cassidy & Pinkard 151.0
38 Metro Park Office Center, Woodbridge, N.J. 757 Rockwood Capital, Ivy Equities TA Associates Cushman & Wakefield 147.5
39 Pinnacle at Burbank, Burbank, Calif. 395 DB Real Estate Investment M. David Paul Secured Capital 146.0
40 2020 K Street NW, Washington (95% stake) 398 RREEF Funds Quadrangle Development Eastdil Realty 145.0
41 Worldcom headquarters, Arlington, Va. 491 Commercial Net Lease Realty Worldcom NAI 142.8
42 225 West Wacker Drive, Chicago (96% stake) 644 J.P. Morgan Chase Hines, Calpers (None) 142.6
43 Bridgewater Crossing, Bridgewater, N.J. 595 Peabody Global Real Estate Hines Insignia/ESG 139.5
44 Phillips Point, West Palm Beach, Fla. 423 Winter Organization, Heller Hart Advisors Rockwood Realty 138.0
45 Symphony Towers, San Diego 570 Irvine Co. Alecta Pension Insurance Secured Capital 135.0
46 Mission Towers 2, Santa Clara, Calif. 282 PMC-Sierra Tishman, Travelers, Whitehall Colliers, Cornish 134.8
47 Congress Center, Chicago 525 Triple Net Properties Oaktree Capital Management CB Richard Ellis 134.1
48 4111 Northside Drive, Atlanta 785 Jamestown Oakwood Commerce Partners (None) 131.0
49 500 12th St. NW, Washington (95% stake) 440 Prudential Real Estate Inv. J.E. Robert Cos. (None) 130.0
50 1&2 Freedom Sq., Reston, Va. (62.5% stake) 836 Boston Properties Terrabrook Properties Eastdil Realty 127.8

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