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 »
DrinkPak plans a $195 million investment for a 1.4 million-square-foot build-to-suit facility in South Philadelphia’s Bellwether District. The project will create 174 new jobs over the next three years. Developers plan the facility on 75 acres as DrinkPak’s flagship East Coast manufacturing location. DrinkPak operates from Santa Clarita, California. Pennsylvania will invest $2 million to… Read more »
A newly built warehouse in Northeast Philadelphia sold for $94.5 million. The sale represents one of the region’s largest industrial deals this year. An affiliate of Principal Financial Group bought the 465,000-square-foot property at 11601 Roosevelt Boulevard. NorthPoint Development, which completed the building in 2020, handled the sale. The price equals about $203 per square… Read more »
California-based beverage manufacturer DrinkPak is reportedly targeting South Philadelphia’s Bellwether District for a massive 1.3 million-square-foot build-to-suit production facility, according to multiple industry sources. The five-year-old company, known for producing energy drinks, sodas, waters, hard seltzers, and canned cocktails, announced earlier this year plans to expand into the Northeast with a third facility — referred… Read more »
Prologis has put Tastykake’s headquarters and main bakery facility at the Philadelphia Navy Yard on the market. The 345,500-square-foot building, located at 4300 S. 26th Street, was originally developed in 2009 as a build-to-suit project and serves as Tasty Baking Co.’s largest production and distribution hub in the U.S. Prologis acquired the property in its… Read more »
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 »
