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7/01/16
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Michael Riccio, Susan Larkin, and Anna Pfau of CBRE’s Capital Markets’ Debt & Structured Finance team have arranged a $250 mil loan for the Becknell Industrial Portfolio.
The competitively priced, floating rate loan was arranged on behalf of Becknell Industrial Operating Partnership, L.P, a joint venture partnership formed between a fund managed by UBS Asset Management, Global Real Estate-US and Becknell Industrial.
The Becknell Industrial Portfolio includes over 140 Class A distribution properties, totaling over 14 msf. The properties are located in core markets across the U.S. and are around transportation hubs in key distribution corridors, contributing to its excellence as an investment opportunity.
The portfolio boasts an exceptional 97% occupancy rate and is leased by many investment grade tenants on long term leases along with strong local and regional tenants.
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