$56M Refi for Baltimore Washington Logistics Center
Baltimore Washington Logistics Center, a two-building, Class A industrial complex totaling 1,013,728 square feet in Jessup, MD, received $56.325 million in refinancing. HFF worked on behalf of the borrower, a JV between AEW Capital Management, L.P. and Columbia-based Manekin, LLC, to secure the loan through Citizens Bank.
The facility is located at 7600 and 7540 Assateague Dr., in the heart of the Baltimore-Washington Corridor. This location delivers access to U.S. Route 1, U.S. Interstate 95 and the Baltimore Washington Parkway (Route 295), and is near BWI Thurgood Marshall Airport and the Port of Baltimore.
7600 Assateague Dr. (pictured) is a vacant warehouse/distribution building totaling 853,503 square feet, while 7540 Assateague Dr. is a 160,255-square-foot, refrigerated warehouse/distribution building that is fully leased to G Cefalu & Bro, a Mid-Atlantic food service distributor of produce and seafood.
HFF’s debt placement team representing the borrower included Daniel McIntyre, Fred Wittmann and Greg LaBine.
For comments, questions or concerns, please contact Dennis Kaiser