Posts Tagged: industrial

Boston real estate firm continues Philadelphia-area expansion, spends $44M on two industrial properties

Wharton Industrial Expands Philly Area

NorthBridge Partners has spent nearly $44 million to add two more industrial properties to its growing footprint in the Philadelphia area.  Entities affiliated with the Boston real estate company paid $22 million for 2828 Charter Road, a 248,000-square-foot building on 19 acres in Northeast Philadelphia, and $21.8 million for 1050 Wheeler Way, a 110,000-square-foot building… Read more »

Bridge Industrial proposes project at former Philadelphia Coke Company site in Bridesburg

Bridge Industrial plans to build nearly 900,000 square feet of industrial space in the Bridesburg section of Philadelphia, continuing an established trend of developers expanding into the city.  The Chicago-based developer is scheduled to go before Philadelphia’s Civic Design Review Committee on Feb. 1. Bridge Industrial is proposing 889,312 square feet at 4501 Richmond St…. Read more »

Spate of sales closes out another record year for Philadelphia industrial market

Wharton Industrial Expands Philly Area

Two year-end acquisitions of several Northeast Philadelphia properties that totaled $45 million contributed to the region having another record year in industrial sales with $3.24 billion warehouse-distribution properties trading.  Faropoint picked up two buildings totaling nearly 275,000 square feet. The properties included 327 Chew Ave., a 170,390-square-foot building in the Fox Chase section of Philadelphia,… Read more »

Wharton Equity Partners pays $22.5M for industrial building in Croydon

Wharton Equity Partners has acquired a 200,000-square-foot industrial building in Croydon for $22.5 million and plans a series of upgrades to the property that has been owned and occupied by the same company for nearly three decades.  Mid-Atlantic Distribution, a third-party logistics company headquartered in Pennsauken, New Jersey, sold the building at 2955 State Road… Read more »

EQT Exeter buys King of Prussia industrial building for $7.65M

EQT Exeter has paid $7.65 million for 300 S. Gulph Road, a 43,376-square-foot warehouse in King of Prussia.  The property was sold by Long Road Associates LP, according to Montgomery County property records. The last time it traded was in 2003 when Long Road bought it for $1.46 million.  The building, which was developed in… Read more »

WCRE Completes a +/-240,000 SF Industrial Sale

5460 Pottsville Pike, Leesport, Pennsylvania

WCRE is proud to have represented 141821 Wyomissing, LLC d/b/a Seakeeper in the acquisition of 5460 Pottsville Pike, Leesport, Pennsylvania. Seakeeper purchased this +/- 240,000 square foot industrial property situated on +/- 25.43 acres from Schneider Electric USA, Inc. The property is an exceptionally clean manufacturing and assembly operations facility and has over 5,900’ of… Read more »

Giant Opens New E-Commerce Fulfillment Center in Philadelphia

The Giant Co. has opened a new Giant Direct e-commerce fulfillment center at 3501 Island Ave. in Philadelphia. The facility is set to serve more customers in Philadelphia and, for the first time in its 98-year history, in southern New Jersey. The 124,000-square-foot facility features state-of-the-art technology, such as robotics, machine learning and vertical integration, according to… Read more »