Less than two years after buying a 65,856-square-foot building in Northeast Philadelphia for $4.4 million, Abrams Realty Development has sold it for $9.75 million. The value of the building at 13200 Townsend Road more than doubled, primarily as the result of a new tenant. Earlier this year, Amazon.com Inc. leased the entire structure for one… Read more »
Brandywine Realty Trust is proposing to develop two industrial buildings off of Roosevelt Boulevard in Northeast Philadelphia in a move that veers from its focus on developing and owning trophy office buildings. The Philadelphia real estate investment trust wants to build a 338,208-square-foot structure and a companion 330,700-square-foot structure at 15000 Roosevelt Blvd. on 50… Read more »
When Connor Lord first arrived at the Amazon Fulfillment Center in West Deptford Township, he was staggered by the sheer size of the place. After driving through the traffic light to the north of the warehouse, its massive bulk dwarfed everything else in this stretch of suburban South Jersey. “It’s intimidating at first seeing this… Read more »
With a fresh round of stimulus checks hitting households’ bank accounts, retail spending surging and consumers still gravitating towards online shopping as a means of social distancing, the economic backdrop could hardly be more supportive of the burgeoning distribution sector. Even as the volume of distribution centers under construction has skyrocketed by 70% in the Philadelphia… Read more »
