{"id":1004785480,"date":"2026-01-28T03:15:07","date_gmt":"2026-01-28T11:15:07","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004785480"},"modified":"2026-01-28T03:28:00","modified_gmt":"2026-01-28T11:28:00","slug":"exclusive-bgo-secures-58m-for-bay-area-asset","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/exclusive-bgo-secures-58m-for-bay-area-asset\/","title":{"rendered":"Exclusive: BGO Secures $58M for Bay Area Asset"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-full is-resized\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/01\/08112016_Close-View_K1A8352-e1769526847392.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"664\" height=\"497\" data-attachment-id=\"1004785484\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/exclusive-bgo-secures-58m-for-bay-area-asset\/08112016_close-view_k1a8352\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/01\/08112016_Close-View_K1A8352-e1769526847392.jpg\" data-orig-size=\"664,497\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"5195_Fermi_Drive_Fairfield_ca\" data-image-description=\"&lt;p&gt;Image sourced from a Colliers press release from August 2025:&lt;\/p&gt;\n&lt;p&gt;https:\/\/www.colliers.com\/en\/news\/san-francisco-bay-area\/colliers-facilitates-the-lease-of-the-largest-available-warehouse-in-fairfield&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;Interchange Logistics Center dates back to 1995 and previously underwent renovations and upgrades in 2013 and 2024. Image courtesy of Colliers&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/01\/08112016_Close-View_K1A8352-e1769526847392.jpg?w=664\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/01\/08112016_Close-View_K1A8352-e1769526847392.jpg\" alt=\"Exterior shot of the 607,208-square-foot facility at 5195 Fermi Drive in Fairfield, Calif.\" class=\"wp-image-1004785484\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/01\/08112016_Close-View_K1A8352-e1769526847392.jpg 664w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/01\/08112016_Close-View_K1A8352-e1769526847392.jpg?resize=300,225 300w\" sizes=\"auto, (max-width: 664px) 100vw, 664px\" \/><\/a><figcaption class=\"wp-element-caption\">Completed in 1995, Interchange Logistics Center most recently underwent renovations in 2024.<em> Image courtesy of Colliers<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>BGO has secured a $58.3 million loan backed by Interchange Logistics Center, a 607,208-square-foot Class A industrial building in Fairfield, Calif., according to Yardi Matrix. TPG Capital, the debt and credit platform of TPG Angelo Gordon, originated the note.<\/p>\n\n\n\n<p>BGO has owned Interchange Logistics Center since 2021, when Link Logistics sold it for $73.5 million. A $52.8 million loan issued by Pacific Coast Capital Partners financed that acquisition, the same data provider shows.<\/p>\n\n\n\n<p>The property occupies 28 acres at 5195 Fermi Drive. Completed in 1995 and most recently renovated in 2024, Interchange Logistics Center features 32-foot clear heights, eight grade-level doors, 55 dock-high doors and 121 vehicle parking spots.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ ALSO<\/strong>: <a href=\"https:\/\/www.commercialsearch.com\/news\/cre-optimism-is-a-feature-not-a-bug-right-now\/\">CRE Optimism Is a Feature, Not a Bug Right Now<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p>TricorBraun fully occupies the distribution center. The global packaging solutions company signed the lease last August; at the time, Interchange Logistics Center was the largest available warehouse in the city. Colliers brokered the deal on behalf of the tenant.<\/p>\n\n\n\n<p>The location is close to interstates 680 and 80 as well as U.S. Highway 12, providing distribution connections throughout the Bay Area, Sacramento, Calif., and the Central Valley. San Francisco is 40 miles away, while Oakland International Airport is 43 miles from the facility.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-financing-deals-in-the-bay-area\">Financing deals in the Bay Area<\/h2>\n\n\n\n<p>Commercial and multifamily loan originations increased 36 percent year-over-year in the third quarter of 2025, according to <a href=\"https:\/\/www.commercialsearch.com\/news\/commercial-and-multifamily-borrowing-increased-36-percent-in-the-third-quarter-of-2025\/\">the MBA\u2019s Quarterly Survey<\/a>. However, new mortgages for industrial properties were only 5 percent higher over the year, reflecting broader <a href=\"https:\/\/www.commercialsearch.com\/news\/whats-next-for-industrial-real-estate\/\">industrial market trends<\/a>.<\/p>\n\n\n\n<p>The Bay Area&#8217;s industrial market shows signs of contraction, with a vacancy rate of 7.9 percent in December, 130 basis points below the national average, according to a recent <a href=\"https:\/\/www.yardimatrix.com\/Publications\/Download\/File\/8249-MatrixIndustrialNationalReport-January2026?signup=true\">Yardi Matrix report<\/a>. Meanwhile, its 3.5 million-square-foot development pipeline ranked in the bottom half of the major 30 U.S. markets.<\/p>\n\n\n\n<p>In one of the market&#8217;s more recent financing deals, <a href=\"https:\/\/www.commercialsearch.com\/news\/longpoint-secures-108m-for-industrial-portfolio-buy\/\">Longpoint Partners secured $108 million<\/a> for the purchase of a four-building collection spread across Fremont, Calif., and three other cities. PGIM provided the loan.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A TPG division originated the note.<\/p>\n","protected":false},"author":2991,"featured_media":1004785484,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21825,21748,21742,15],"tags":[52263,33184],"class_list":["post-1004785480","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","category-industrial","category-latest","category-west","tag-bgo","tag-tpg-capital"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Exclusive: BGO Secures $58M for Bay Area Asset - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"BGO obtained a $58.3 million loan for Interchange Logistics Center, an industrial building in Fairfield, Calif., according to Yardi Matrix.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/exclusive-bgo-secures-58m-for-bay-area-asset\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Exclusive: BGO Secures $58M for Bay Area Asset\" \/>\n<meta property=\"og:description\" content=\"BGO obtained a $58.3 million loan for Interchange Logistics Center, an industrial building in Fairfield, Calif., according to Yardi Matrix.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/exclusive-bgo-secures-58m-for-bay-area-asset\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2026-01-28T11:15:07+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-01-28T11:28:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/01\/08112016_Close-View_K1A8352-e1769526847392.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"664\" \/>\n\t<meta property=\"og:image:height\" content=\"497\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Simona Tudose\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/exclusive-bgo-secures-58m-for-bay-area-asset\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/exclusive-bgo-secures-58m-for-bay-area-asset\/\",\"name\":\"Exclusive: BGO Secures $58M for Bay Area Asset - 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