Barings provides $86.2 million acquisition loan for Charleston logistics portfolio
MCI•Barings provides acquisition financing
Barings Corporate Investors provided a $86.2 million loan to Obelisk Real Estate Partners for an acquisition financing.
The proceeds support the purchase of a three-building logistics portfolio in the Charleston, South Carolina market.
The portfolio totals about 817,000 square feet in Hanahan, SC. Occupancy stands at 62%, with plans for improvements and lease-up.
