Cit serves as sole lender of $39.6 million financing for industrial facility in baltimore, maryland

New york, march 3, 2022 /prnewswire/ -- cit, a division of first citizens bank, today announced that its real estate finance business served as sole lead arranger on a $39.6 million loan to an affiliate of clarion partners to finance the acquisition and development of southside logistics center, an industrial facility in baltimore, maryland. southside logistics center is a two-building, class-a industrial facility comprising more than 483,000 square feet and is conveniently located near a major port of baltimore terminal and several main interstate highways.
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