PhilaPort plans to break ground on Thursday on a new $42 million, 201,621-square-foot distribution center that is part of a broader capital investment program at the port.
The building at 445 Pattison Ave. will be leased to Holt Logistics Corp. as part of the company’s lease at the Packer Avenue Marine Terminal. The facility will have 32 loading docks and provide storage for dry cargo arriving at that terminal. PhilaPort also intends to leverage the facility to attract new ocean lines and other business to the port. Once operational, it is expected to create 200 to 300 jobs.
A second phase totaling 217,000 square feet could eventually be built that would incorporate refrigerated warehousing.
In late 2016, the state announced it would invest more than $300 million in infrastructure, warehousing, and equipment at the port. The work aimed to double container capacity and position it for future growth at its Packer Avenue Marine Terminal, its automobile-handling operations, and the Tioga Marine Terminal.
Southport Auto Terminal, a $110 million vehicle processing facility, opened at PhilaPort in October 2019. Glovis America, Inc., a third-party logistics provider for Hyundai Auto Group, operates the 155-acre complex. The building processes Hyundais and Kias coming in from Korea.
For more information about Philly Industrial space for sale or lease in Philadelphia and Philadelphia properties for sale or lease, please contact WCRE at 215-799-6900.
Wolf Commercial Real Estate, a full-service CORFAC International brokerage and advisory firm, is a premier Philadelphia commercial real estate broker that provides a full range of Philadelphia commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other Philadelphia commercial properties for buyers, tenants, investors and sellers.
Please visit our websites for a full listing of Philadelphia commercial properties for lease or sale through our Philadelphia commercial real estate brokerage firm.