By Eva Richardson | March 26, 2025 | The Logistic News
Global investment manager Barings has announced the successful refinancing of Tracy 205 Logistics Center, a newly delivered Class-A industrial facility in Northern California, with a $70.2 million loan. The deal reinforces the firm’s strategic focus on high-demand logistics markets and strengthens its partnership with CBRE and developer Trammell Crow Company.
Located in the Northern Central Valley submarket, the 606,000-square-foot property boasts a cross-dock configuration, 40-foot clear heights, and multiple access points, catering to the needs of modern logistics tenants seeking efficiency and scalability.
“This investment aligns with Barings’ strategy to finance high-quality real estate in supply-constrained markets,” said Jack Cheng, Managing Director at Barings. “We’re proud to support this premier industrial asset.”
The financing was secured with the assistance of CBRE San Francisco’s Debt & Structured Finance team, led by Mike Walker and Brad Zampa.
“The facility’s strategic location between the Bay Area and Sacramento and its strong institutional sponsorship were key factors in achieving favorable financing terms,” noted Walker.
With industrial demand continuing to outpace supply in California, particularly in regions with limited land availability, assets like Tracy 205 are poised to attract robust tenant interest and investor capital.
Barings, a subsidiary of MassMutual, manages more than $421 billion in assets globally and remains focused on identifying value opportunities across real estate, fixed income, and capital markets.
