INDUSTRIAL LEASES
TOP LEASE: 100 Quality Circle, Harrisburg, PA
Space Leased: 770,000 SF
Deal Type: New Lease
Size: 770,000 SF
Tenant: FedEx Express
Deal Commentary: FedEx Express, a division of FedEx Corporation providing global air and ground parcel delivery and logistics services, leased space at Prologis Park Harrisburg to support distribution operations across the Mid-Atlantic region. The property is owned by Norges Bank Investment Management, a global institutional investor in commercial and industrial real estate.
TOP LEASE: 20 Leo Lane, York, PA
Space Leased: 708,000 SF
Deal Type: New Lease
Size: 708,000 SF
Tenant: Its Logistics
Deal Commentary: ITS Logistics, an Echo Global Logistics company specializing in supply chain management and freight transportation services, signed a full-building lease for First Logistics Center @ I-83 in the top industrial deal of the third quarter for Philadelphia. The firm will establish a major distribution hub serving the Northeast and Mid-Atlantic regions at the facility owned by First Industrial Realty Trust, a national developer and operator of logistics real estate.
TOP LEASE: 67 Route 40, Carneys Point Township, NJ
Space Leased: 530,000 SF
Deal Type: New Lease
Size: 530,000 SF
Tenant: Metropolitan Warehouse & Delivery
Deal Commentary: Metropolitan Warehouse & Delivery, a national provider of white-glove furniture delivery and supply chain services, leased one of two buildings in the new Rockefeller Group Logistics Center @ Carneys Point to expand last-mile distribution capabilities serving the Mid-Atlantic region. The firm is relocating and expanding from its previous location in Perth Amboy, New Jersey. The industrial property is owned by Rockefeller Group, a U.S. developer and investor specializing in large-scale logistics and commercial projects.
TOP LEASE: 12000 Molly Pitcher Highway, Greencastle, PA
Space Leased: 474,258 SF
Deal Type: New Lease
Size: 1,022,356 SF
Tenant: Mako Freight
Deal Commentary: Mako Freight, a regional trucking and freight services provider, continued to expand into the Mid-Atlantic by leasing nearly 500,000 square feet on Molly Pitcher Highway in Greencastle. The full-service warehousing firm currently has over 2 million square feet of warehousing space under lease across locations in the Midwest and Southeast. The industrial property in Greencastle is owned by Matrix Development Group, a private real estate firm specializing in industrial and business park developments in the Northeast corridor.
TOP LEASE: 125 Crossroads Blvd. S, Hazleton, PA
Space Leased: 450,000 SF
Deal Type: New Lease
Size: 450,000 SF
Tenant: B&G Foods
Deal Commentary: B&G Foods, Inc., a U.S. manufacturer and distributor of branded food products such as Green Giant and Ortega, leased a newly developed industrial facility from Mericle Commercial Real Estate Properties in Hazleton to consolidate production and distribution operations within Pennsylvania. Last year, the food manufacturer relocated its corporate headquarters to 8 Sylvan Way in Parsippany, New Jersey.
TOP LEASE: 100 Louis Parkway, Carlisle, PA
Space Leased: 400,596 SF
Deal Type: New Lease
Size: 400,596 SF
Tenant: Hormel Foods
Deal Commentary: Hormel Foods Corp., a multinational food manufacturer known for brands such as Spam and Skippy, leased an entire warehouse in the Carlisle Distribution Center to support the distribution of refrigerated and packaged goods across the Mid-Atlantic region. The property is owned by Prologis, Inc., a global logistics real estate company with extensive industrial holdings in key U.S. distribution markets. Carlisle has emerged as a major logistics and warehousing hub in Central Pennsylvania. Because of its strategic location along the Interstate 81 corridor, near major East Coast markets, dozens of major corporations and third-party logistics companies operate large-scale distribution facilities there, including Giant Food, Amazon and UPS.
TOP LEASE: 1 Philips Drive, Mountain Top, PA
Space Leased: 400,000 SF
Deal Type: Renewal
Size: 400,000 SF
Tenant: Signify
Deal Commentary: Signify, a global manufacturer of connected lighting systems and LED technologies formerly known as Philips Lighting, renewed its full-building lease in the Crestwood Industrial Park to maintain production and distribution operations serving North American markets. The Mountain Top property is owned by Link Logistics Real Estate, a major U.S. industrial platform specializing in warehouse and light manufacturing assets.
TOP LEASE: 861 Nestle Way, Breinigsville, PA
Space Leased: 282,500 SF
Deal Type: Sublease
Size: 822,500 SF
Subtenant: The Boston Beer Company
Deal Commentary: The Boston Beer Company, Inc., producer of brands including Samuel Adams and Truly Hard Seltzer, subleased a large block of industrial space within The Crossings North in Breinigsville to support its brewing and beverage distribution operations. The brewer joined BMS Logistics in the building. The Missouri-based third-party logistics provider specializing in warehousing, contract packaging, and retail display services, subleased 550,000 square feet in the Breinigsville, Pennsylvania, warehouse in the second quarter. The building is owned by Link Logistics, Blackstone’s last-mile industrial real estate operator with a portfolio exceeding 460 million square feet.
TOP LEASE: 201 Elizabeth St., Bordentown, NJ
Space Leased: 275,955 SF
Deal Type: New Lease
Size: 275,955 SF
Tenant: Diversified Rack & Shelving
Deal Commentary: Diversified Rack & Shelving, an industrial storage and material handling specialist specializing in new and used warehouse racking systems and material handling equipment, leased the entire Bordentown Logistics at Exit 7 facility to expand its operations throughout the Mid-Atlantic. The property is owned by Penwood Real Estate Investment Management, a privately held investment firm focused on industrial acquisitions and development in coastal U.S. markets.
TOP LEASE: 900 Richards Run, Burlington, NJ
Space Leased: 249,600 SF
Deal Type: New Lease
Size: 249,600 SF
Tenant: Cirro Logistics
Deal Commentary: After signing one of the largest industrial leases in the fourth quarter of last year for the entire 750,787-square-foot Building 750 at The Crossings in Burlington Township, New Jersey. Cirro Logistics, which provides cross-border and domestic shipping, warehousing and order fulfillment for e-commerce businesses, expanded by signing another lease in the third quarter of this year, to occupy a smaller industrial building at 900 Richards Run in Burlington. That building is owned by High Street Logistics Properties, an investment platform specializing in Class A distribution and logistics feature Class A distribution and logistics facilities across major U.S. transportation hubs.
TOP PROPERTY SALES
TOP SALE: 3 Gateway Blvd., Pedricktown, NJ - Part of Portfolio
Sale Price: $463,854,161 (allocated)*
Sale Date: August 31, 2026
Size: 1,385,956 SF
Buyer: EQT Real Estate, Radnor, PA
Seller: Americold Realty Trust, Atlanta, GA
Deal Commentary: Global cold storage operator Americold Realty Trust carved out a portfolio of temperature-controlled warehouse assets, including sites in Allentown, Pedricktown, Gouldsboro, and Logan Township, that it sold as part of a $1.15 billion U.S. transaction. EQT Real Estate purchased a majority stake through its Active Core Infrastructure fund, establishing a long-term cold storage joint venture with Americold.
*Part of a portfolio sale
TOP SALE: Kessler Institute for Rehabilitation, 92 Brick Road, Marlton, NJ - Part of Portfolio
Sale Price: $176,028,646 (allocated)*
Sale Date: July 1, 2026
Size: 478,626 SF
Buyer: Blue Owl Capital, New York, NY
Seller: Sila Realty Trust, Tampa, FL
Deal Commentary: Healthcare-focused Sila Realty Trust, a net lease real estate investment trust that owned a broad portfolio of 136 medical properties, including facilities in Marlton, Dover, Reading, Mountain Top, and Wyomissing, was taken private by alternative asset manager Blue Owl Capital in a $2.4 billion all‑cash deal, making Sila a private company just two years after it began trading publicly. The transaction underscores how quickly newly formed public REITs with relatively small stock market values can become takeover targets. Sila owned a national portfolio of healthcare real estate, including hospitals, inpatient rehabilitation facilities and other medical properties, focused on net‑lease assets, a structure in which tenants cover most operating costs, supporting steady rent streams and predictable cash flow. Blue Owl has said private capital can unlock value in essential sectors beyond headline-grabbing data centers, and pointed to healthcare as a resilient sector supported by long-term demand.
*Part of a portfolio sale
TOP SALE: 300 and 500 Springbrooke Blvd., Aston, PA
Sale Price: $114,000,000
Sale Date: September 11, 2026
Size: 499,154 SF
Buyer: Cabot Properties, Boston, MA
Seller: Affinius Capital, San Antonio, TX
Deal Commentary: Cabot Properties, a real estate investor and developer long associated with industrial real estate, closed on its third-quarter acquisition of Springbrooke Trade Center, a two-building distribution complex in Aston, Pennsylvania. The buildings are fully leased to two firms, Thayer Distribution and New Hudson Facades. The buildings were originally developed in 2022 by Trammell Crow Co.’s Northeast Metro Business Unit at the 36-acre site about 22 miles southwest of Center City Philadelphia.
TOP SALE: 33 Logistics Park 1610, 1610 Van Buren Road, Easton, PA - Part of Portfolio
Sale Price: $99,968,591 (allocated)*
Sale Date: July 1, 2026
Size: 1,106,442 SF
Buyer: Prologis, San Francisco, CA
Seller: CBRE Investment Management, Los Angeles, CA
Deal Commentary: Global logistics firm Prologis acquired full ownership of 33 Logistics Park as part of a seven‑property industrial portfolio after the REIT bought out the partial ownership interest from CBRE Investment Management for a total sales price of $536 million. The portfolio had been previously owned by Duke Realty and CBRE. Following Prologis’ acquisition of Duke in 2022, Prologis held an approximately 20% interest in the portfolio. In the current transaction, Prologis became the sole owner.
*Part of a portfolio sale
TOP SALE: Building A, 121 High Hill Road, Swedesboro, NJ - Part of Portfolio
Sale Price: Not disclosed*
Sale Date: September 3, 2026
Size: 789,727 SF
Buyer: L&B Realty Advisors, Dallas, TX
Seller: Kadima Industrial Partners and Corebridge Real Estate Investors, New York, NY
Deal Commentary: Dallas-based institutional real estate manager L&B Realty Advisors acquired a New Jersey industrial portfolio, including the Class A facility at 121 High Hill Road in Swedesboro, from joint venture partners Kadima Industrial Partners and Corebridge Real Estate Investors, in a top third-quarter deal. The 20‑property, 11‑site portfolio was 97% leased at closing and represented a strategic value‑add disposition by the sellers. In addition to 121 High Hill Road in Swedesboro, the properties included 4 E. Stow Road in Marlton and 60 Page Road in Clifton.
*Part of a portfolio sale
TOP SALE: 75 E Derry Road, Hershey, PA - Part of Portfolio
Sale Price: $90,000,000*
Sale Date: September 25, 2026
Size: 178,870 SF
Buyer: Essential Properties Realty Trust, Princeton, NJ
Seller: Family Practice Centers, Selinsgrove, PA
Deal Commentary: Essential Properties Realty Trust acquired a medical-office property in Loysville through a sale-leaseback, expanding its healthcare-focused net lease holdings in a third-quarter deal. The property was part of a 38-building, 415,180-square-foot medical outpatient portfolio across Central Pennsylvania that traded in the third quarter for $90 million. The sale was arranged to help D&C Realty’s physician owner-users unlock liquidity from their collective real estate holdings assembled over several decades. The portfolio stretches from Williamsport and the West Branch Susquehanna Valley south through Selinsgrove, Sunbury, and Lewisburg into the Harrisburg–Hershey corridor and on to York and Lancaster County. It is anchored by the tenant’s 104,942-square-foot headquarters and medical campus in Selinsgrove.
*Part of a portfolio sale
TOP SALE: 1400 Aip Drive, Middletown, PA - Part of Portfolio
Sale Price: $62,960,444 (allocated)*
Sale Date: July 26, 2026
Size: 500,318 SF
Buyer: Ares Management, Los Angeles, CA
Seller: Abu Dhabi Investment Authority, Abu Dhabi , PSP Investments, Montréal, QC and EQT Real Estate, Radnor, PA
Deal Commentary: Ares Management acquired a logistics facility in Middletown in a top third-quarter deal to expand its U.S. industrial real estate portfolio. The Los Angeles-based global investment manager purchased the portfolio from Abu Dhabi Investment Authority, Canada’s PSP Investments and EQT Real Estate, as part of an interest-share sale involving 21 industrial properties in total.
*Part of a portfolio sale
TOP SALE: York Town Center, 2803-2865 Concord Road, York, PA
Sale Price: $50,650,000
Sale Date: August 14, 2026
Size: 247,276 SF
Buyer: U & ME Holdings, Westbury, NY
Seller: High Associates, Lancaster, PA and CBL & Associates Properties, Chattanooga, TN
Deal Commentary: CBL & Associates Properties, and its joint venture partner, High Associates Ltd., sold the York Town Center shopping center to an investment entity named U & ME Holdings in a third-quarter deal valued at $204.79 per square foot. The buyer is believed to be affiliated with a New York-based individual real estate investor. The open-air shopping center was fully leased at the time of sale. Major tenants include Chipotle, Bob’s Discount Furniture, Best Buy, Barnes & Noble, Chili’s Grill & Bar, and LongHorn Steakhouse. Tennessee-based CBL & Associates Properties sold the retail center as part of its capital recycling strategy.
TOP SALE: 500 Virginia Drive, Fort Washington, PA
Sale Price: $50,530,000
Sale Date: August 4, 2026
Size: 325,018 SF
Buyer: Ajax Partners, New York, NY and Westport Capital Partners, Stamford, CT
Seller: Alliance Partners HSP, Bryn Mawr, PA and Axonic Capital and Taconic Partners, New York, NY
Deal Commentary: Ajax Partners and Westport Capital Partners teamed up in the third quarter to acquire a Fort Washington light distribution/flex building as part of their joint investment in value-add and core+ properties. The building was sold by Alliance Partners HSP, LLC, Taconic Partners and Axonic Capital in a deal valued at $155.47 per square foot. The property was converted to a flex building in 1999 and was reported to be 85% at the time of sale to tenants such as Avo Photonics and Honeywell.
TOP SALE: Water Town Square, 751 Horsham Road, Lansdale, PA
Sale Price: $50,000,000
Sale Date: September 14, 2026
Size: 269,018 SF
Buyer: ECHO Realty, Pittsburgh, PA and TPG Global, San Francisco, CA
Seller: The Goldenberg Group, Blue Bell, PA
Deal Commentary: A newly formed joint venture between Echo Realty, a Pittsburgh-based privately held developer, owner and operator of grocery-anchored retail real estate, and global alternative asset manager TPG, closed on its first joint-property purchase in the third quarter, acquiring Water Tower Square, a 269,018-square-foot grocery-anchored shopping center in the northern Philadelphia suburbs. The fully leased shopping center traded for $50 million, or $185.86 per square foot. Built in 1993, Water Tower Square is located near Montgomery Township’s ‘5 Points’ intersection, a retail hub close to the suburban area’s dense residential population. The center is anchored by The Home Depot and Sprouts Farmers Market and includes a lineup of national and regional tenants, including Planet Fitness, Flagship Cinemas, Bob’s Discount Furniture, World Market and Miller’s Ale House.
TOP OFFICE LEASES
TOP LEASE: Ellis Preserve, 3805 West Chester Pike, Newtown Square, PA
Space Leased: 109,209 SF
Deal Type: New Lease
Size: 240,000 SF
Tenant: Sunoco
Deal Commentary: After relocating to the Ellis Preserve office complex in Newtown Square in 2021, global energy firm Sunoco renewed its lease in a top third-quarter deal. The Equus Capital-owned office property is part of Ellis Preserve, a 218-acre master planned development located near the intersection of Newtown Road and West Chester Pike.
TOP LEASE: University City Science Center, 3440 Market St., Philadelphia, PA
Space Leased: 101,502 SF
Deal Type: Renewal
Size: 130,002 SF
Tenant: University of Pennsylvania
Deal Commentary: The University of Pennsylvania, an Ivy League institution and major employer in Philadelphia, renewed and expanded its office lease at the University City Science Center within uCity Square to maintain administrative and research operations supporting campus innovation initiatives. A joint venture between Chicago-based Ventas and Baltimore-based Wexford Science & Technology has owned the six-story life science building located on Market Street near Drexel University since acquiring it in April 2022 for $46.1 million.
TOP LEASE: 1201 N. Market St., Wilmington, DE
Space Leased: 82,549 SF
Deal Type: Renewal
Size: 441,341 SF
Tenant: Morris, Nichols, Arsht & Tunnell
Deal Commentary: Morris, Nichols, Arsht & Tunnell LLP, a Delaware-based corporate law firm serving national and international clients, renewed its long-term headquarters lease at 1201 N Market St., a 23-story office tower owned by LNR Partners, a commercial real-estate investment and loan-servicing firm specializing in office and mixed-use assets.
TOP LEASE: One uCity Square, 25 N. 38th St., Philadelphia, PA
Space Leased: 64,000 SF
Deal Type: New Lease
Size: 398,000 SF
Tenant: Monell Center
Deal Commentary: Monell Chemical Senses Center, a nonprofit scientific organization specializing in sensory research, leased office and laboratory space at One uCity Square to expand operations within Philadelphia’s science and innovation hub. The property is owned by GIC Real Estate, a global investment firm and Singapore sovereign wealth fund, in partnership with Ventas, a publicly traded real estate investment trust headquartered in Chicago.
TOP LEASE: 2400 Market St., Philadelphia, PA
Space Leased: 62,973 SF
Deal Type: New Lease
Size: 592,000 SF
Tenant: J.P. Morgan Private Bank
Deal Commentary: J.P. Morgan Private Bank, part of JPMorgan Chase & Co., providing wealth management services for high-net-worth clients, struck a deal in the third quarter to relocate the majority of its Philadelphia employees to renovated space at 2400 Market beginning in early 2028, taking the entire fifth floor. Other tenants at the property include food services group Aramark, private membership wellness group Fitler Club and radio and podcast group Audacy. Shortly after landing the lease with JPMorgan, the owner of the nearly 600,000-square-foot office building on the western edge of Philadelphia’s central business district, Lubert-Adler, put the nine-story building on the market. Philadelphia-based Lubert-Adler bought the property with a partner in 2018, transforming the former 312,000-square-foot, four-story Marketplace Design Center into a 592,000-square-foot mixed-use trophy asset.
TOP LEASE: 201 Rouse Blvd., Philadelphia, PA
Space Leased: 60,492 SF
Deal Type: New Lease
Size: 80,656 SF
Tenant: Hanwha Philly Shipyard
Deal Commentary: Hanwha Philly Shipyard, the U.S. affiliate of South Korea’s Hanwha Ocean, specializing in shipbuilding and marine engineering, leased office space at The Navy Yard Corporate Center to house administrative and engineering operations. The office property is owned by Ensemble Investments LLC, a developer specializing in office, life-science, and mixed-use assets within Philadelphia’s Navy Yard district.
TOP LEASE: 1436 Lancaster Ave., Berwyn, PA
Space Leased: 40,762 SF
Deal Type: New Lease
Size: 53,565 SF
Tenant: Berkshire Hathaway Fox & Roach Realtors
Deal Commentary: Berkshire Hathaway Fox & Roach Realtors, a residential real estate brokerage, leased a sizable block of office space at the Bryn Mawr Bank Corp.-owned Daylesford Plaza in Berwyn to relocate and consolidate its regional corporate operations just down the road from its current office about two miles away at 431 W. Lancaster Ave. in Devon. The transition is expected to take place in early 2027. Both buildings are located along the Main Line — an affluent corridor of suburbs west of Philadelphia.
TOP LEASE: 401 Plymouth Road, Plymouth Meeting, PA
Space Leased: 26,058 SF
Deal Type: New Lease
Size: 204,186 SF
Tenant: KenCrest
Deal Commentary: KenCrest, a nonprofit organization providing developmental, behavioral health, and community-based support services across the Mid-Atlantic, leased office space at 401 Plymouth Road to establish its headquarters in Plymouth Meeting. The property is owned by Brandywine Realty Trust, a publicly traded real estate investment trust specializing in office and mixed-use assets throughout major East Coast markets.
TOP LEASE: Eight Tower Bridge, 161 Washington St., Conshohocken, PA
Space Leased: 24,268 SF
Deal Type: New Lease
Size: 349,659 SF
Tenant: Arco Design/Build
Deal Commentary: Arco Design/Build, a division of Arco National Construction that provides turnkey design-build services for commercial and industrial projects, struck a deal in the third quarter to lease space at Eight Tower Bridge in Conshohocken to expand its regional headquarters. The property is owned by A&H Acquisitions Corp., a real estate investment firm, and FLD Group, which bought the 16-story Class A office building for $83.1million, or $239.72 per square foot, last year.
TOP LEASE: 1900 Market St., Philadelphia, PA
Space Leased: 18,262 SF
Deal Type: New Lease
Size: 456,922 SF
Tenant: Pennsylvania Horticultural Society
Deal Commentary: The Pennsylvania Horticultural Society, a nonprofit organization promoting gardening, environmental sustainability, and community improvement programs across the region, leased office space at 1900 Market Street to establish its new headquarters in Center City Philadelphia. The office property is owned by Brandywine Realty Trust, a leading public REIT that owns office and mixed-use developments throughout the Mid-Atlantic.
