Wharton Industrial Expands Philadelphia Footprint
Wharton Industrial continues to expand its Philadelphia-area holdings, buying a pair of fully leased warehouses in Pennsylvania and New Jersey totaling 325,000 square feet.
The properties are at 9130 Griffith Morgan Lane in Pennsauken and 5 East Pointe Drive in the Berks County town of Birdsboro. Both deals involve sale-leasebacks.
The 189,498-square-foot warehouse in Pennsauken was built in 1980 and most recently renovated in 2020, with upgrades including solar panels on the roof and air conditioning to climate control the entire building. New York-based Wharton Industrial acquired the property from Kayco, a national wholesaler and distributor of kosher foods that owns the Manischewitz and Kedem brands. A subsidiary of Kayco will lease back the property. Wharton Industrial declined to disclose the purchase price for the building and the deal has not yet been recorded with Camden County.
*Article courtesy of Philadelphia Business Journal
Wolf Commercial Real Estate, a full-service CORFAC International brokerage and advisory firm, is a premier Philadelphia commercial real estate broker that provides a full range of Philadelphia commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other Philadelphia commercial properties for buyers, tenants, investors and sellers. Please visit our website for a full listing of Philadelphia commercial properties for lease or sale through our Philadelphia commercial real estate brokerage firm.