Amazon.com Inc. has leased a 283,000-square-foot building in Philadelphia as part of its web of last-mile distribution centers around the region. The company has signed a deal to occupy 2400 Weccacoe Ave. in South Philadelphia, according to sources. The building had once been occupied Hyundai Rotem, a South Korean company that made train cars for… Read more »
Philadelphia industrial brokers and investors are noticeably less rattled by the coronavirus’ economic shock than their counterparts who specialize in the office or retail sectors. And that is with good reason. The local industrial market is entering the current crisis with tighter vacancies than those achieved even during the best years of economic boom of the mid-2000s and… Read more »
NorthPoint Development has signed a lease for a division of DHL International to occupy a 465,000-square-foot industrial building it is constructing at 11601 Roosevelt Blvd., a project that is helping to reshape Northeast Philadelphia into as a regional distribution market. KLS Logistics, of which DHL is a part, signed a long-term deal on the building and… Read more »
If there was one clear takeaway from Philadelphia’s industrial market performance last year, it was that investor demand was red hot for nearly all types of distribution properties. Deutshce Bank’s DWS Group acquired two of Dermody Properties’ newly delivered South Jersey distribution centers, 2320 Center Square Road, and 2650 Oldmans Creek Road, for between $90… Read more »
It hasn’t been announced by the company, but the Inquirer has confirmed that United Parcel Service plans to build a million-square-foot facility on the 138-acre former Budd Co. property at 1 Red Lion Rd. in Northeast Philadelphia, one of the biggest available industrial properties in the city. Plans call for 950 parking spaces, and UPS… Read more »
Wolf Commercial Real Estate, a leading Philadelphia commercial real estate broker with expertise in Philly commercial real estate listings and services, now has available a highly visible Philly industrial building for lease at 10 Schultz Drive Delano PA. This Philly space for lease is a +/- 69,300 square-foot building and the asking lease price for… Read more »
Wolf Commercial Real Estate, the foremost Philly commercial real estate broker that specializes in Philadelphia commercial real estate listings and services, now has available Philly industrial space for lease at 1910 South Columbus Boulevard. This Philadelphia industrial space for lease is on the third floor of a building at 1910 South Columbus Boulevard. There is… Read more »
Gallagher Tire Inc., a distributor of specialty tires and related products, leased Suburban Management Co.’s 143,092-square-foot warehouse in Parker Ford, Pennsylvania. The single-story facility at 36 Anderson Road comprises 24 loading docks, eight drive-in bays and a 31-foot clear ceiling height. Built in 1998, the 4-Star property spans 16 acres less than 35 miles from Philadelphia International… Read more »
Wolf Commercial Real Estate, a premier Philly commercial real estate brokerage firm that specializes in Philadelphia commercial real estate listings and services, is now offering Philly industrial space for sale at 7921 Vandike Street Philadelphia PA. This Philly industrial space for sale is an auto body shop and this Philly industrial building for sale contains… Read more »
The industrial property sector’s lengthy run of historically strong demand and rent gains might work against it a bit as the market proceeds through 2019. With vacancies now at a historic low of 4.7 percent among U.S. and Philadelphia commercial real estate properties, and construction still not keeping up with demand, the options for tenants… Read more »
