11200 Roosevelt Blvd., Philadelphia, PA
PHILADELPHIA, PA—Cushman & Wakefield's Equity Debt & Structured Finance group has arranged approximately $13.1 million in purchase financing for Ivy Realty's acquisition of 11200 Roosevelt Blvd. in Philadelphia. The 452,375-square-foot industrial asset will undergo a full rebranding under its new ownership.
EDSF team members John Alascio, Sridhar Vankayala and Zachary Kraft headed the financing assignment on behalf of Ivy Realty, ultimately securing Reinsurance Group of America as the lender.
“Ivy Realty capitalized on a value-add opportunity in a thriving submarket,” Alascio says. “Sustained high demand for industrial product in the Greater Philadelphia/Lower Bucks County region, coupled with our client's institutional pedigree and track record for successful repositioning projects, led to a competitive marketing process and, ultimately, an excellent execution by RGA.”
The fully leased, multi-tenant 11200 Roosevelt Blvd. currently serves as home to the Philadelphia Charter School and a mix of industrial users. Ivy Realty will infuse $3 million in capital improvements to address deferred maintenance issues – including site work, roofing, painting, and system upgrades – and roll out general enhancements as part of the property's rebranding as Roosevelt Industrial Center.
“11200 Roosevelt is located in a great area—just off Route 1 and adjacent to a shopping center,” Kraft says. “Ivy Realty will take advantage of existing North and South entrances to distinguish the campus' educational and industrial components. In the firm's signature style, new signage, landscaping and other improvements will serve to elevate this property's image and competitive positioning.”
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Steve Lubetkin
Steve Lubetkin is the New Jersey and Philadelphia editor for GlobeSt.com. He is currently filling in covering Chicago and Midwest markets until a new permanent editor is named. He previously filled in covering Atlanta. Steve’s journalism background includes print and broadcast reporting for NJ news organizations. His audio and video work for GlobeSt.com has been honored by the Garden State Journalists Association, and he has also been recognized for video by the New Jersey Chapter of the Society of Professional Journalists. He has produced audio podcasts on CRE topics for the NAR Commercial Division and the CCIM Institute. Steve has also served (from August 2017 to March 2018) as national broadcast news correspondent for CEOReport.com, a news website focused on practical advice for senior executives in small- and medium-sized companies. Steve also reports on-camera and covers conferences for NJSpotlight.com, a public policy news coverage website focused on New Jersey government and industry; and for clients of StateBroadcastNews.com, a division of The Lubetkin Media Companies LLC. Steve has been the computer columnist for the Jewish Community Voice of Southern New Jersey, since 1996. Steve is co-author, with Toronto-based podcasting pioneer Donna Papacosta, of the book, The Business of Podcasting: How to Take Your Podcasting Passion from the Personal to the Professional. You can email Steve at [email protected].
