CBRE Snags $250M Loan for Prime Industrial Portfolio

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Becknell Industrial tapped CBRE to arrange $250 million in financing for a 140-property portfolio.
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Indianapolis—Becknell Industrial Operating Partnership LP, a joint venture between a fund managed by UBS Asset Management, Global Real Estate-US and Becknell Industrial, has received a $250 million loan for its Becknell Industrial Portfolio, which contains 140 Class A distribution properties located in core markets across the U.S.

The portfolio includes more than 14 million square feet of space, and the properties are situated around transportation hubs in key distribution corridors, contributing to its appeal as an investment opportunity.

Read the full Commercial Property Executive article here.