Posts Tagged: Warehouse

Northeast Philadelphia warehouse sells for 166% more than it traded for a year ago

Bridge Investment Group of Salt Lake City paid $33.25 million for 11311 Roosevelt Blvd., a 229,459-square-foot warehouse in Philadelphia, according to city property records. It bought the building from Covington Property Partners, a Dallas company that acquired it in February 2021 for $12.5 million. Covington purchased the building through a bankruptcy sale of National Publishing… Read more »

As development marches northward, COFCO sells North American Street building for $8.75M

COFCO has sold its 64,000-square-foot warehouse that also served as its corporate headquarters and showroom at 2200 N. American St. in the Kensington neighborhood of Philadelphia for $8.75 million.  The corporate office furnishings dealer bought the building in the fall of 1999 for $1.5 million. Brick Capital Real Estate Development, a Philadelphia developer of multifamily… Read more »

EQT Exeter buys King of Prussia industrial building for $7.65M

EQT Exeter has paid $7.65 million for 300 S. Gulph Road, a 43,376-square-foot warehouse in King of Prussia.  The property was sold by Long Road Associates LP, according to Montgomery County property records. The last time it traded was in 2003 when Long Road bought it for $1.46 million.  The building, which was developed in… Read more »

New $42M warehouse at PhilaPort topped off

PhilaPort has topped off a $42 million, 201,621-square-foot distribution center that is under construction at the Packer Avenue Marine Terminal.  The milestone means the last piece of steel has been installed in the construction of the building under development at 455 Pattison Ave. in South Philadelphia. Haines & Kibblehouse, a Skippack construction company that has… Read more »

Amazon Now Encircles the Philadelphia Region with Over 50 Warehouses

When Connor Lord first arrived at the Amazon Fulfillment Center in West Deptford Township, he was staggered by the sheer size of the place. After driving through the traffic light to the north of the warehouse, its massive bulk dwarfed everything else in this stretch of suburban South Jersey. “It’s intimidating at first seeing this… Read more »

Bridge Development Partners Sets its Sights on Philadelphia for Industrial Investment

As Bridge Development Partners begins construction on the second and final phase of Bridge Point 78 in central New Jersey, the real estate company is turning its attention to Philadelphia. The Chicago-based developer, in partnership with DH Property Holdings, landed a lease with TJX Cos. last year for a 283,000-square-foot build-to-suit at 9801 Blue Grass Road in… Read more »

International Paper Pays $11.6M for Warehouse in Chester County

International Paper Co. has paid $11.6 million for a 415,700-square-foot warehouse in West Sadsbury, a rural enclave on the far western edges of Chester County where it abuts Lancaster County. The building at 4581 Lower Valley Road was sold by VMM Eckman Management, an entity affiliated with J.D. Eckman, a Reading company that does highway… Read more »