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| Tradepoint Atlantic Industrial Site One |
WASHINGTON, DC, Jan. 2, 2019 – Holliday
Fenoglio Fowler, L.P. (HFF) announces the $135 million financing for two new,
build-to-suit, Class A industrial buildings fully leased to Under Armour and
Amazon.com and totaling 2.2 million square feet within the Tradepoint Atlantic
multimodal industrial project in the Baltimore-area community of Sparrows
Point, Maryland.
The HFF team worked on behalf of the borrower, Tradepoint
Atlantic, to place two separate, non-recourse loans with Allianz Real Estate,
including the $71.8 million, 18-year, fixed-rate loan for the Under Armour
facility and the $63.2 million, 17-year, fixed-rate loan for the Amazon facility.
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| Tradepoint Atlantic Industrial Site Two |
The Tradepoint Atlantic site covers 3,250 acres on the
Sparrows Point peninsula along the Patapsco River at the gateway to the Port of
Baltimore approximately five miles southeast of Baltimore’s Central Business
District.
The location provides immediate access to major interstate
and regional road networks via Interstate 695, which bifurcates the site and
encircles the city of Baltimore and connecting the project to Interstates 95,
895, 97, 70 and 83 as well as Route 295 (the Baltimore-Washington Parkway).
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| Cary Abod |
Tradepoint Atlantic contains the largest privately owned
rail interchange yard on the East Coast and includes a fully operational,
privately owned and operated short-line railroad with more than 60 miles of
track (and plans for expansion) and connections to two Class I railroads, CSX
Transportation and Norfolk Southern Railway.
In addition,
Tradepoint Atlantic owns and operates a marine terminal within the Port of
Baltimore and offers significant deep-water frontage with deep water berths.
The 1.35-million-square foot building occupied by Under
Armour was completed in 2018 and has future expansion potential. The
cross-dock building features 35 total dock-door positions, two drive-in doors
and 38-foot clear heights.
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| Rob Carey |
Completed in 2018,
the 857,514-square-foot building leased to Amazon.com also has a cross-dock
design with 63 dock doors, two drive-in doors and 41-foot clear heights.
Both buildings have a small office finish.
HFF’s debt placement team representing the borrower included
managing director Cary Abod, director Rob Carey and associate Kevin
Byrd.
“The long-term leases to Under Armour and Amazon,
state-of-the-art construction and desirable sponsorship yielded a highly
competitive bidding process,” Abod said.
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| Kevin Byrd |
CONTACTS:
CARY ABOD
HFF Managing Director
(202) 533-2500
KIMBERLY
STEELE
HFF
Digital Content/Public Relations Specialist
(713)
852-3420
JENNIFER TRIANO
Allianz Real Estate of America
(917) 520-5168
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