Obelisk Real Estate Partners Secures $86.2M Loan From Barings For Industrial Portfolio In Hanahan SC

The transaction involved an industrial portfolio consisting of three buildings with a total of 817,000 square feet located in Hanahan, South Carolina. The asset, situated near the Port of Charleston and key transportation infrastructure, is currently 62% leased, presenting a value-add opportunity for the buyer to enhance the properties and increase occupancy.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $86,200,000
• Lender: Ryan Naumes - Barings
• Brokers: Peter Rotchford, Christopher Peck & Nicholas Thorton - JLL
• Loan Type: Acquisition

Obelisk Real Estate Partners was the recipient of the acquisition loan provided by Barings, enabling them to acquire this industrial portfolio. The deal was facilitated by notable brokers from JLL, namely Peter Rotchford, Christopher Peck, and Nicholas Thorton.