With 10 seasoned brokerage professionals, Newmark’s Team Shannon is reportedly the most active institutional investment sales group on the West Coast. Covering 16 markets and having sold more than $55.8 billion since 2010, the Kevin Shannon-led team has mastered the art of finding the lowest cost of capital for their clients, without sacrificing the certainty of execution.
Notable deals include:
1918 8th St., Seattle–Seller: JP Morgan; Buyer: Hudson Pacific Capital; Price: $625,000,000.
Alexandria Life Science, Seattle–Seller: Alexandria Real Estate Equities; Buyer: Clarion Partners; Price $450,000,000.
The Grand II at Papago Park Center (DoorDash), Tempe, AZ –Seller: Goldman Sachs; Buyer: Apex Capital Partners; Price: $187,500,000.
915 Wilshire Blvd, Los Angeles–Seller: Lincoln/Rockwood; Buyer: Deka; Price: $196,000,000.
Miller/Coors Brewery, Irwindale, CA –Seller: Molson Coors Beverage Company; Buyer: Pabst Brewing Company; Price: $150,000,000.
Boeing Long Beach Phase II, Long Beach, CA –Seller: Boeing; Buyer: SRG Properties; Price: $146,000,000.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism.
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