Posts Tagged: Philadelphia industrial space

Reading Is the Industrial Market to Watch in Central Pennsylvania Amid Pandemic

The industrial market in Pennsylvania, finds itself in a precarious position entering the fourth quarter of 2020, and things could improve or deteriorate rapidly. The market’s vacancies are close to 13.5%, largely due to a surge of construction over the past five years. Developers have brought more than 7 million square feet online during that… Read more »

Exeter Property Group buys Bucks County industrial portfolio

A partnership between affiliates of Endurance Real Estate Group and Thackeray Partners sold an industrial portfolio in Bucks County for $18 million to Exeter Property Group. The Endurance venture bought the four-building, 240,358-square-foot complex at the Penn Warner Industrial Park in Fairless Hills in early 2018 for $10.8 million, or $45 a square foot, from… Read more »

Cracks Emerge in Philadelphia’s Industrial Market

Philadelphia industrial brokers and investors are noticeably less rattled by the coronavirus’ economic shock than their counterparts who specialize in the office or retail sectors. And that is with good reason.  The local industrial market is entering the current crisis with tighter vacancies than those achieved even during the best years of economic boom of the mid-2000s and… Read more »

Local Company Buys Philadelphia Industrial Complex to Expand Business

A local private company has purchased a 330,000-square-foot industrial complex at 700 Ramona Ave. in Philadelphia for $8.5 million, or about $26 per square foot. The buyer purchased the property to utilize the site as an expansion of their existing business. The property consists of two large industrial buildings on approximately 14.5 acres and provides access to… Read more »

Diverging Trends Emerge in Philadelphia’s Industrial Market Heading Into 2020

If there was one clear takeaway from Philadelphia’s industrial market performance last year, it was that investor demand was red hot for nearly all types of distribution properties. Deutshce Bank’s DWS Group acquired two of Dermody Properties’ newly delivered South Jersey distribution centers, 2320 Center Square Road, and 2650 Oldmans Creek Road, for between $90… Read more »

Large Philadelphia Industrial Space for Lease on Columbus Boulevard

Wolf Commercial Real Estate, the foremost Philly commercial real estate broker that specializes in Philadelphia commercial real estate listings and services, now has available Philly industrial space for lease at 1910 South Columbus Boulevard. This Philadelphia industrial space for lease is on the third floor of a building at 1910 South Columbus Boulevard.  There is… Read more »

Gallagher Tire Leases 4-Star Industrial Facility Near Philadelphia

Gallagher Tire Inc., a distributor of specialty tires and related products, leased Suburban Management Co.’s 143,092-square-foot warehouse in Parker Ford, Pennsylvania. The single-story facility at 36 Anderson Road comprises 24 loading docks, eight drive-in bays and a 31-foot clear ceiling height. Built in 1998, the 4-Star property spans 16 acres less than 35 miles from Philadelphia International… Read more »