Posts Tagged: Philadelphia industrial space

Bucks County Distribution Center Leased by Amazon Sells for $21.3 Million

Demonstrating continued demand for infill facilities across the greater Philadelphia region, a recently redeveloped last-mile distribution center fully leased by Amazon in Levittown has sold for $21.3 million, more than double the price it fetched when it last traded hands in 2019. Built in 1963, the last-mile distribution facility underwent a multimillion-dollar renovation between 2018… Read more »

PhilaPort to Start Work on New $42M Warehouse

PhilaPort plans to break ground on Thursday on a new $42 million, 201,621-square-foot distribution center that is part of a broader capital investment program at the port. The building at 445 Pattison Ave. will be leased to Holt Logistics Corp. as part of the company’s lease at the Packer Avenue Marine Terminal. The facility will… Read more »

Amazon Leases Philadelphia Building Previously Eyed for Indoor Farming Inc. has leased another building in Philadelphia, growing its portfolio of last-mile distribution centers throughout the region and adding — one fulfillment and last-mile distribution center at a time — to its expansive real estate footprint. The online retailer signed a lease on a 65,856-square-foot building at 13200 Townsend Road in Northeast Philadelphia. Hydroponic… Read more »

Philly Housing Agency Sells Airport-Area Industrial Site to Frankford Arsenal Owner Alliance HSP

Alliance HSP, which owns much of the Frankford Arsenal complex in Bridesburg, has acquired a warehouse near Philadelphia International Airport from the city’s housing authority. The Bryn Mawr-based investment group bought the 40,900-square-foot industrial building on 3.8 acres of land at 3440 Bartram Ave. from the Philadelphia Housing Authority for $3.63 million, commercial real estate firm said… Read more »

With Amazon Locked in, Sale Price of Philadelphia Warehouse Tops $70M

An entity affiliated with GLP Capital Partners of Santa Monica, California, paid $71.5 million for 2400 Weccacoe Ave., a warehouse in Philadelphia leased to Amazon. GLP US Management II LLC bought the 283,000-square-foot building in November, according to Philadelphia property records. When the sale was announced, neither the sale price nor the buyer were disclosed… Read more »

Amazon Takes More Warehouse Space in Philadelphia for Last-Mile Distribution

NFI Philly Inc. has leased 94,000 square feet in Philadelphia for last-mile distribution as part of its continued expansion throughout the region. The online retailer signed a long-term lease on a portion of a building at 700 Ramona Ave. in North Philadelphia, according to those familiar with the deal. The building had been vacant. Amazon (NASDAQ:… Read more »

Dow Chemical Site to Become Distribution Campus in East Philadelphia

Property Sale, Development Represent a Total Capitalization of More than $115 Million Industrial developer DH Property Holdings plans to build a sprawling last-mile distribution campus on the site of a former chemical plant in Philadelphia. The company and its capital partner acquired a 69-acre parcel of land at 5000 Richmond St. that once housed a chemical refinery… Read more »

Trammell Crow Breaks Ground on Two-Building Industrial Park in Aston

Trammell Crow Co.’s Northeast Metro Business Unit has broke ground on Springbrooke Trade Center, a two-building industrial park about 22 miles southwest of Center City Philadelphia in Aston, Pennsylvania. Springbrooke Trade Center is set to include a 210,400-square-foot building at 300 Springbrooke Blvd. and a 273,600-square-foot building at 500 Springbrooke Blvd. Both facilities are set to include a 36-foot… Read more »

Amazon’s Rapid Warehouse Expansion Reverberates Across the Nation

Earlier this month, Amazon opened a new 1-million-square-foot fulfillment center in Berks County. The facility is the online retail giant’s 15th large fulfillment center in Pennsylvania and is expected to create 1,000 new full-time jobs paying at least $15 an hour. Amazon fulfillment centers like this one typically draw a small ecosystem of other businesses nearby —… Read more »