Cushman & Wakefield Arranges $34M Loan for Refinancing of Metro Philadelphia Industrial Facility

by Taylor Williams

TINICUM TOWNSHIP, PA. — Cushman & Wakefield has arranged a $34 million loan for the refinancing of Airport Logistics Center, a 627,252-square-foot industrial facility located within the Philadelphia metro area. The property, which was 83 percent leased to 20 tenants at the time of the loan closing, consists of four buildings with clear heights ranging from 30 to 65 feet and three acres of outdoor storage space. John Alascio, Chuck Kohaut and Meredith Donovan of Cushman & Wakefield arranged the loan through private equity firm Blue Owl Capital on behalf of the borrower, a partnership between Ivy Realty and institutional investment firm Lubert-Adler.

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