HFF announces $135 million construction take-out of two new Class A industrial buildings near Baltimore, MD

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. 

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). 

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. 

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. 

Kevin Byrd

 “Allianz performed admirably as the lender, and we look forward to watching the continued development of the revolutionary Tradepoint Atlantic project.”

CONTACTS:

CARY ABOD

HFF Managing Director

(202) 533-2500

cabod@hfflp.com 

KIMBERLY STEELE

HFF Digital Content/Public Relations Specialist

(713) 852-3420

ksteele@hfflp.com

JENNIFER TRIANO

Allianz Real Estate of America

(917) 520-5168

Jennifer.triano@azoa.com

www.tradepointatlantic.com