Philly Industrial Space

Philly Industrial SpaceWolf Commercial Real Estate specializes in representing a wide range of Philly industrial space for buyers, sellers, tenants and investors.

The team at our Philadelphia commercial real estate brokerage firm is uniquely qualified in all types of industrial space in Philly, from traditional space for warehousing and manufacturing, to industrial flex space for multiple uses under one roof, such as offices, showrooms, warehousing and more. As a leading Philadelphia commercial real estate broker, we offer clients the highest standard of service and unmatched expertise as we partner with them to help them realize their Philly industrial space goals.

Buying Philly Industrial Space

For buyers and tenants looking for new industrial space in Philadelphia, the knowledgeable team at our Philadelphia commercial real estate brokerage firm is experienced in identifying the available industrial space in Philly that is the best match for your specifics needs. We assure that the sale or lease terms of your new Philadelphia industrial space complements your real estate goals, and we’re with you from the beginning of the process to the very end in order to facilitate a smooth transition into your new Philly industrial space. At Wolf Commercial Real Estate, we have the people, the power and the connections to get you the right industrial space in Philadelphia at the right price.

Selling Philly Industrial Space

For owners looking to sell or lease their industrial space in Philly, there is nothing better than the defined marketing process that our Philadelphia commercial real estate specialists developed and then tailor for each property and sub-market. This comprehensive and proven marketing strategy works exceedingly well to match buyers and tenants with available Philadelphia industrial space.

Whether you are looking for new industrial space in Philadelphia, or seeking buyers or tenants for your available Philly industrial space, Wolf Commercial Real Estate is the Philadelphia commercial real estate broker you need to make your commercial real estate goals a reality.

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Warehouse Sells for Third Time in Six Years

Warehouse Sells for Third Time in Six Years

Ares Management has acquired a 65,582-square-foot warehouse at 13200 Townsend Road in Northeast Philadelphia for $10.2 million, according to property records. The Los Angeles-based investment firm purchased the property from Northbridge Partners, a Boston-based real estate firm.

Located in the Byberry East Industrial Park, just off Roosevelt Boulevard, the property has become part of a high-demand industrial corridor. The sale marks the third transaction in six years, with the asset trading slightly above its last sale price of $9.75 million in 2021.

The warehouse was originally sold in 2019 by Lannett Co. Inc. for $4.4 million to Abrams Realty, which later secured a lease with Amazon and sold the property at a significant gain two years later. Amazon fully occupied the building for a last-mile distribution center and now subleases the space, a situation unaffected by the ownership change.

Ares Management declined to comment on the acquisition or tenancy. The deal adds to Ares’ growing industrial presence in the region, following its $118.5 million purchase of a 14-building, 1-million-square-foot portfolio in South Jersey in 2023.

*Article courtesy of Philadelphia Business Journal

Wolf Commercial Real Estate (WCRE), is a leading New Jersey, Pennsylvania, and New York commercial real estate brokerage, advisory and property management firm that specializes in healthcare, office, retail, land, industrial, and investment properties. For more information about New York health care, industrial, retail, office, land or other commercial properties, please call 856-857-6300 or send an email to info@wolfcre.com.

Please visit our website for a full listing of Philadelphia commercial properties for lease or sale through our commercial real estate brokerage firm.

Warehouse in Bucks County Trades for Millions

Warehouse in Bucks County Trades for Millions

East Brunswick-based Greek Real Estate Partners has acquired Everest Logistics Park in Croydon, PA, for $36.75 million, according to Bucks County property records. The 141,276-square-foot Class A warehouse, located at 120 Phyllis Drive along the Delaware River, was sold by Penwood Real Estate Investment Management. The purchase price reflects approximately $260 per square foot.

Delivered in 2023, the building is fully leased to PCI Pharma Services, a Philadelphia-based pharmaceutical firm that recently expanded to occupy the entire facility under a long-term lease.

Positioned on a 10-acre site, the property offers strong regional connectivity, just minutes from I-95 and Route 13, and within close proximity to the Port of Philadelphia, Philadelphia International Airport, Port Newark, and Trenton Airport.

The facility includes 3,000 square feet of office space, 20 dock-high doors, one drive-in door, 36-foot clear ceiling height, 260 car parking spaces, and 31 trailer stalls—delivering modern specs tailored to today’s logistics and distribution users.

*Article courtesy of Philadelphia Business Journal

Wolf Commercial Real Estate (WCRE), is a leading New Jersey, Pennsylvania, and New York commercial real estate brokerage, advisory and property management firm that specializes in healthcare, office, retail, land, industrial, and investment properties. For more information about New York health care, industrial, retail, office, land or other commercial properties, please call 856-857-6300 or send an email to info@wolfcre.com.

Please visit our website for a full listing of Philadelphia commercial properties for lease or sale through our commercial real estate brokerage firm.

Philly Pretzel Factory Purchase Warehouse Next to HQ

Philly Pretzel Factory Purchase Warehouse Next to HQ

The founders of Philly Pretzel Factory have purchased a 31,000-square-foot warehouse on 2.5 acres next to the company’s Bucks County headquarters in Bensalem.

CEO Dan DiZio and co-founder Len Lehman, along with other investors under Pretzel 98 LLC, acquired the property at 1824 Byberry Road for $4.3 million earlier this month.

Philly Pretzel Factory’s 25,000-square-foot headquarters at 1525 Ford Road, which is located adjacent to the new purchase, includes offices and some manufacturing space. DiZio said the company has no plans to expand operations into the new building, which is currently leased long term to Texas-based Gardian Holdings LLC, a maker of cargo safety equipment.

The seller, Feinberg Realty Associates, is linked to Bruce and Robert Feinberg. The building was previously occupied by Leonard A. Feinberg Inc., a clothing company.

*Article courtesy of Philadelphia Business Journal

Wolf Commercial Real Estate (WCRE), is a leading New Jersey, Pennsylvania, and New York commercial real estate brokerage, advisory and property management firm that specializes in healthcare, office, retail, land, industrial, and investment properties. For more information about New York health care, industrial, retail, office, land or other commercial properties, please call 856-857-6300 or send an email to info@wolfcre.com.

Please visit our website for a full listing of Philadelphia commercial properties for lease or sale through our commercial real estate brokerage firm.

Warehouse Development Planned Near Philadelphia International Airport

Warehouse Development Planned Near Philadelphia International Airport
A Massachusetts-based firm plans to fully demolish a vacant office building across from Philadelphia International Airport to make way for a nearly half-million-square-foot industrial warehouse.
PNC Bank vacated the entire 441,000-square-foot building at 8800 Tinicum Blvd. in early 2024, consolidating operations at its regional headquarters at 1600 Market St. in Center City. Following the departure, property owner RMR Group decided to redevelop the 31.5-acre site into a 477,500-square-foot warehouse distribution center.
Demolition could begin in the second half of 2025.
Located just north of Philadelphia International Airport, the site offers trucks quick access to PHL—under a 10-minute drive—and is close to key I-95 interchanges. The primary entrance to the new facility is planned at the intersection of Bartram Avenue and Tinicum Boulevard.

*Article courtesy of Philadelphia Business Journal

Wolf Commercial Real Estate (WCRE), is a leading New Jersey, Pennsylvania, and New York commercial real estate brokerage, advisory and property management firm that specializes in healthcare, office, retail, land, industrial, and investment properties. For more information about New York health care, industrial, retail, office, land or other commercial properties, please call 856-857-6300 or send an email to info@wolfcre.com.

Please visit our website for a full listing of Philadelphia commercial properties for lease or sale through our commercial real estate brokerage firm.

Company Sells Headquarters in Northeast Philadelphia

Company Sells Headquarters in Northeast Philadelphia
Exertis Almo has sold its 143,060-square-foot headquarters at 2709 Commerce Way in Northeast Philadelphia to a Boston-based real estate investment firm for $27.2 million. The deal is structured as a sale-leaseback, which breaks down to approximately $190 per square foot. The buyer is an entity affiliated with Cabot Properties.
The transaction comes on the heels of Almo Corp.’s $610 million acquisition by Ireland-based DCC plc in 2021. Following the acquisition, the longtime family-owned business was rebranded as Exertis Almo to reflect its integration into DCC’s technology division.
Founded in 1946 and operated by the Chaiken family for three generations, Exertis Almo is a major distributor of appliances and AV equipment, generating around $1 billion in annual revenue with a workforce of more than 300. The company now manages roughly 2.7 million square feet of warehouse space across 12 U.S. locations.

*Article courtesy of Philadelphia Business Journal

Wolf Commercial Real Estate (WCRE), is a leading New Jersey, Pennsylvania, and New York commercial real estate brokerage, advisory and property management firm that specializes in healthcare, office, retail, land, industrial, and investment properties. For more information about New York health care, industrial, retail, office, land or other commercial properties, please call 856-857-6300 or send an email to info@wolfcre.com.

Please visit our website for a full listing of Philadelphia commercial properties for lease or sale through our commercial real estate brokerage firm.

Revamped NE Philly Complex Adds Second Tenant

Revamped NE Philly Complex Adds Second Tenant

Velocity Venture Partners is redeveloping the former Cardone Industries complex in Northeast Philadelphia, with leases already in place for 40% of the industrial space.

The Bala Cynwyd-based firm purchased the 470,000-square-foot site at 5660 Rising Sun Ave. in 2022 for $22.3 million from a Cardone-affiliated entity. Cardone, a longtime major employer in the area, occupied two buildings on the property. After being acquired by Michigan-based First Brands Group in June 2023, the company initiated layoffs and began removing equipment. Following months of unpaid rent, Velocity secured a court order in February 2024 to fully reclaim the property.

Since taking over, Velocity has cleaned, repainted, and upgraded lighting across the complex. Plans call for demolishing 50,000 square feet of office space to reduce the total to 420,000 square feet and expand parking. Renovation costs are estimated between $4 million and $5 million.

*Article courtesy of Philadelphia Business Journal

Wolf Commercial Real Estate (WCRE), is a leading New Jersey, Pennsylvania, and New York commercial real estate brokerage, advisory and property management firm that specializes in healthcare, office, retail, land, industrial, and investment properties. For more information about New York health care, industrial, retail, office, land or other commercial properties, please call 856-857-6300 or send an email to info@wolfcre.com.

Please visit our website for a full listing of Philadelphia commercial properties for lease or sale through our commercial real estate brokerage firm.

Developers Slow New Industrial Projects in Philly Area

Developers Slow New Industrial Projects in Philly Area

Philadelphia’s industrial boom is winding down after a record-breaking five years that added 55 million square feet to the region’s inventory. As of March, 12.4 million square feet remain under construction, a 52% drop from the early 2023 peak.

This slowdown follows a national trend driven by rising vacancies. Half of the 32 million square feet delivered in the past two years remains unleased, and 80% of the current development pipeline is speculative with no secured tenants.

As a result, Philadelphia’s industrial availability rate has climbed 420 basis points since mid-2022, reaching 10.4%—80 basis points above the national average. Many landlords, facing unexpected carrying costs, are now more willing to subdivide spaces to attract tenants.

Leasing timelines have also stretched, with the median time to secure a tenant rising from 4.7 to 7.3 months. In response, new industrial construction has plummeted, with just 1.7 million square feet breaking ground in late 2024—the lowest level since 2018.

Despite ongoing development adding 1.9% to existing inventory—outpacing the national 1.5% rate—the slowdown suggests reduced supply entering the market by 2026, allowing demand to catch up with the 30 million square feet added since mid-2022.

*Article courtesy of Costar

Wolf Commercial Real Estate (WCRE), is a leading New Jersey, Pennsylvania, and New York commercial real estate brokerage, advisory and property management firm that specializes in healthcare, office, retail, land, industrial, and investment properties. For more information about New York health care, industrial, retail, office, land or other commercial properties, please call 856-857-6300 or send an email to info@wolfcre.com.

Please visit our website for a full listing of Philadelphia commercial properties for lease or sale through our commercial real estate brokerage firm.

Philly’s Small-Bay Industrial Market Stays Strong

Philly’s Small-Bay Industrial Market Stays Strong

Philadelphia’s industrial market showed resilience in early 2025, sustaining strong tenant demand despite a national leasing slowdown. Vacancy rates rose with new inventory, but net absorption increased year-over-year. Burlington, New Castle, and Bucks counties continued driving leasing momentum, while industrial properties remained the region’s top investment choice for the fourth consecutive year.

Leasing activity has been steady for spaces under 300,000 square feet, but larger buildings have struggled. A broker noted strong demand for small-bay facilities under 100,000 square feet, with frequent site tours, while larger “home run” buildings saw limited traction. CoStar data shows only eight leases over 300,000 square feet were signed in the past year, compared to nearly 700 leases under 100,000 square feet.

*Article courtesy of Costar

Wolf Commercial Real Estate (WCRE), is a leading New Jersey, Pennsylvania, and New York commercial real estate brokerage, advisory and property management firm that specializes in healthcare, office, retail, land, industrial, and investment properties. For more information about New York health care, industrial, retail, office, land or other commercial properties, please call 856-857-6300 or send an email to info@wolfcre.com.

Please visit our website for a full listing of Philadelphia commercial properties for lease or sale through our commercial real estate brokerage firm.

Alterra Secures $189M for IOS Properties

Alterra Secures $189M for IOS Properties

Philadelphia-based Alterra IOS has secured $189 million in financing from Blackstone Mortgage Trust Inc., marking another major investment in the industrial outdoor storage (IOS) sector. The loan supports Alterra IOS’ cash acquisition of 49 IOS properties across 22 states, totaling 235 usable acres. This investment brings the company’s total lender financing to over $1 billion for its latest fund, which closed in May 2024 with $925 million in commitments—surpassing its initial $750 million goal. IOS properties are strategically located near major transportation hubs, including highways, airports, and ports, providing essential storage space for heavy equipment and industrial tenants.

*Article courtesy of Philadelphia Business Journal

Wolf Commercial Real Estate (WCRE), is a leading New Jersey, Pennsylvania, and New York commercial real estate brokerage, advisory and property management firm that specializes in healthcare, office, retail, land, industrial, and investment properties. For more information about New York health care, industrial, retail, office, land or other commercial properties, please call 856-857-6300 or send an email to info@wolfcre.com.

Please visit our website for a full listing of Philadelphia commercial properties for lease or sale through our commercial real estate brokerage firm.

Philly Cold Storage Warehouse Sold for $41M

Philly Cold Storage Warehouse Sold for $41M

Quaker Valley Foods sold its 241,000 SF cold storage warehouse at 2701 Red Lion Road, Northeast Philadelphia, for $41M in a sale-leaseback deal, ensuring continued operations. Phoenix-based Fundamental Income acquired the 40-year-old property, which Quaker Valley purchased in 2004 for $9.8M. The sale price equates to approximately $170 per SF.

*Article courtesy of Philadelphia Business Journal

Wolf Commercial Real Estate, a full-service CORFAC International brokerage and advisory firm, is a premier Philadelphia commercial real estate broker that provides a full range of commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other  commercial properties for buyers, tenants, investors and sellers. Please visit our website for a full listing of Philadelphia commercial properties for lease or sale through our commercial real estate brokerage firm.