Trammell Crow JV Lands $70M for 606k SF, cross-dock Central Valley Asset, Tracy 205 Logistics Center

3/27/2025

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CPE

• Subcategory: Capital Markets: Debt, Industrial: Distribution, Industrial: Logistics

• Tag: Closing | JV-Partnership

• Additional Filters-Subcategory: Capital Markets: Debt-Refinance, Industrial: Cross Dock

• Company: Barings, Trammell Crow Company (TCC), CBRE Investment Management (CBRE IM), CBRE Group (NYSE: CBRE)

The joint venture of Trammell Crow Co. and CBRE Investment Management has obtained a $70.2 million loan to refinance Tracy 205 Logistics Center, a recently delivered industrial building in Tracy, Calif., in San Joaquin County. Barings provided the note in a deal arranged by CBRE.

Previous debt included a $65.4 million construction loan issued by Western Alliance Bank in 2021, according to CommercialEdge information. That note matured in December 2024.

The partners completed Tracy 205 just about two years ago at 1269 E. Grant Line Road. Its location in the Northern Central Valley submarket provides quick access to interstates 5, 205, 580 and Highway 99.