CBRE Capital Markets’ Debt & Structured Finance team has arranged a $250 million loan for the Becknell Industrial Portfolio.

Michael Riccio, Susan Larkin, and Anna Pfau of CBRE’s Hartford, Connecticut office, secured the competitively priced, floating rate loan on behalf of Becknell Industrial Operating Partnership, L.P, a joint venture partnership formed between a fund managed by UBS Asset Management, Global Real Estate-US and Becknell Industrial.

"We were very pleased to secure this financing for our client, which will allow them the ability to execute their business plan and optimize their returns on this high-quality portfolio. Rarely do we see large portfolios of this quality with such attractive and flexible financing terms,” said Mr. Riccio.

The Becknell Industrial Portfolio includes over 140 Class A distribution properties, totaling over 14 million square feet. The properties are located in core markets across the U.S. and are around transportation hubs in key distribution corridors, contributing to its excellence as an investment opportunity.

The portfolio boasts an exceptional 97% occupancy rate and is leased by many investment grade tenants on long term leases along with strong local and regional tenants.

About CBRE Group, Inc.

CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2015 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 400 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.