TPG Real Estate Credit Provides $153M Loan For Airport Logistics Center Development In Tinicum Township

The property involved in this transaction is an industrial asset located at 10 Industrial Highway in Tinicum Township, Pennsylvania. The project spans 1,050,000 square feet and encompasses 66 acres. The loan provided for this asset is a construction loan amounting to $153,000,000, facilitated by TPG Real Estate Credit.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $153,000,000
• Address: 10 Industrial Highway
• Market: Tinicum Township, PA
• Asset Size: 1,050,000 SF
• Acres: 66
• Lender: TPG Real Estate Credit
• Landlord: Ivy Realty; Lubert-Adler Real Estate Funds
• Broker: Cushman & Wakefield

The construction financing for the first phase of the Airport Logistics Center is being developed by a partnership between Ivy Realty and Lubert-Adler Real Estate Funds. Cushman & Wakefield is responsible for arranging the loan, with project completion anticipated in early 2028, and there is potential for a second phase to expand the total development to 1.8 million square feet.