Philadelphia Logistics Center
In October 2018, PIDC sold a parcel in our Byberry East Industrial Park to Transwestern Development Company which, along with AEW Capital Management, proposed to build the Philadelphia Logistics Center, a 207,500 SF speculative distribution facility and the first speculative distribution investment in modern Philadelphia history. The site, located at 3025 Meeting House Road, is a strategic location with ideal access to key mid-Atlantic locations via a total of seven highway entrances within 10 miles. It features 36-foot clear ceiling heights, and 50 x 54 column spacing allowing for efficient space utilization or subdivision. Property features also include 242 parking spaces for cars and 56 for trailer storage. Less than 1-year later, the Transwestern Development Company project is complete and now leasing.
First Independence Logistics Center
In July 2019, First Industrial Realty Trust purchased a site from PIDC to construct First Independence Logistics Center—a 100,167 SF speculative distribution center at 2021 Woodhaven Road. First Independence Logistics Center is located in close proximity to Rt. 1, I-276, and I-95. It will include 75 car parking spaces, 16 trailer parking spaces, and a truck court along with 16 loading docks. Construction is expected to be completed in the 1st quarter of 2020 and will add another quality building to the Philadelphia market.