11601 Roosevelt Boulevard

JLL is pleased to present for sale 11601 Roosevelt Boulevard located in Philadelphia, Pennsylvania. The Property is a 465,405 square foot Class A cross-dock distribution facility situated on 24 acres. 11601 Roosevelt Boulevard is located northeast of Center City Philadelphia, just 4 miles off of I-95 (Delaware Expressway) and presents the opportunity to acquire a newly constructed, fully leased industrial facility situated in an irreplaceable urban infill location.

The Property is fully leased to KLS Logistics, an affiliate of leading contract logistics company DHL (US OTC: DPSGY / Fitch: A-), on behalf of the Pennsylvania Liquor Control board, with 5.00 years of remaining term and in-place rent that is 54.1% below market. The Property underwent extensive tenant investment during construction and serves as DHL’s 3rd largest retail operation, servicing two-thirds of the state of Pennsylvania.