Cofe Properties purchased the Charleston Infill Portfolio for .25 million. Combined, the two warehouse portfolio totals 307,492 square feet. Nuveen provided a 5-year fixed-rate, full-term interest only loan of .95 million. CBRE arranged the loan for the acquisition. The team was made up of Brian Linnihan, Mike Ryan, Richard Henry, and JP Cordeiro with CBRE Capital Markets’ Debt & Structured Finance.

The portfolio comprises two, Class A front-load industrial facilities that are 100% leased:

• 4275 Arco Lane is a 60,640-square foot facility built in 1995. The property is leased to seven tenants, including Carrier Enterprises and Perfect 10 Distribution.
• 4750-4760 Goer Drive is a 246,852 square foot facility built in 1979. The property is leased to 11 tenants, including the College of Charleston and Beers Millwork 

Situated in the North Charleston submarket within I-526, the facilities provide direct access to I-26, US 52, and the Charleston International Airport.