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Canyon Partners, J.P. Morgan Provide $156M for Philadelphia Industrial Property
Canyon Partners Real Estate has jointly provided a $156 million loan with J.P. Morgan for the refinancing and lease-up of Bridge Point Philadelphia, a recently built industrial property in Philadelphia, Pennsylvania, owned and operated by Bridge Industrial.
The transaction was facilitated by CBRE. Delivered in 2024, Bridge Point Philadelphia comprises two buildings totaling 889,300 square feet. The property features modern specifications designed to meet the evolving needs of logistics and distribution users, including efficient rear-load and cross-dock configurations, excess trailer parking, and multi-tenant adaptability.
The property benefits from being in an infill location seven miles northeast of downtown Philadelphia, two miles from the Port of Philadelphia, and in proximity to the Philadelphia International Airport. “We were pleased to work closely with Canyon, whose efforts were instrumental in efficiently completing this financing,” said CBRE’s Steve Roth. “Their collaborative approach ensured a smooth execution and a successful outcome for all parties involved.”
