Amazon announced plans Monday to build a new data center at the Keystone Trade Center in Bucks County, marking part of a sweeping $20 billion investment across Pennsylvania aimed at advancing artificial intelligence and cloud computing infrastructure. Governor Josh Shapiro called it the largest private investment in the state’s history. Along with the Bucks County… Read more »
East Brunswick-based Greek Real Estate Partners has acquired Everest Logistics Park in Croydon, PA, for $36.75 million, according to Bucks County property records. The 141,276-square-foot Class A warehouse, located at 120 Phyllis Drive along the Delaware River, was sold by Penwood Real Estate Investment Management. The purchase price reflects approximately $260 per square foot. Delivered… Read more »
The founders of Philly Pretzel Factory have purchased a 31,000-square-foot warehouse on 2.5 acres next to the company’s Bucks County headquarters in Bensalem. CEO Dan DiZio and co-founder Len Lehman, along with other investors under Pretzel 98 LLC, acquired the property at 1824 Byberry Road for $4.3 million earlier this month. Philly Pretzel Factory’s 25,000-square-foot… Read more »
J.G. Petrucci Co. has begun construction on a 320,250-square-foot warehouse in Bucks County, highlighting its focus on East Coast industrial properties. Partnering with Boston-based Cabot Properties, the New Jersey firm is developing the site at 4626 Somerton Road in Bensalem, near I-276 and Route 1. Additionally, J.G. Petrucci Co. acquired an $8.6 million industrial building… Read more »
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 »
A South Jersey building used as a distribution center for Rite Aid Corp. and a Bucks County building leased by AstraZeneca is among six Philadelphia-area properties that are part of a 58-building industrial portfolio recapitalized for $423.5 million. Taurus Investment Holdings, a Boston real estate investment firm, owns a portfolio that totals 3.96 million square… Read more »
