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California  + Bay Area  + Finance  | 

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.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Financing
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