Posts Tagged: Philadelphia

Wharton Equity Partners pays $22.5M for industrial building in Croydon

Wharton Equity Partners has acquired a 200,000-square-foot industrial building in Croydon for $22.5 million and plans a series of upgrades to the property that has been owned and occupied by the same company for nearly three decades.  Mid-Atlantic Distribution, a third-party logistics company headquartered in Pennsauken, New Jersey, sold the building at 2955 State Road… Read more »

Giant Opens New E-Commerce Fulfillment Center in Philadelphia

The Giant Co. has opened a new Giant Direct e-commerce fulfillment center at 3501 Island Ave. in Philadelphia. The facility is set to serve more customers in Philadelphia and, for the first time in its 98-year history, in southern New Jersey. The 124,000-square-foot facility features state-of-the-art technology, such as robotics, machine learning and vertical integration, according to… Read more »

The Top 10 Markets for Investing in Industrial Properties

While many office towers and shopping centers are facing record-high vacancies resulting from the pandemic, a nationwide shortage of industrial space is taking hold across the country, according to data from CoStar, the parent company and publisher of LoopNet. Industrial properties have emerged as a premier asset class with the surge in online shopping; e-commerce… Read more »

Giant Co. opens automated fulfillment center outfitted with 69 robots in Philadelphia

Giant Co. has opened a 124,000-square-foot automated fulfillment center in the Eastwick section of Philadelphia and will use it as a test pilot for future facilities.  Giant’s parent company, Ahold Delhaize, is exploring adding similar e-commerce distribution centers across its brands and will monitor the Philadelphia operation for areas that might need adjustment. Regardless of… Read more »

Philabundance leases 130,000-square-foot Roxborough building after Boston brewery backs out

Philabundance, a nonprofit working against food insecurity across the region, has leased a 130,000-square-foot building in the Roxborough neighborhood of Philadelphia that will double its food distribution network. The nonprofit signed a deal at 401-415 Domino Lane, a building that had been used by Penn Beer Distributors and where Night Shift Brewing, a Boston-based craft… Read more »

Target leases 331,428-square-foot Upper Merion warehouse built on spec

Target Corp. has leased a 331,428-square-foot warehouse-distribution center in Upper Merion that was built on speculation, according to township officials.  Novaya Foxfield Industrial, an affiliate of Boston-based Novaya Real Estate Ventures, is building the structure at 900 River Road. The project is expected to be completed by the end of the year. Target (NYSE: TGT)… Read more »