A recently developed logistics center in central Pennsylvania has been acquired by a Swedish investment group. Specifically, EQT Real Estate announced that its Industrial Core-Plus Fund IV acquired the approximately 809,000-square-foot distribution center at 8032 State Route 183 in Bernville. The property, known as I-78 Commerce Center, was purchased from Atlanta-based Core5 Industrial Partners. The… Read more »
Construction has been completed on a 282,255-square-foot distribution facility in southwest Philadelphia. The building is located at 3060 South 61st Street, near Exit 347B of I-76 and Exit 13 of I-95. Additionally, close proximity is provided to Philadelphia International Airport. The facility was developed by DH Property Holdings as a speculative industrial project. Currently, the… Read more »
Philadelphia ranked 25th nationally for speculative industrial development as the region closed out 2025. Speculative projects accounted for 76 percent of ongoing industrial construction during the fourth quarter. The high share of speculative development has persisted for several years. More than 70 percent of industrial projects have been built without secured tenants over the past… Read more »
The industrial real estate market has entered a period of clear bifurcation, as older facilities fall out of favor while modern warehouses continue to capture tenant demand. Properties constructed prior to 2010 are experiencing sustained negative absorption, reflecting a fundamental shift in how occupiers evaluate industrial space. Across the Philadelphia region, older industrial buildings posted… Read more »
DrinkPak plans a $195 million investment for a 1.4 million-square-foot build-to-suit facility in South Philadelphia’s Bellwether District. The project will create 174 new jobs over the next three years. Developers plan the facility on 75 acres as DrinkPak’s flagship East Coast manufacturing location. DrinkPak operates from Santa Clarita, California. Pennsylvania will invest $2 million to… Read more »
Velocity Venture Partners sold a North Wales industrial portfolio at a nearly 50% premium. The firm had purchased the properties three years ago. The Bala Cynwyd investor sold the seven-building portfolio to NorthBridge for $22.2 million. The buildings total 125,000 square feet near Wissahickon Avenue and Dickerson Road. The sale reached $178 per square foot,… Read more »
Royal Oak Realty Trust acquired a two-building industrial complex in Montgomery County for $29.25 million. The 14-acre property includes 225,000 square feet at 500 Prosperity Drive in Upper Providence Township. The buildings are fully leased by Global Packaging Inc. Maguire Hayden Real Estate Co., based in Conshohocken, served as the seller. The developer built the… Read more »
A North Jersey developer plans to expand again in Delaware County. Greek Real Estate Partners will build an 81,000-square-foot industrial facility in Ridley Township. The site sits at 130 S. Fairview Road, near I-95 and I-476, and only seven miles from Philadelphia International Airport. The East Brunswick-based firm secured a $12.3 million construction loan from… Read more »
A newly built warehouse in Northeast Philadelphia sold for $94.5 million. The sale represents one of the region’s largest industrial deals this year. An affiliate of Principal Financial Group bought the 465,000-square-foot property at 11601 Roosevelt Boulevard. NorthPoint Development, which completed the building in 2020, handled the sale. The price equals about $203 per square… Read more »
California-based beverage manufacturer DrinkPak is reportedly targeting South Philadelphia’s Bellwether District for a massive 1.3 million-square-foot build-to-suit production facility, according to multiple industry sources. The five-year-old company, known for producing energy drinks, sodas, waters, hard seltzers, and canned cocktails, announced earlier this year plans to expand into the Northeast with a third facility — referred… Read more »
