Speed Bay Warehouse Solutions has entered the Northeast market with an industrial portfolio acquisition valued at more than $84 million. The portfolio includes eight warehouse properties totaling 488,936 square feet. The buildings are located in Delaware and Montgomery counties in Pennsylvania and Burlington County in New Jersey. The Denver-based real estate firm purchased the portfolio… Read more »
Mitsubishi Electric Trane HVAC has leased approximately 489,000 square feet of industrial space in Philadelphia’s Bridesburg neighborhood. The lease ranks among the region’s largest recent industrial transactions. Additionally, it reinforces demand for modern distribution facilities in the city. The space is located at 2951 Orthodox Street within a two-building industrial complex totaling approximately 900,000 square… Read more »
Philadelphia’s big-box industrial market is showing renewed leasing momentum. Notably, the number of major transactions has steadily increased from the market’s 2023 cyclical low. The rebound suggests large industrial occupiers are regaining confidence in their operations. Previously, higher interest rates and economic uncertainty caused many companies to delay expansion plans. However, leasing activity has improved… 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 »
A large-scale industrial project is gaining attention in Delaware County. A Dallas-based developer plans a major logistics center in Darby Township. Stream Realty Partners has proposed a 1.3-million-square-foot logistics development on a 106-acre site. The firm submitted plans to the Delaware County Planning Commission, where the project was recently reviewed. Township approval remains the next… Read more »
Automated warehouse company Exol signed a 973,200-square-foot industrial lease in Bucks County. The deal ranks among the largest leases in the Philadelphia region in recent years. The lease fully occupies the South Penn Logistics Center at 2300 S. Pennsylvania Avenue in Morrisville. Chicago-based Logistics Property Co. completed the building last year. The property sits along… Read more »
The Philadelphia region’s largest industrial lease of 2025 was recently announced at South Philadelphia’s Bellwether District. DrinkPak officially became the project’s first anchor tenant. The Santa Clarita-based canned beverage manufacturer signed a lease for 1.4 million square feet. The build-to-suit facility is expected to be completed by early 2027. Construction is scheduled to begin in… Read more »
Construction has been completed on a 282,255-square-foot distribution facility in southwest Philadelphia. The building is located at 3060 South 61st Street, near Exit 347B of I-76 and Exit 13 of I-95. Additionally, close proximity is provided to Philadelphia International Airport. The facility was developed by DH Property Holdings as a speculative industrial project. Currently, the… Read more »
Philadelphia ranked 25th nationally for speculative industrial development as the region closed out 2025. Speculative projects accounted for 76 percent of ongoing industrial construction during the fourth quarter. The high share of speculative development has persisted for several years. More than 70 percent of industrial projects have been built without secured tenants over the past… Read more »
The industrial real estate market has entered a period of clear bifurcation, as older facilities fall out of favor while modern warehouses continue to capture tenant demand. Properties constructed prior to 2010 are experiencing sustained negative absorption, reflecting a fundamental shift in how occupiers evaluate industrial space. Across the Philadelphia region, older industrial buildings posted… Read more »
