A 100,000-square-foot warehouse at 2722 Commerce Way in Northeast Philadelphia has sold for $16.4 million. Property records identify the buyer as 2722 Commerce Realty LLC. Additionally, state business filings link the entity to the neighboring headquarters of RushOrderTees at 2727 Commerce Way. Industry reports identify RushOrderTees as the buyer. However, the company declined to comment… Read more »
The South Philadelphia headquarters occupied by Tastykake has changed ownership following an $87 million transaction. As a result, another major industrial investment sale has closed in the Philadelphia market. The 345,500-square-foot property is located at 4300 South 26th Street. The building was sold by Prologis to an entity affiliated with Bridge Investment Group. The sale… 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 »
Stateside Vodka is moving its longstanding Philadelphia headquarters to a new location, expanding its operations space by 900%. The Olde Kensington distiller has secured a long-term lease for a 40,000-square-foot building in Northeast Philadelphia. This space is being developed by real estate investment firm East Capital Partners, according to CEO Clement Pappas in an interview… Read more »
