Posts By: WCRE

WCRE Completes a +/-240,000 SF Industrial Sale

5460 Pottsville Pike, Leesport, Pennsylvania

WCRE is proud to have represented 141821 Wyomissing, LLC d/b/a Seakeeper in the acquisition of 5460 Pottsville Pike, Leesport, Pennsylvania. Seakeeper purchased this +/- 240,000 square foot industrial property situated on +/- 25.43 acres from Schneider Electric USA, Inc. The property is an exceptionally clean manufacturing and assembly operations facility and has over 5,900’ of… Read more »

WCRE Completes Flex Sale with Wharton Industrial Partners

WCRE is proud to have represented Wharton Industrial Partners in the acquisition of 19 Creek Parkway in Boothwyn, Pennsylvania. 19 Creek Parkway is an approximately 22,000 square foot flex industrial building situated on 1.8 acres. This well-located warehouse property is fully leased to Flowserv Corp. 19 Creek Parkway provides direct access to Routes 322 and is minutes from… Read more »

Giant Opens New E-Commerce Fulfillment Center in Philadelphia

The Giant Co. has opened a new Giant Direct e-commerce fulfillment center at 3501 Island Ave. in Philadelphia. The facility is set to serve more customers in Philadelphia and, for the first time in its 98-year history, in southern New Jersey. The 124,000-square-foot facility features state-of-the-art technology, such as robotics, machine learning and vertical integration, according to… Read more »

The Top 10 Markets for Investing in Industrial Properties

While many office towers and shopping centers are facing record-high vacancies resulting from the pandemic, a nationwide shortage of industrial space is taking hold across the country, according to data from CoStar, the parent company and publisher of LoopNet. Industrial properties have emerged as a premier asset class with the surge in online shopping; e-commerce… Read more »

Giant Co. opens automated fulfillment center outfitted with 69 robots in Philadelphia

Giant Co. has opened a 124,000-square-foot automated fulfillment center in the Eastwick section of Philadelphia and will use it as a test pilot for future facilities.  Giant’s parent company, Ahold Delhaize, is exploring adding similar e-commerce distribution centers across its brands and will monitor the Philadelphia operation for areas that might need adjustment. Regardless of… Read more »

Northeast Philadelphia industrial building trades for $33.5M

A 454,456-square-foot industrial building in Northeast Philadelphia has sold for $33.54 million after attracting a dozen offers. A joint venture between two New York firms, Ajax Advisors and Brickman Associates. The building at 11200 Roosevelt Blvd. sits on 25 acres and was fully occupied at the time of the sale to such tenants as Philadelphia… Read more »

Philabundance leases 130,000-square-foot Roxborough building after Boston brewery backs out

Philabundance, a nonprofit working against food insecurity across the region, has leased a 130,000-square-foot building in the Roxborough neighborhood of Philadelphia that will double its food distribution network. The nonprofit signed a deal at 401-415 Domino Lane, a building that had been used by Penn Beer Distributors and where Night Shift Brewing, a Boston-based craft… Read more »