Barings, one of the world’s largest diversified real estate investment managers, announced today that it has provided financing to support Berkeley Partners’ acquisition of a warehouse campus located at 104th Commerce Park in Commerce City, Colorado.
“Berkeley Partners has been very successfully focusing on the acquisition, repositioning, and development of similar-type assets in select markets across the U.S. and in the Denver metro area,” said Tom Cross, Managing Director for Barings. “This area benefits from its proximity and access to all of Denver via the northern Denver metro highway system, as well as the Denver International Airport. With new supply muted in the region, we believe these buildings are poised for strong new leasing activity at attractive rental rates.”
The property consists of two state-of-the-art warehouse and distribution properties ranging between 273,000 and 298,000 square feet. Each building can be demised for multi-tenant usage or single users. The buildings have clear heights of 32’ and 36’ feet and the site contains 130 dock doors.
Scott Lewis and Christine Dierker of CBRE advised the sponsorship on the financing.
This transaction expands Barings’ 23.5+ billion* real estate debt platform, which leverages the team’s broad direct origination capabilities and deep credit expertise to invest in loans secured by institutional-quality commercial real estate.
About Barings
Barings is a $421+ billion* global asset management firm that partners with institutional, insurance, and intermediary clients, and supports leading businesses with flexible financing solutions. The firm, a subsidiary of MassMutual, seeks to deliver excess returns by leveraging its global scale and capabilities across public and private markets in fixed income, real assets and capital solutions.
*Assets under management as of December 31, 2024
About Berkeley Partners
Berkeley Partners, along with its affiliated entities, is a fully integrated principal investment firm focused exclusively on industrial real estate. Since 2005, its affiliates have sponsored a series of value-add and core-plus investment vehicles dedicated to the light industrial sector. The Firm’s vertically integrated platform includes competencies in asset management, property management, leasing management and construction management. As of September 30, 2024, Berkeley Partners owns and operates approximately 11.3 million square feet of light industrial real estate with $2.5 billion of assets under management across targeted growth and gateway markets within the United States.
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