Foxfield has obtained $132.4 million in financing to support its newly completed Lower Bucks Logistics Hub in Langhorne, Pennsylvania. San Antonio-based Affinius Capital provided the loan for the two-building, 814,567-square-foot industrial development located at 1600 and 1620 E. Old Lincoln Highway, also known as Route 213. The Boston-based developer delivered two modern warehouses positioned on… Read more »
Industrial property values in Pennsylvania’s eight largest markets rose 6.9% to 15.7% over the past three years. Lancaster saw the biggest jump at 15.7%. Limited new construction and strong demand for warehouse space drove prices higher. Developers added just 3 million square feet of space, a 3.3% increase in supply—about half the growth rate of… Read more »
Crow Holdings Development has purchased a 10-acre site in Northeast Philadelphia with plans to construct a 103,500-square-foot distribution center. The Dallas-based developer acquired the property at 2748 Grant Avenue from James D. Morrissey Inc. for $7 million. The parcel sits south of the Northeast Philadelphia Airport, strategically positioned between Interstate 95 and Roosevelt Boulevard. The… Read more »
Atlanta-based Stonemont Financial Group has made its first industrial investment in the Philadelphia region, acquiring a South Jersey property for $25.5 million. The 32-acre site, located at 300 Progress Court in Logan Township, was sold by Advanced Drainage Systems Inc., which had previously occupied the facility but vacated following the sale. The deal reflects a… Read more »
DYWIDAG, a German infrastructure company with a history dating back to 1865, is nearly doubling its local presence by opening a 47,000-square-foot facility in Pottstown. The Munich-based firm provides technology systems and products used in major infrastructure projects worldwide. For more than 40 years, DYWIDAG has operated from a 25,000-square-foot site in Toughkenamon, Chester County…. Read more »
Philadelphia’s industrial real estate sector is facing one of its steepest slowdowns in over a decade, with demand hitting multi-year lows. Uncertainty surrounding trade policies announced earlier this year has led many logistics and manufacturing firms to delay expansion plans and reassess supply chain strategies. By the close of the third quarter, industrial absorption had… Read more »
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 »
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., 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 »
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 »
