Posts Categorized: Philadelphia Industrial space

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,… Read more »

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… Read more »

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 »

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… Read more »

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… Read more »

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… 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 »