Connect News Commercial Real Estate news for every market and every facet, every day.
Connect CRE Events Live and virtual events bringing together the best of information and networking.
CRE Industry Events Live industry events.
Connect Creative A full service marketing and PR agency.
Connect Classroom Offering CRE focused continuing education courses on demand.
ApartmentBuildings.com Is a dynamic platform to search for, list and promote multifamily listings nationwide.
Connect Awards View the A-list of commercial real estate & submit nominations.
Connect Media Kit Advertise, Promote, Attend, Create – Work with Connect.
Loantuitive Find the right lender for your loan.
About Connect Meet the team behind the machine and taste a little of the secret sauce.
Connect News

Your source for daily news covering CRE transactions and trends. Stay informed on national, regional and property sector news that matters to your business.

Connect Classroom

Offering on-demand online courses that provide continuing education credits for brokers, attorneys, appraisers and architects. Select from easily accessible video and written courses that cover a variety of CRE topics.

Find Your Course
High-rise commercial buildings

STAY INFORMED

News when you need it. All our Breaking News, right to your inbox.

Sub Markets

Property Sectors

Topics

Washington DC CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Washington DC & Mid-Atlantic  + Philadelphia  + Industrial  |  November 4, 2026
Jasmine Kilman
By: Jasmine Kilman

Developer Secures $153M for 1M-SF Philadelphia Industrial Project

Ivy Realty has secured $153 million to finance construction for the first phase of a 1.8 million-square-foot logistics facility adjacent to Philadelphia International Airport.

The developer plans to build the 1.05 million-square-foot first phase of the Airport Logistics Center on 66 acres at 10 Industrial Highway in Tinicum Township. The building is expected to be completed in early 2028. Investor Lubert-Adler Real Estate Funds is partnering with Ivy Realty on the project and is a co-borrower in the financing. TPG Real Estate Credit provided the floating-rate construction loan. Cushman & Wakefield’s John Alascio, Chuck Kohaut, TJ Sullivan and Aaron Graves arranged the financing for Ivy Realty and Lubert-Adler, reported the Philadelphia Business Journal.

Ivy Realty owns an adjacent 40-acre property approved for an industrial facility of up to 750,000 square feet, which constitutes the second phase of the development. The two phases combined would deliver 1.8 million square feet of industrial space.

Read More News Stories About: Cushman & Wakefield
Connect

Inside The Story

Cushman & Wakefield

About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.
Order Reprints
New call-to-action