-

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 Partners with Waterton to Invest in Three Outbound Hotels in Sedona, AZ; Jackson, WY; and Stowe, VT

CHARLOTTE, N.C. & CHICAGO--(BUSINESS WIRE)--Barings, one of the world’s largest diversified investment managers, and Waterton, a real estate investment and property management company specializing in U.S. multifamily and hospitality properties, today announced a joint venture to recapitalize two existing Outbound Hotels, The Virginian Lodge in Jackson, WY, and Outbound Stowe in Stowe, VT. This announcement follows the partnership’s earlier acquisition of the Poco Diablo Resort in Sedona, AZ, wh...

Barings and Counterpointe Sustainable Real Estate Provide $173 million in Construction Financing for Harper Square Apartment Development in Philadelphia’s Rittenhouse Square Neighborhood

CHARLOTTE, N.C.--(BUSINESS WIRE)--Barings, one of the world’s largest diversified real estate investment managers, announced today that it has provided a $113 million construction loan alongside $60 million in C-PACE financing from Counterpointe Sustainable Real Estate to Pearl Properties for the development of Harper Square in the Rittenhouse Square neighborhood of Center City, Philadelphia. “Philadelphia and Center City’s submarket fundamentals are strong, exemplified by Pearl’s highly succes...

Barings Corporate Investors Reports Preliminary Third Quarter 2025 Results

CHARLOTTE, N.C.--(BUSINESS WIRE)--The Board of Trustees of Barings Corporate Investors (NYSE: MCI) (the "Trust") met on November 13, 2025, and would like to report its preliminary financial results for the third quarter of 2025. Financial Highlights(1) Three Months Ended September 30, 2025 Three Months Ended June 30, 2025   Total Amount Per Share(5) Total Amount Per Share(4) Net investment income(2) $ 7,077,257 $ 0.35 $ 7,161,484 $ 0.35 Net realized gains / (losses)(3) $ 577,945 $ 0.03 $ 1,868,...
Back to Newsroom