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Cofe Properties purchased the Charleston Infill Portfolio for $48.25 million. Combined, the two warehouse portfolio totals 307,492 square feet. Nuveen provided a 5-year fixed-rate, full-term interest only loan of $28.95 million. CBRE arranged the loan for the acquisition. The team was made up of Brian Linnihan, Mike Ryan, Richard Henry, and JP Cordeiro with CBRE Capital Markets’ Debt & Structured Finance.

The portfolio comprises two, Class A front-load industrial facilities that are 100% leased:

• 4275 Arco Lane is a 60,640-square foot facility built in 1995. The property is leased to seven tenants, including Carrier Enterprises and Perfect 10 Distribution.
• 4750-4760 Goer Drive is a 246,852 square foot facility built in 1979. The property is leased to 11 tenants, including the College of Charleston and Beers Millwork 

Situated in the North Charleston submarket within I-526, the facilities provide direct access to I-26, US 52, and the Charleston International Airport.

The post Cofe Properties Pays $48.25M for Two Charleston Warehouses appeared first on Connect CRE.

​  Cofe Properties purchased the Charleston Infill Portfolio for $48.25 million. Combined, the two warehouse portfolio totals 307,492 square feet. Nuveen provided a 5-year fixed-rate, full-term interest only loan of $28.95 million. CBRE arranged the loan for the acquisition. The team was made up of Brian Linnihan, Mike Ryan, Richard Henry, and JP Cordeiro with CBRE Capital Markets’ Debt & …
The post Cofe Properties Pays $48.25M for Two Charleston Warehouses appeared first on Connect CRE. Read MoreAtlanta & Southeast Commercial Real Estate News