TIAA-CREF lends $58m on Charlotte industrial portfolio

TIAA-CREF has provided a $58m loan to Beacon Partners for a 1.6m sq ft industrial portfolio located in and around the Charlotte, North Carolina area. The 15-year fixed rate loan refinances eight 100%-leased properties. The largest is a 520,000 sq ft distribution facility at 6550 Judge Adams Road in Whitsett, NC.