Philadelphia’s bulk distribution market is gaining momentum following several years of elevated development and rising vacancy. Stronger tenant demand and declining availability are helping the industrial market move beyond its recent slowdown. Vacancy among distribution and warehouse properties larger than 200,000 square feet reached 12.4% during the third quarter. That remains above the national vacancy… Read more »
Martin Brower, a global supply chain company and McDonald’s largest supply chain partner has leased a 147,000-square-foot warehouse under construction in Northeast Philadelphia. Developed by Crow Holdings at 14515 McNulty Road, the facility will include 57,000 square feet of cold storage and is set for completion in fall 2025. Martin Brower is part of Reyes… Read more »
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 »
Bimbo Bakeries USA has completed a new 71,218 square-foot facility in Conshohocken that will serve as its main distribution center in the Mid-Atlantic for a dozen of the company’s brands such as Sara Lee and Arnold. The building at 100 Academy Drive replaces its former distribution center at 1113 W. Ridge Pike, which was constructed… Read more »
