Posts Tagged: industrial

New York Investor Expands Footprint with $24M Northeast Philadelphia

Eagle Cliff Real Estate Partners has acquired a 196,000-square-foot industrial property in Northeast Philadelphia

Eagle Cliff Real Estate Partners has acquired a 196,000-square-foot industrial property in Northeast Philadelphia for $24.05 million, marking its second local investment in under a year. The warehouse, located at 2045 Wheatsheaf Lane, changed hands from Kairos Real Estate Partners and sits on an 8.3-acre site positioned between Port Richmond and Frankford, just minutes from… Read more »

Interest Grows in Cleveland-Cliffs’ Idled Steel Plants

Cleveland-Cliffs Inc.’s idled steel plants in Conshohocken and Steelton are garnering interest from both other manufacturers and also data center developers.

Cleveland-Cliffs Inc.’s shuttered steel facilities in Conshohocken and Steelton are attracting attention from a range of potential buyers, including manufacturers and data center developers. The Cleveland-based steel producer confirmed it has received “inbound interest” for the two Pennsylvania plants, as well as for its Riverdale strip mill in Illinois. However, it remains unclear whether any… Read more »

Logistics Property Co. Expands Industrial Footprint Across the Northeast Corridor

Logistics Property Co. Expands Industrial Footprint Across the Northeast Corridor

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,”… Read more »

Industrial Developers See Relief in Philly

Philly developers see a slow down

Following a period of rapid industrial development, the Philadelphia region is now seeing a much-needed slowdown in construction activity. This easing has allowed demand to begin catching up with the influx of supply, helping to reduce vacancy rates across the metro area. Since 2020, developers have delivered over 57 million square feet of industrial space… Read more »

Philadelphia’s Industrial Market is One of the Best Markets in the Country

Philadelphia's Industrial Market is One of the Best Markets in the Country

Philadelphia has solidified its position as a top-tier industrial real estate market, delivering over 4 million square feet of new space in the first quarter of 2025. The city ranked fourth in a new national report by CommercialCafe, making it the highest-ranked market on the East Coast. The ranking evaluated 30 major U.S. industrial hubs… Read more »

Developers Slow New Industrial Projects in Philly Area

Developers Slow New Industrial Projects in Philly Area

Philadelphia’s industrial boom is winding down after a record-breaking five years that added 55 million square feet to the region’s inventory. As of March, 12.4 million square feet remain under construction, a 52% drop from the early 2023 peak. This slowdown follows a national trend driven by rising vacancies. Half of the 32 million square… Read more »

Philly’s Small-Bay Industrial Market Stays Strong

Philly’s Small-Bay Industrial Market Stays Strong

Philadelphia’s industrial market showed resilience in early 2025, sustaining strong tenant demand despite a national leasing slowdown. Vacancy rates rose with new inventory, but net absorption increased year-over-year. Burlington, New Castle, and Bucks counties continued driving leasing momentum, while industrial properties remained the region’s top investment choice for the fourth consecutive year. Leasing activity has… Read more »

Keystone Trade Center Lands 518,000-SF Lease

Keystone Trade Center Lands 518,000-SF Lease

US Elogistics, a third-party logistics company based in Monroe, New Jersey, has leased 517,641 square feet—half of an industrial building—at NorthPoint Development’s Keystone Trade Center in Fairless Hills. Located at 500 Ben Fairless Drive (Building 5), the lease is part of the 1,800-acre former U.S. Steel site, according to a quarterly report from Colliers, which… Read more »

Proposed Six-Story Industrial Building Planned for Fox Chase

Proposed Six-Story Industrial Building Planned for Fox Chase

A six-story self-storage facility is being proposed in Fox Chase. The project, located at 7801-45 Oxford Ave., involves consolidating three parcels into a single lot and requires zoning variances to move forward. Plans have been submitted to the Philadelphia Civic Design Review committee for review in February, with the Zoning Board of Adjustment set to… Read more »

Industrial Sales Drive Real Estate Market in Pennsylvania’s Capital

Industrial Sales Drive Real Estate Market in Pennsylvania's Capital

Harrisburg’s commercial real estate market has seen substantial growth over the past decade, with sales volume rising from $501 million in 2014 to $861 million in 2024—a 30% increase after adjusting for inflation. The industrial sector has been the key driver of this growth, averaging over $300 million in annual sales. By comparison, retail, office,… Read more »