Philly Industrial Space

Philly Industrial SpaceWolf Commercial Real Estate specializes in representing a wide range of Philly industrial space for buyers, sellers, tenants and investors.

The team at our Philadelphia commercial real estate brokerage firm is uniquely qualified in all types of industrial space in Philly, from traditional space for warehousing and manufacturing, to industrial flex space for multiple uses under one roof, such as offices, showrooms, warehousing and more. As a leading Philadelphia commercial real estate broker, we offer clients the highest standard of service and unmatched expertise as we partner with them to help them realize their Philly industrial space goals.

Buying Philly Industrial Space

For buyers and tenants looking for new industrial space in Philadelphia, the knowledgeable team at our Philadelphia commercial real estate brokerage firm is experienced in identifying the available industrial space in Philly that is the best match for your specifics needs. We assure that the sale or lease terms of your new Philadelphia industrial space complements your real estate goals, and we’re with you from the beginning of the process to the very end in order to facilitate a smooth transition into your new Philly industrial space. At Wolf Commercial Real Estate, we have the people, the power and the connections to get you the right industrial space in Philadelphia at the right price.

Selling Philly Industrial Space

For owners looking to sell or lease their industrial space in Philly, there is nothing better than the defined marketing process that our Philadelphia commercial real estate specialists developed and then tailor for each property and sub-market. This comprehensive and proven marketing strategy works exceedingly well to match buyers and tenants with available Philadelphia industrial space.

Whether you are looking for new industrial space in Philadelphia, or seeking buyers or tenants for your available Philly industrial space, Wolf Commercial Real Estate is the Philadelphia commercial real estate broker you need to make your commercial real estate goals a reality.

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Spate of sales closes out another record year for Philadelphia industrial market

Two year-end acquisitions of several Northeast Philadelphia properties that totaled $45 million contributed to the region having another record year in industrial sales with $3.24 billion warehouse-distribution properties trading. 

Faropoint picked up two buildings totaling nearly 275,000 square feet. The properties included 327 Chew Ave., a 170,390-square-foot building in the Fox Chase section of Philadelphia, and a 104,500-square-foot building at 1211 Ford Road in the Bridgewater Industrial Park in Bensalem.

Greek Development separately bought six buildings totaling 173,128 square feet on 15 acres. The acquisition adds to Greek’s presence in the area. It bought last June a nearby 305,706-square-foot industrial building at 2121 Wheatsheaf Lane.

*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 websites for a full listing of Philadelphia commercial properties for lease or sale through our Philadelphia commercial real estate brokerage firm.

Amazon-leased warehouse in North Philadelphia sells for over three times the last trading price in 2020

A newly renovated industrial building in North Philadelphia leased by Amazon.com Inc. has been acquired for nearly $28 million, more than three times the amount it sold for in 2020.

Irvine, California-based LBA Realty purchased 700 Ramona Ave. from SBG Real Estate LLC.

The 17.5-acre property is fully leased by Amazon (NASDAQ: AMZN) and includes a 98,652-square-foot warehouse as well as parking for 352 vans needed for same-day delivery of its products. The sale of the building breaks down to $283 per square foot.

At the time of SBG’s purchase of 700 Ramona in April 2020, the property sat vacant and spanned two buildings totaling 330,000 square feet. Amazon signed a lease for the 98,652-square-foot space in 2021 and its parking requirement pushed the developer to forgo renovations to the second building and instead raze it to meet Amazon’s heavy parking requirement.

Amazon’s lease at 700 Ramona once again underscores the impact the online retail giant is having on the value of industrial real estate. Amazon holds a 10-year lease on the property valued at nearly $12 million, according to Lee & Associates of Eastern Pennsylvania, which brokered the recent sale of the building.

*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 websites for a full listing of Philadelphia commercial properties for lease or sale through our Philadelphia commercial real estate brokerage firm.

As development marches northward, COFCO sells North American Street building for $8.75M

COFCO has sold its 64,000-square-foot warehouse that also served as its corporate headquarters and showroom at 2200 N. American St. in the Kensington neighborhood of Philadelphia for $8.75 million. 

The corporate office furnishings dealer bought the building in the fall of 1999 for $1.5 million. Brick Capital Real Estate Development, a Philadelphia developer of multifamily properties, purchased the property that spans an entire block. 

“It was not on the market but after the sixth time I said no, I was given an offer I couldn’t turn down,” said Joan Waters, CEO at COFCO. “To be honest, the neighborhood continues to turn residential and it is no longer just an industrial corridor. It makes me very sad to see what has happened to the area and once we received the unbelievably high offer it just made sense to sell.”

Waters saw the shift coming more than five years ago and it worried her.

*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 websites for a full listing of Philadelphia commercial properties for lease or sale through our Philadelphia commercial real estate brokerage firm.

2021 in Review: A dizzying year for the Greater Philadelphia industrial real estate market

In December 2020, DH Property Holdings bought 67 acres at 5000 Richmond St. in the Bridesburg section of Philadelphia and is now ready to move forward with a $120 million speculative development of two large warehouse-distribution buildings. 

One building will total 348,000 square feet and the other 411,0000 square feet, joining upwards of 15 million square feet of industrial development in various stages in Northeast Philadelphia and nearby neighborhoods. 

“We are strong believers in the urban infill market for logistics distribution facilities,” said Dov Hertz, founder and principal of DH Property. “We think our location at 5000 Richmond is, if not the best, one of the best locations in the market.”

*Article courtesy of Philadelphia Business Journal

For more information about Philly industrial space for sale or lease in Philadelphia and Philadelphia properties for sale or lease, please contact WCRE at 215-799-6900.

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 websites for a full listing of Philadelphia commercial properties for lease or sale through our Philadelphia commercial real estate brokerage firm.

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 in an off-market transaction and signed a short-term lease to remain in the building until mid-2022. 

The Croydon building was part of Wharton’s acquisition this fall of eight properties totaling 450,000 square feet it purchased across the region, including in Reading and South Jersey. “This is a unique opportunity for us to reintroduce a building to the market that has historically been unavailable to the tenant community,” said Nick Aileo of Wharton Equity. 

The real estate company plans to move forward with interior and exterior renovations including repaving the parking lot, new signage, landscaping as well as adding heat and other mechanical upgrades after Mid-Atlantic moves out next year. It has already painted the exterior of the structure. 

*Article courtesy of Philadelphia Business Journal

For more information about Philly industrial space for sale or lease in Philadelphia and Philadelphia properties for sale or lease, please contact WCRE at 215-799-6900.

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 websites for a full listing of Philadelphia commercial properties for lease or sale through our Philadelphia commercial real estate brokerage firm.

EQT Exeter buys King of Prussia industrial building for $7.65M

EQT Exeter has paid $7.65 million for 300 S. Gulph Road, a 43,376-square-foot warehouse in King of Prussia. 

The property was sold by Long Road Associates LP, according to Montgomery County property records. The last time it traded was in 2003 when Long Road bought it for $1.46 million. 

The building, which was developed in the early 1970s, sits on 4.46 acres and is less than a mile from Route 202, the Pennsylvania Turnpike and Schuylkill Expressway. It is occupied by Lansing Building Products. 

Last year, Lansing bought the distribution business of Harvey Building Products, a Waltham, Massachusetts, company that had been the previous occupant of 300 S. Gulph. When the two companies combined, it gave Lansing 113 branches across 35 states and total sales of $1.1 billion in 2019. 

*Article courtesy of Philadelphia Business Journal

For more information about Philly industrial space for sale or lease in Philadelphia and Philadelphia properties for sale or lease, please contact WCRE at 215-799-6900.

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 websites for a full listing of Philadelphia commercial properties for lease or sale through our Philadelphia commercial real estate brokerage firm.

WCRE Completes a +/-240,000 SF Industrial Sale

5460 Pottsville Pike, Leesport, Pennsylvania

WCRE is proud to have represented 141821 Wyomissing, LLC d/b/a Seakeeper in the acquisition of 5460 Pottsville Pike, Leesport, Pennsylvania.

Seakeeper purchased this +/- 240,000 square foot industrial property situated on +/- 25.43 acres from Schneider Electric USA, Inc.

The property is an exceptionally clean manufacturing and assembly operations facility and has over 5,900’ of road frontage on Pottsville Pike, which has an average daily traffic volume of nearly 29,000 vehicles. The property is convenient to I-78 and downtown Reading, thereby providing access to a plentiful labor pool and points throughout the region.

Seakeeper will move its current manufacturing operations from Mohton, Pennsylvania to this new location in Leesport. This newly acquired location will allow Seakeeper to expand in Berks County and keep its existing labor force.

Lee Fein, Senior Vice President at WCRE exclusively represented the buyer in this transaction.

WCRE Completes Flex Sale with Wharton Industrial Partners

WCRE is proud to have represented Wharton Industrial Partners in the acquisition of 19 Creek Parkway in Boothwyn, Pennsylvania.

19 Creek Parkway is an approximately 22,000 square foot flex industrial building situated on 1.8 acres. This well-located warehouse property is fully leased to Flowserv Corp.

19 Creek Parkway provides direct access to Routes 322 and is minutes from I-95 and the Commodore Berry Bridge. This asset is well positioned in a very dynamic and active Delaware Submarket

This is WCRE’s second transaction this year with Wharton Industrial Partners and now Wharton’s holdings total approximately 2 million square feet of quality, in-fill industrial properties in core Greater Philadelphia markets

The sale of this property adds to WCRE’s growing number of successful Industrial transactions in the Southern New Jersey & Philadelphia region.

Sean Kelly, Senior Advisor at WCRE represented the Buyer in this transaction.

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 Giant, which notes it is the first Ahold Delhaize USA company to implement this new fulfillment technology. Within the facility, two space-saving, 3D grids contain totes filled with fresh and non-perishable groceries. When a customer places a Giant Direct order, employees work alongside a team of robots that quickly gather items for bagging. After bagging, the employees place orders into temperature-controlled totes and onto trucks for delivery to customers.

*Article courtesy of CoStar

For more information about Philly industrial space for sale or lease in Philadelphia and Philadelphia properties for sale or lease, please contact WCRE at 215-799-6900.

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 websites for a full listing of Philadelphia commercial properties for lease or sale through our Philadelphia commercial real estate brokerage firm.

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 companies like Amazon are opening new distribution centers at an unprecedented pace. Chasing this swell in leasing and construction activity, international investment companies like Blackstone have made headlines by pouring more capital into the industrial space than ever before.

Based on our analysis, LoopNet identified these 10 markets as offering the most promising opportunities for smaller investors seeking industrial properties:

  1. Inland Empire, California
  2. Salt Lake City
  3. Phoenix
  4. Sacramento, California
  5. Philadelphia
  6. Atlanta
  7. Los Angeles
  8. Memphis, Tennessee
  9. Las Vegas
  10. San Antonio

*Article courtesy of Loopnet

For more information about Philly industrial space for sale or lease in Philadelphia and Philadelphia properties for sale or lease, please contact WCRE at 215-799-6900.

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 websites for a full listing of Philadelphia commercial properties for lease or sale through our Philadelphia commercial real estate brokerage firm.