The asset involved in the transaction is an industrial property located at 10 Industrial Highway, Tinicum Township, PA, encompassing a total square footage of 627,252. The transaction pertains to a refinancing loan amounting to $34,000,000 for the property, which is part of a four-building complex that is 83.3% leased. This complex is strategically situated near Philadelphia International Airport and major highways.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $34,000,000
• Address: 10 Industrial Highway
• Market: Tinicum Township, PA
• Asset Size: 627,252 SF
• Lender: Blue Owl
• Landlord: Ivy Realty & Lubert-Adler Real Estate Funds
• Broker Representatives: Chuck Kohaut, John Alascio & Meredith Donovan - Cushman & Wakefield
• Loan Type: Refinance

Cushman & Wakefield facilitated the arrangement of the refinancing loan from Blue Owl for Ivy Realty and Lubert-Adler Real Estate Funds, enhancing the financial structure of this industrial asset located in a prime logistics area.