{"id":1004688586,"date":"2023-11-02T02:53:53","date_gmt":"2023-11-02T10:53:53","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004688586"},"modified":"2023-11-02T07:19:14","modified_gmt":"2023-11-02T15:19:14","slug":"sansone-crow-holdings-land-102m-for-philly-project","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/sansone-crow-holdings-land-102m-for-philly-project\/","title":{"rendered":"Sansone, Crow Holdings Land $102M for Philly-Area Project"},"content":{"rendered":"
\"Tac-Pal<\/a>

Tac-Pal Logistics Center’s first phase came online earlier this year. Image courtesy of Affinius Capital<\/em><\/p><\/div>\n

A fund advised by Crow Holdings Capital<\/strong>, together with Sansone<\/strong>, has obtained a $102 million construction loan for the development of Tac-Pal Logistics Center’s second phase\u2014a 700,000-square-foot industrial building in Palmyra, N.J. Bank OZK\u00a0<\/strong>provided the senior portion of the financing. Affinius Capital\u00a0<\/strong>originated the loan, while\u00a0JLL\u00a0<\/strong>brokered the transaction.<\/p>\n

Tac-Pal Logistics Center\u2019s second phase is already underway and will feature 40-foot clear heights and cross-dock configuration. Plans also call for drive-up ramps, 438 vehicle parking spots, 166 tailgates and 236 trailer parking spots.<\/p>\n

The first phase came online earlier this year and consists of a 702,450-square-foot industrial building at 201 S. State Route 73. In July,\u00a0YesWay Logistics signed a 252,000-square-foot lease.<\/a><\/p>\n

Tac-Pal Logistics Center occupies 134 acres and allows for direct access to interstates 95, 295 and to New Jersey Turnpike. It is 12 miles from downtown Philadelphia, 21 miles from Philadelphia International Airport and within 27 miles of Trenton, N.J.<\/p>\n

Other industrial projects moving forward in the metro include Foxfield’s Lower Bucks Logistics Hub, a two-building, 81,567-square-foot project near Philadelphia. The developer financed it with a $114 million construction loan<\/a> in August. One month earlier, DH Property Holdings received a $175 million financing package for the development of a last-mile distribution center<\/a> in Philadelphia, totaling 750,000 square feet.<\/p>\n","protected":false},"excerpt":{"rendered":"

Bank OZK provided the senior portion of the financing.<\/p>\n","protected":false},"author":2991,"featured_media":1004688732,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,21825,21748,11,21742,1494],"tags":[52016,41597,37358,32796,52226],"class_list":["post-1004688586","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-finance","category-industrial","category-midatlantic","category-latest","category-philadelphia","tag-affinius-capital","tag-bank-ozk","tag-crow-holdings","tag-jll","tag-sansone-group"],"acf":[],"yoast_head":"\nSansone, Crow Holdings Land $102M for Philly-Area Project - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Affinius Capital originated a $102 million construction loan for Tac-Pal Logistics Center\u2019s second phase in Palmyra, N..J.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/sansone-crow-holdings-land-102m-for-philly-project\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sansone, Crow Holdings Land $102M for Philly-Area Project\" \/>\n<meta property=\"og:description\" content=\"Affinius Capital originated a $102 million construction loan for Tac-Pal Logistics Center\u2019s second phase in Palmyra, N..J.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/sansone-crow-holdings-land-102m-for-philly-project\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-02T10:53:53+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-11-02T15:19:14+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/11\/Tac-Pal-Rendering-e1698938237488.png\" \/>\n\t<meta property=\"og:image:width\" content=\"531\" \/>\n\t<meta property=\"og:image:height\" content=\"399\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Simona Tudose\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/sansone-crow-holdings-land-102m-for-philly-project\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/sansone-crow-holdings-land-102m-for-philly-project\/\",\"name\":\"Sansone, Crow Holdings Land $102M for Philly-Area Project - 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