-

Barings Provides $51.4 Million Financing on Lower Tuck in Charlotte, NC

CHARLOTTE, N.C.--(BUSINESS WIRE)--Barings, one of the world’s largest diversified real estate investment managers, announced today that it has provided a $51.4 million loan to a partnership of Third & Urban and TPG Angelo Gordon to refinance the existing loan on Lower Tuck (“the Properties”) in Charlotte, North Carolina.

“We are excited about partnering up with Third & Urban and TPG Angelo Gordon on this adaptive reuse mixed-use campus in the burgeoning FreeMoreWest submarket. Charlotte’s office market fundamentals are steadily improving, with limited new supply expected in the near term. Differentiated offerings like Lower Tuck are well-positioned to benefit from this trend,” said Ryan Naumes, Managing Director with Barings.

Lower Tuck is a portfolio of three Class A, adaptive reuse buildings totaling 247,223 sq. ft. in Charlotte. The portfolio was 63.6% leased to 20 tenants at the time of the transaction. The portfolio includes:

  • 929 Jay Street: An 84,919 sq. ft. creative office building with timber ceilings 19-foot windows, and ample outdoor/patio space.
  • 1018 Jay Street: Offers 69,774 sq. ft. of office and retail space, with steel truss and timber ceilings, skylights, and an open-air courtyard.
  • 800 Gesco Street: Comprises 92,530 sq. ft. of creative office and retail suites, showcasing impressive 24-foot, exposed barrel vault and steel truss ceilings, floor-to-ceiling windows, and six recently delivered speculative suites, three of which are leased.

CBRE advised the sponsorship on the financing from Barings.

This transaction expands Barings’ $23.79+ billion* real estate debt platform, which leverages the team’s broad direct origination capabilities and deep credit expertise to invest in loans secured by institutional-quality commercial real estate.

About Barings

Barings is a $442+ billion* global asset management firm that partners with institutional, insurance, and intermediary clients, and supports leading businesses with flexible financing solutions. The firm, a subsidiary of MassMutual, seeks to deliver excess returns by leveraging its global scale and capabilities across public and private markets in fixed income, real assets and capital solutions.

*As of March 31, 2025

Contacts

MediaRelations@barings.com

Industry:

Barings

Release Versions
English

Contacts

MediaRelations@barings.com

More News From Barings

Barings Provides Financing to Back Quad-C’s Investment in Armstrong Transport Group

CHARLOTTE, N.C.--(BUSINESS WIRE)--Barings, one of the world’s leading alternative investment managers, announced today that it served as administrative agent of senior secured credit facilities to support Quad-C’s acquisition of Armstrong Transport Group (“Armstrong” or “the Company”).Armstrong is a leading logistics platform that operates primarily through an independent agent network to connect commercial shippers with full truckload (FTL) heavy-haul, flatbed, temperature-controlled, and less-...

Barings Provides Financing to Back Hg Capital’s Investment in Rightsline

CHARLOTTE, N.C.--(BUSINESS WIRE)--Barings, one of the world’s leading alternative investment managers, announced today that it served as administrative agent of senior secured credit facilities to support Hg Capital’s (“Hg”) acquisition of Rightsline (the “Company”).Rightsline is a leading provider of rights and royalties management software for IP-intensive industries.“Barings is excited to partner with Hg through the acquisition of Rightsline, and we look forward to continuing to support Hg wi...

Barings Global Short Duration High Yield Fund Announces July 2026 Monthly Distribution of $0.1223 per Share

CHARLOTTE, N.C.--(BUSINESS WIRE)--The Barings Global Short Duration High Yield Fund (the “Fund”) (NYSE: BGH) announced its monthly dividend for July 2026 of $0.1223 per share, payable on August 3, 2026. Based on the Fund’s June 30, 2026 share price of $14.10 per share, the dividend represents an annualized yield of 10.41% per share. Based on current projections through the payable date, the Fund expects that this dividend will be comprised of net investment income. In addition, the Fund announc...
Back to Newsroom