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 »
Amazon announced plans Monday to build a new data center at the Keystone Trade Center in Bucks County, marking part of a sweeping $20 billion investment across Pennsylvania aimed at advancing artificial intelligence and cloud computing infrastructure. Governor Josh Shapiro called it the largest private investment in the state’s history. Along with the Bucks County… Read more »
Philadelphia has solidified its position as a top-tier industrial real estate market, delivering over 4 million square feet of new space in the first quarter of 2025. The city ranked fourth in a new national report by CommercialCafe, making it the highest-ranked market on the East Coast. The ranking evaluated 30 major U.S. industrial hubs… Read more »
Philadelphia’s industrial boom is winding down after a record-breaking five years that added 55 million square feet to the region’s inventory. As of March, 12.4 million square feet remain under construction, a 52% drop from the early 2023 peak. This slowdown follows a national trend driven by rising vacancies. Half of the 32 million square… Read more »
Quaker Valley Foods sold its 241,000 SF cold storage warehouse at 2701 Red Lion Road, Northeast Philadelphia, for $41M in a sale-leaseback deal, ensuring continued operations. Phoenix-based Fundamental Income acquired the 40-year-old property, which Quaker Valley purchased in 2004 for $9.8M. The sale price equates to approximately $170 per SF. *Article courtesy of Philadelphia Business… Read more »
