Barings provides $86.2 million financing for Charleston, S.C. logistics portfolio acquisition
Type: Financing · Technology: Industrial · Country: United States · Value: $86.2M · Announced: 2026-08-11
Barings provided an $86.2 million loan to Obelisk Real Estate Partners to finance the acquisition of a three-building industrial portfolio in Charleston, South Carolina. The portfolio includes approximately 817,000 square feet of logistics space across three facilities in Hanahan, located within the Charleston metropolitan statistical area. The assets are strategically positioned near key transportation hubs including the Port of Charleston, North Charleston Terminal, Boeing’s production facility, and former Navy base, with direct access to Interstates 26 and 526. The portfolio is currently 62% leased and presents near-term value creation opportunities through capital improvements and lease-up activities. The financing aligns with Barings’ focus on high-quality industrial real estate in markets with durable demand drivers, particularly in logistics and port-oriented locations.
Counterparties
- JLL (Advisor)
- Obelisk Real Estate Partners (Borrower)
- Barings (Lender)
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