Industrial
Hilco taps JLL’s Northeast industrial team for 1,300-acre logistics, innovation park in Philly

The firm behind what will be a massive logistics and innovation campus in Philadelphia has tapped JLL as its leasing agent for the site, including a first phase that will create more than 1 million square feet of high-end warehouse and distribution space.

Finance & Capital Markets
Greek lands $44 million construction loan for 287,000 sq. ft. Philly industrial project

Greek Real Estate Partners has secured a $44 million construction loan for what will be nearly 290,000 square feet of new industrial space in Philadelphia, its first project in the submarket.

Residential & Mixed Use
National, KRE Group top out 360-unit apartment building in Philadelphia

A joint venture has completed vertical construction for a new 360-unit apartment building in Philadelphia, where it hopes to welcome its first residents in early 2024.

Industrial
Greek details 287,000 sq. ft. Philly warehouse project, fast-growing development pipeline

Greek Development has expanded its footprint to Philadelphia, with plans to build nearly 300,000 square feet of new industrial space, after one of several recent acquisitions and as part of a development pipeline that currently calls for more than 2.5 million square feet.

Finance & Capital Markets
Saxum lands $78 million construction loan for Philly rental project, in JLL-brokered deal

Saxum Real Estate has closed on nearly $78 million in financing for the first piece of what will be 466 new luxury apartments in Philadelphia’s growing Northern Liberties neighborhood.

Residential & Mixed Use
KRE, National break ground on 360-unit apartment tower in key Philadelphia district

Construction is underway on a new apartment tower that marks Kushner Real Estate Group’s entrance to Philadelphia, with plans to connect two well-known neighborhoods in the city.

Residential & Mixed Use
Gebroe-Hammer inks sale of Philadelphia apartments, rounding out $93 million in deals

The longtime owner of a 44-unit apartment complex in Philadelphia has sold the asset, in the newest of several recent deals in the city by Gebroe-Hammer Associates.

Residential & Mixed Use
Procida joins developer to break ground on 128 rentals, nonprofit space in Philadelphia

Procida Funding is marking the start of a project that will bring 128 new apartments and office space for a local nonprofit to a West Philadelphia neighborhood.

Retail
Hampshire-backed REIT adds grocery-anchored retail centers in Philadelphia, Richmond

A real estate investment trust with ties to The Hampshire Cos. has purchased retail centers in Pennsylvania and Virginia, marking its first deals after an initial public offering.

Finance & Capital Markets
Saxum lands $47 million loan for Philadelphia rental project, JLL says

Saxum Real Estate has secured nearly $47 million in financing for a 297-unit multifamily project in Philadelphia, according to a Morristown-based debt placement team with JLL.