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BAYTOWN, TEXAS — PGIM Real Estate has provided a $78 million loan for the refinancing of a 281,849-square-foot cold storage facility located in the eastern Houston suburb of Baytown. The newly constructed facility is situated on a 30.7-acre site within TGS Cedar Port Industrial Park. The borrower is a joint venture between Philadelphia-based BG Capital and cold storage operator Freezpak Logistics. PGIM was also involved in financing construction of the property.