Home Commercial Amimin Group adds six DC/Baltimore industrial properties to its portfolio – Trade Observer

Amimin Group adds six DC/Baltimore industrial properties to its portfolio – Trade Observer

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Amimin Group received $53 million in financing for the acquisition of an industrial portfolio of six properties in the Washington, DC and Baltimore areas.

ICTa division of First Citizen Bank, acted as lead arranger of the financing. Details of the loan were not disclosed.

The properties total around 500,000 square feet and have strong leases with existing tenants, according to Amimin Group.

Four of the six properties are located in Baltimore, including the three buildings Severn Logistics Facilitytogether covering 124,000 square feet, and the 57,040 square feet Industrial Light Odenton close to BWI airport. The last two assets are located in Marlboro. The pair of buildings is known as Marlboro I Upper Distribution Center and IIwhich cover 210,000 square feet and 102,000 square feet respectively.

“Demand is strong for logistics facilities in the Mid-Atlantic region and this new portfolio of properties is well positioned to meet that market demand,” Nir Kriel, CEO of Amimin Group, said in a prepared statement. “We have already partnered with CIT and are again delighted with the expertise and agility they have shown in arranging the financing for this acquisition.”

Over the past two years, the company has acquired more than 3 million square feet of logistics, industrial and commercial space in the United States, as well as 10,000 multi-family units.

Keith Loria can be reached at [email protected].