(12/31/2008)

The Top 50 Office-Property Sales in 2008

 

Property

SF-000

Buyer

Seller

Broker

Price
($Mil.)

1

General Motors Building, New York

1,925

Boston Prop., Goldman, Meraas

Macklowe Properties, Fortress

CB Richard Ellis

$2,800.0

2

Credit Lyonnais Building, New York

1,765

Paramount Group

Deutsche, Macklowe, Fortress

Eastdil Secured

1,460.0

3

Chrysler Building, New York (90% stake)

1,200

Abu Dhabi Investment

TMW Real Estate

(None)

800.0

4

650 Madison Avenue, New York

602

Ashkenazy Acquisitions, Carlyle

Hiro North American Properties

J.P. Morgan Chase

695.0

5

Renaissance Center, Detroit

5,500

General Motors

(bank partnership)

(None)

626.0

6

UBS Tower, Chicago

1,374

Hines

RREEF

Eastdil Secured

540.0

7

120 Park Avenue, New York

643

Global Holdings

Altria Group

CB Richard Ellis

525.0

8

125 West 55th Street, New York

591

Boston Prop., Goldman, Meraas

Macklowe Properties, Fortress

CB Richard Ellis

444.0

9

Acacia Building, Washington (99% stake)

459

Dweck Management

JBG Cos.

Holliday Fenoglio Fowler

376.4

10

AT&T Tower, Atlanta

1,807

Carl Icahn

AT&T

Jones Lang LaSalle

345.0

11

Galleria Towers, Dallas

1,400

Cannon Commercial

Fortis Property

Jones Lang LaSalle

311.0

12

1250 Broadway, New York

769

Murray Hill Properties

SL Green, SITQ Immobilier

Cushman & Wakefield

310.0

13

1372 Broadway, New York

568

Lloyd Goldman

Wachovia, SL Green

Eastdil Secured

294.0

14

AT&T Lindbergh City Center, Atlanta

955

Wells Real Estate

AT&T

CB Richard Ellis

285.0

15

U.S. Bancorp Twr., Portland, Ore. (85% stake)

1,099

LaSalle, Broadreach, Unico

J.P. Morgan, Unico

Eastdil Secured

283.0

16

444 South Flower Street, Los Angeles

891

Hines

Broadway Partners

Eastdil Secured

280.0

17

AT&T Lenox Park Campus, Atlanta

1,078

Wells Real Estate

AT&T

Staubach Co.

275.3

18

Williams Tower, Houston

1,545

Hines

Govt. of Kuwait

Cushman & Wakefield

271.5

19

Miami Center, Miami

782

Sumitomo Real Estate

Morgan Stanley, J.P. Morgan

Eastdil Secured

253.0

20

RadioShack headquarters, Fort Worth, Texas

876

Tarrant County College District

KanAm Grund

Jones Lang LaSalle

238.0

21

527 Madison Avenue, New York

192

Mitsui Fudosan America

Macklowe Properties, Fortress

Eastdil Secured

225.0

22

Riata Corporate Park, Austin, Texas

1,095

Spear Street Capital

NYSTRS, Blackstone, J.P. Morgan

Holliday Fenoglio Fowler

219.0

23

Main Plaza, Irvine, Calif.

607

Shorenstein Properties

Maguire Properties

Eastdil Secured

211.2

24

730 Broadway, New York

335

New York University

Guardian Life Insurance

Holliday Fenoglio Fowler

210.0

25

185 Franklin Street, Boston

600

Kennedy Assoc., Commonwealth

Verizon

CB Richard Ellis

192.0

26

135 South LaSalle, Chicago

1,100

Amtrust Realty

Bank of America

Jones Lang LaSalle

187.5

27

Argonaut, New York

162

GVA Williams Real Estate

Hearst Corp.

CB Richard Ellis

182.6

28

Wachovia Fin. Center, Miami (50% stake)

1,142

(undisclosed)

Blackstone, Macquarie Group

(None)

182.5

29

Executive Building, Washington

328

Invesco Real Estate

Lincoln Property

Holliday Fenoglio Fowler

181.2

30

One Westin Center, Washington

294

Washington REIT

Broadway Partners

Eastdil Secured

180.0

31

Parkside Towers, Foster City, Calif.

400

Harvest Properties, Invesco

Hines, Sterling

Eastdil Secured

179.8

32

Ygnacio Center, Walnut Creek, Calif.

499

Foster Enterprises

Fidelity Investments

Eastdil Secured

174.3

33

Portales Corp. Center 1&2, Scottsdale, Ariz.

451

Principal Global

PCCP

(None)

172.7

34

2099 Pennsylvania Avenue NW, Washington

207

Vico Capital

Wealth Capital Management

Jones Lang LaSalle

172.5

35

Pacific Center 1-3, San Diego

528

Qualcomm

RREEF, Diversified Properties

Eastdil Secured

172.2

36

Colonnade 1-3, Addison, Texas

984

GE Capital, CB Richard Ellis Inv.

J.P. Morgan, Blackstone Group

Holliday Fenoglio Fowler

170.5

37

50 Milk Street, Boston

274

Ponte Gadea

TA Associates, James Campbell

Eastdil Secured

170.4

38

United Building, Chicago (50% stake)

960

Ohio State Teachers

Prime Realty Group

Holliday Fenoglio Fowler

170.0

39

Parkway North Center, Deerfield, Ill.

773

John Buck Co.

Blackstone, J.P. Morgan

Cushman & Wakefield

168.0

40

200 State Street, Boston

302

GLL Real Estate Partners

Broadway Partners

Cushman & Wakefield

163.0

41

Milk Studios, New York

319

Stellar Management, Rockpoint

Angelo Gordon

Eastdil Secured

161.0

42

DiamondView Tower, San Diego

305

Wereldhave

Cisterra, Prudential Real Estate

Eastdil Secured

161.0

43

440 Ninth Avenue, New York

398

Sherwood Equities, Paramount

SL Green

Cushman & Wakefield

160.0

44

Tower 56, New York

172

Transwestern Investment

Macklowe Properties, Fortress

Eastdil Secured

158.0

45

180 Madison Avenue, New York

260

Clarett, Prudential Real Estate

Sitt Asset Management

Eastdil Secured

158.0

46

World Trade Center, Denver

770

LaSalle Investment Management

Transwestern Inv., Broadreach

Cushman & Wakefield

157.8

47

470 Park Avenue South, New York

260

TIAA-CREF

SL Green

CB Richard Ellis

157.0

48

Crown Center, Kansas City, Mo.

596

Hines

Hallmark Cards

CB Richard Ellis

155.8

49

901 E Street NW, Washington

250

Pew Consulting

UBS Realty Advisors

(None)

155.0

50

350 Lexington Avenue, New York

307

Sherwood Equities, J.P. Morgan

Broad Street, Crow Holdings

Cushman & Wakefield

155.0


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