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CBRE Arranges Refi on Tracy Industrial for Trammell Crow
CBRE secured $70.2 million in financing for Tracy 205 Logistics Center on behalf of Trammell Crow Company (TCC). The firm’s Mike Walker and Brad Zampa on the Debt and Structured Financing team in San Francisco secured the five-year loan from Barings. Adam Voelker and Will Parker of TCC in Northern California led the effort on behalf of the ownership. Jack Cheng, managing director with Barings, represented the lender.
“The talented institutional sponsorship and the property’s strategic location were instrumental in securing attractive financing for Tracy Logistics Center,” said Walker. “The Central Valley is one of California’s prominent industrial markets given its proximity to the Bay Area and Sacramento. New industrial facilities like Tracy Logistics Center are well-positioned to attract investors and occupiers to the market due to high barriers to entry and limited availability.
Located at 1269 E. Grant Line Rd., Tracy 205 Logistics Center is a 606,343-square-foot Class A distribution center across 29.3 acres developed by TCC.
- ◦Financing
