Barings announced that it has provided a $70.2 million loan to refinance Tracy 205 Logistics Center, a recently delivered, best-in-class industrial building located in the Northern Central Valley submarket in Northern California.
Tracy 205 Logistics Center was developed by Trammell Crow Company and comprises more than 606,000 square feet, featuring cross-dock design with 40-foot clear heights, ample power, efficient loading and multiple ingress/egress points.
“We are excited to grow our relationship with both CBRE and Trammell Crow with the refinancing of this high-quality industrial property located in the Northern Central Valley,” said Jack Cheng, managing director at Barings. “This investment is highly aligned with Barings’ real estate strategy, which focuses on providing financing for high-quality real estate in markets with strong demand/supply dynamics, backed by experienced sponsorship.”
CBRE San Francisco Debt & Structured Finance team advi
