While headlines and reports often highlight mega-warehouses, Philadelphia’s small-bay industrial market has quietly flourished. These facilities, typically under 50,000 square feet, are the most sought-after segment, yet availability is limited, leading to a shrinking market for companies in need of smaller industrial spaces. Since 2022, construction has predominantly centered on “big-box” warehouse facilities, those exceeding… Read more »
Demand has surged in Pennsylvania’s top industrial markets, leading to a wave of new development. Last year saw a record number of completions, adding over 110 million square feet of industrial space in the past four years across Philadelphia, Lehigh Valley, the I-81 Corridor, Harrisburg, and York. Philadelphia, the ninth largest U.S. industrial market, experienced… Read more »
Alterra IOS has secured nearly $1 billion for further acquisitions of industrial outdoor properties nationwide, as indicated by federal filings. This substantial fundraising underscores the Philadelphia-based firm’s assertive strategy in this often overlooked asset class, bolstering its multibillion-dollar portfolio. Disclosed in a recent filing with the U.S. Securities and Exchange Commission, the $900 million fundraising… Read more »
Wolf Commercial Real Estate, the leading commercial real estate and advisory firm in South Jersey has been appointed the exclusive listing agent for 1800 Union Landing Road, Cinnaminson, NJ 08077. The Cinnaminson property is available for sale. The property holds +/- 4.91 Acres that could be utilized by land and Industrial users. Features of 1800… Read more »
Crow Holdings Development has acquired a 14.4-acre parcel in Northeast Philadelphia for $8 million, intending to construct a 150,000-square-foot industrial facility. The Dallas-based real estate investment firm purchased the site, located at 14515 McNulty Road, from the Philadelphia Authority for Industrial Development, a subsidiary of the quasi-public Philadelphia Industrial Development Corp. Clark Machemer, Senior Managing… Read more »
Equus Capital Partners, headquartered in Newtown Square, has recently completed the acquisition of more than 1.2 million square feet of industrial space in the Charlotte region, as part of a broader portfolio purchase. A subsidiary linked with the real estate investment firm invested $124 million in acquiring a total of nine buildings, encompassing 1.4 million… Read more »
After a robust year of building completions in 2023, the pace of industrial development in Philadelphia has notably decelerated in early 2024. Escalating financing costs and an accumulation of unleased inventory have instilled a sense of caution among developers, particularly as industrial rent growth experiences a slowdown across the market. The exuberant industrial leasing period… Read more »
Despite a 57% annual sales decline in 2023, industrial properties in the Philadelphia region maintained their status as the preferred asset class. The industrial sector is poised to exhibit resilience in the upcoming quarters, contrasting with a general slowdown in sales across all property types. The strength of the industrial sector can be attributed to… Read more »
A Houston-based real estate firm has completed the acquisition of a warehouse in Northeast Philadelphia with intentions to demolish and redevelop it into a larger industrial facility. This acquisition, situated at 10101 Roosevelt Blvd., marks an expansion for Lovett Industrial within the Philadelphia market. Spanning 14.5 acres, the firm intends to dismantle the existing 109,000-square-foot… Read more »
Velocity Venture Partners has purchased a 340,000-square-foot industrial building in Montgomery County for $30.7 million, aiming to enhance and expand the premises. Positioned at 3400 E. Walnut St. in Colmar, the 28-acre property sits between Route 309 and County Line Road, less than a mile from SEPTA’s Regional Rail Colmar station. Zach Moore, Velocity’s Founding… Read more »
