Canyon Partners Real Estate And J.P. Morgan Provide $156M Refinance Loan For Bridge Point Philadelphia

The asset involved in this transaction is an 889,300-square-foot industrial property located at 2951 Orthodox Street in Philadelphia. The property is owned by Bridge Industrial and has undergone refinancing with a loan amount of $156,000,000.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $156,000,000
• Address: 2951 Orthodox Street
• Market: Philadelphia
• Lender: Canyon Partners Real Estate & J.P. Morgan
• Landlord: Steve Poulos - Bridge Industrial
• Broker: Steve Roth - CBRE
• Loan Type: Refinance

CBRE was responsible for arranging the refinancing loan for Bridge Point Philadelphia. The refinancing aims to assist in funding lease-up costs for the property, which was built in 2024. The key individuals involved include Steve Poulos representing Bridge Industrial as the landlord and Steve Roth acting as the broker from CBRE.