Washington DC + DC Metro + Industrial | July 19, 2022

Cushman & Wakefield has advised Ares Management Real Estate fund in procuring $367.8 million for financing an industrial portfolio with six assets in MD.

CushWake Arranges $368M Financing for Logistics Portfolio with Six MD Assets

Cushman & Wakefield has served as the exclusive advisor to an Ares Management Real Estate fund in the procurement of $367.8 million for the financing of a 23-building industrial portfolio with six assets in MD.

The MD properties are located in Capitol Heights, Glen Burnie, Landover (two), Lanham and Odenton. The remaining properties are located in New Jersey and Pennsylvania.

John Alascio, Alex Hernandez, Alex Lapidus, Chuck Kohaut, TJ Sullivan and Jason Blankfein of Cushman & Wakefield represented the borrower in the transaction. J.P. Morgan acted as administrative agent on the loan.

The East Coast Logistics Portfolio portfolio totals 3,034,863 square feet. It is 100% leased to 41 tenants in spaces ranging in size from 7,238 square feet to 478,715 square feet.

“We believe the East Coast Logistics Portfolio is well-situated to capitalize on the industrial sector’s rapid expansion within the Mid-Atlantic region with stable market rents and low vacancy rates,” said Alascio.

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Cushman & Wakefield's Alascio

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.

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