Newmark Brokers $932M Acquisition Loan For Office Portfolio In San Carlos, Plainfield, Renton, Phoenix, And Atlanta | 2 Circle Star Way, 1501 North Division Street, 500 Naches Avenue Southwest, 25500/25600 Norterra Parkway, & 2500 Windy Ridge Parkway | J.P. Morgan Chase & Company, Bank of Montreal (BOM) | Dustin Stolly, Jordan (Jordy) Roeschlaub | Office | Loan

Summary

Loan

CALIFORNIA

Office

8,000,000 sqft

Summary of transaction details

Property Type: Office
Transaction Amount: $932,000,000
Address: 2 Circle Star Way, 1501 North Division St., 500 Naches Ave. SW, 25500/25600 Norterra Pkwy., & 2500 Windy Ridge Pkwy.
Market: San Carlos, CA, Plainfield, IL, Renton, WA, Phoenix, AZ, Atlanta, GA
Lender: JP Morgan - Jamie Dimon; Bank of Montreal - Darryl White
Landlord: GIC - Lim Chow Kiat; Workspace Property Trust - Tom Rizk
Brokers: Jordan Roeschlaub & Dustin Stolly - Newmark

Players

All
5

Agents
2
Agencies
1
Lenders
2

Dustin Stolly

Co-President, Debt & Structured Finance

$5.1B Sold

Jordan (Jordy) Roeschlaub

Co-President, Debt & Structured Finance

$4.8B Sold

Newmark

J.P. Morgan Chase & Company

Bank of Montreal (BOM)

Details

Deal Summary

FINANCED

IMAGE: Jordan Roeschlaub, Dustin Stolly, Lim Chow Kiat, Tom Rizk, Jamie Dimon & Darryl White DATE: 08/26/2022 ADDRESS: 2 Circle Star Way, 1501 North Division St., 500 Naches Ave. SW, 25500/25600 Norterra Pkwy., & 2500 Windy Ridge Pkwy. MARKET: San Carlos, CA, Plainfield, IL, Renton, WA, Phoenix, AZ, Atlanta, GA ASSET TYPE: Office ~ SF: 8,000,000 LENDER: JP Morgan - Jamie Dimon (@JamieDimon_1); Bank of Montreal - Darryl White LANDLORD: GIC - Lim Chow Kiat; Workspace Property Trust - Tom Rizk BROKERS: Jordan Roeschlaub (@JordyRoeschlaub) & Dustin Stolly - Newmark (@Newmark) LOAN AMOUNT: $932,000,000 LOAN TYPE: Acquisition

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Address2 Circle Star Way, 1501 North Division Street, 500 Naches Avenue Southwest, 25500/25600 Norterra Parkway, & 2500 Windy Ridge Parkway

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