PHILADELPHIA — Walker & Dunlop (NYSE: WD) has arranged a $53.8 million construction loan for PhilaPort Logistics Center, a 282,250-square-foot industrial project in Philadelphia. The 15-acre site at 3060 S. 61st St. is located approximately three miles from Philadelphia International Airport and six miles from the Packer Avenue Marine Terminal. PhilaPort Logistics Center will feature a rear-load configuration, a clear height of 40 feet, 135-foot truck court depths, 50 exterior dock doors, two drive-in doors, 5,000 square feet of office space and parking for 187 cars and 72 trailers. Aaron Appel, Jonathan Schwartz, Keith Kurland, Adam Schwartz and Michael Ianno of Walker & Dunlop arranged the financing through ACORE Capital. The borrower was New York City-based DH Property Holdings. Construction is slated for a third-quarter 2025 completion.
![PhilaPort-Logistics-Center PhilaPort-Logistics-Center](https://rebusinessonline.com/wp-content/uploads/2024/07/PhilaPort-Logistics-Center.jpg)
DH Property Holdings broke ground earlier this month on PhilaPort Logistics Center in Philadelphia and expects to complete the project in the third quarter of next year.
Walker & Dunlop Arranges $53.8M Construction Loan for Philadelphia Industrial Project
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