Updated Oct 12, 2026
UMB Bank Provides $409M Fixed-Rate Loan For Development Site In Logan Square, Philadelphia
2000 Arch Street
$409,000,000
$933,790/SF
Building Size
438 SF
Asset Type
Development Site
Closing
Jan 26, 2023
About this deal
AI
Located in Logan Square, Philadelphia, the development site at 2000 Arch St has recently undergone a closed transaction. Spanning across 438,000 square feet, this property asset showcases its potential for future growth and development.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $409,000,000
- Date of Transaction: 01/26/2023
- Address: 2000 Arch St
- Market: Logan Square, Philadelphia
- Lender: UMB Bank
- Landlord: Parkway Corp
- Brokers: Austin Johnson & Bill Cavagnaro - JLL
Austin Johnson & Bill Cavagnaro from JLL represented the buyer and seller in this closed transaction. The loan, arranged by UMB Bank, was valued at $409,000,000 and offered fixed-rate, long-term terms. With this transaction, the development site at 2000 Arch St is poised for future growth and enhancement.
On the Map
$409,000,000
$933,790/SF
Development Site
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Players
Philadelphia Development Site Market Snapshot
Boundary boundary · Development Site · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.04%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93