Cushman & Wakefield has arranged $72 million in acquisition financing on behalf of Camber Real Estate Partners for an institutional-quality industrial portfolio located in the Baltimore MSA.
The floating-rate financing was provided by PCCP and supports Camber’s acquisition of a seven-building industrial portfolio totaling approximately 745,270 square feet located across infill submarkets in the greater Baltimore-Washington corridor. A Cushman & Wakefield Equity, Debt & Structured Finance team of John Alascio, TJ Sullivan and Mitch Rothstein arranged the financing on behalf of Camber and an institutional partner.
The portfolio is 100% leased to a diverse, creditworthy tenant roster and benefits from proximity to major transportation infrastructure, including I-95 and the Port of Baltimore. “This financing reflects continued lender appetite for infill industrial assets located in supply-constrained markets with strong in-place cash flow and embedded future rental growth,” said Alascio, Vice Chair at Cushman & Wakefield.
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