Posts Categorized: Philly Industrial Space

Wharton Industrial Expands Philadelphia Footprint

Wharton Industrial Expands Philly Area

Wharton Industrial continues to expand its Philadelphia-area holdings, buying a pair of fully leased warehouses in Pennsylvania and New Jersey totaling 325,000 square feet.  The properties are at 9130 Griffith Morgan Lane in Pennsauken and 5 East Pointe Drive in the Berks County town of Birdsboro. Both deals involve sale-leasebacks.  The 189,498-square-foot warehouse in Pennsauken… Read more »

Hilco Expands Holdings at Bellwether Site

Hilco Industrial Southwest Philadelphia

An 11.4-acre industrial property in Southwest Philadelphia near the planned Bellwether District was recently purchased for $35 million by an entity affiliated with Hilco Redevelopment Partners, the company behind the ambitious project.  The nearly 70,000-square-foot warehouse at 1600 S. Warfield St. sits just north of the edge of the former Philadelphia Energy Solutions refinery site,… Read more »

Vitamin Manufacturer Expands in Northeast Philadelphia

Vitamin company buys TJX warehouse in NE Philadelphia

A California vitamin manufacturer is expanding in Northeast Philadelphia, leasing a 180,171-square-foot distribution center currently occupied by TJX Cos.  International Vitamin Corp. is moving into 2801 Red Lion Road in the first quarter of 2023, growing from the roughly 110,000 square feet it currently occupies nearby at 10101 Roosevelt Blvd. The company will occupy the… Read more »

Port of Philadelphia Plans to Build New 100,000 SF Warehouse

The facility will be funded through a $20.3 million grant awarded to PhilaPort under the U.S. Department of Transportation’s 2022 Infrastructure for Rebuilding America program. A portion of the funding will also be used toward safety and efficiency upgrades with the modernization of the Tioga Marine Terminal’s main gate.  Construction of the new warehouse is… Read more »

Northeast Philly Distribution Center Sells for $148M

A Northeast Philadelphia distribution center occupied by TJX Cos. has been acquired by a Spanish billionaire for $148.1 million, a 53% increase over what the property traded for three years ago. Phoenix-based VeREIT sold the 1.015-million-square-foot center at 2760 Red Lion Road to Ponte Gadea Compass LLC, property records show. The latter is a Miami… Read more »

Bucks County Logistics Firm Leases 200,000 SF Building

Wharton Industrial Expands Philly Area

Less than a year after buying a 200,000-square-foot industrial building in Croydon, Wharton Equity Partners has landed a new tenant for the vacant property. Jillamy Inc., a third-party logistics company based in Chalfont, toured the building at 2955 State Road and signed a lease eight days later. The company takes occupancy Sept. 8. “It was… Read more »

BG Capital partners with FreezPak on new cold storage projects

BG Capital in partnership with FreezPak Logistics plans to develop a new $85 million cold storage facility in the Port Richmond neighborhood of Philadelphia as part of a broader, $1 billion effort to build a network of cold storage distribution centers across the country.  Construction of the Port Richmond building is expected to get underway… Read more »

NFI Industries to Occupy New Industrial Building in Quakertown

NFI Philly

NFI Industries Inc. will occupy the Quakertown Logistics Center, a newly constructed 264,600-square-foot building just off the Quakertown Interchange of I-476.  The process that led NFI to take the space was circuitous but reflects the sometimes fast-changing needs of companies that manage the distribution of products for clients.  In July 2020, the Camden-based trucking and… Read more »

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

Wharton Industrial Expands Philly Area

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 »