Logistics Property Co., a Chicago-based developer, is actively pursuing new opportunities along the Northeast corridor while working on an ambitious plan to deliver 6.2 million square feet of industrial space in the Philadelphia region over a five-year period.

“We’re continuing to explore additional sites because we believe this region will outperform many other markets globally,” said Mark Glagola, Senior Vice President at Logistics Property Co., in an interview with the Business Journal. “The area is home to major cities, leading businesses, high per capita income, and a dense population supported by exceptional infrastructure.”

Earlier this month, the company revealed plans for a 442,530-square-foot industrial facility on a 43-acre site in Newark, Delaware. Named Crossroads 95 Logistics Center, the project marks the sixth development the firm has recently launched or completed in the Philadelphia region, even as industrial developers remain cautious about evolving tenant demand.

*Article courtesy of Philadelphia Business Journal

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