Tuesday, August 4, 2026
Monday, August 3, 2026
Top Commercial Real Estate Leasing & Sales Deals in the Philadelphia Market
Top Industrial Leases
8400 Industrial Blvd. W, Breinigsville, PA
Space Leased: 728,000 SF
Deal Type: New Lease
Size: 728,000 SF
Tenant: Amazon
Deal Commentary: Amazon inked a new full-building industrial lease in a Lehigh Valley distribution hub in a top second-quarter deal to support its fulfillment network. The Boulder Business Center building is one of several in the area developed by Liberty Property Trust, which Prologis acquired in 2020.
Bethel Industrial Center, 9141 Old Route 22, Bethel, PA
Space Leased: 587,100 SF
Deal Type: New Lease
Size: 587,100 SF
Tenant: OnTrac
Deal Commentary: OnTrac, a last-mile delivery provider serving major e-commerce retailers and operating a transcontinental U.S. network, leased the entire Bethel Industrial Center in a top second-quarter deal. Built in 2021, the distribution facility is owned by DWS Group, a Germany-based global asset manager with $31.5 billion in U.S. direct real estate assets.
861 Nestle Way, Breinigsville, PA
Space Leased: 550,000 SF
Deal Type: Sublease
Size: 822,500 SF
Tenant: BMS Logistics
Deal Commentary: BMS Logistics, a Missouri-based third-party logistics provider specializing in warehousing, contract packaging, and retail display services, took a large industrial sublease to expand its supply chain capabilities. The Breinigsville, Pennsylvania, warehouse is owned by Link Logistics, Blackstone's last-mile industrial real estate operator with a portfolio exceeding 460 million square feet across 3,000 properties.
2951 Orthodox St., Philadelphia, PA
Space Leased: 489,000 SF
Deal Type: New Lease
Size: 740,701 SF
Tenant: Mitsubishi Electric Trane US
Deal Commentary: In a clear sign that big-box leasing is picking up around the Philadelphia market, Mitsubishi Electric Trane US, a joint venture between Trane Technologies and Mitsubishi Electric focused on energy-efficient HVAC systems for residential and commercial markets, signed a new industrial lease to support distribution and operations in the Northeast. The recently built (2024) distribution building in Northeast Philadelphia is owned by Kurv Industrial, a privately held real estate firm specializing in Class A industrial development and acquisitions in core U.S. infill markets, with more than 76 million square feet of completed projects valued over $10 billion.
1775 Route 38, Lumberton, NJ
Space Leased: 429,200 SF
Deal Type: New Lease
Size: 429,200 SF
Tenant: Cirro Fulfillment
Deal Commentary: Cirro Fulfillment, a global e-commerce logistics provider with more than 80 fulfillment centers across 30 countries, committed to a full-building lease to expand its East Coast presence in the second quarter. The LogistiCenter at Lumberton was completed in 2024 and is one of two sites in southern New Jersey where it developed a pair of logistics facilities. The Reno, Nevada-based private equity investment and development firm has a portfolio exceeding 89 million square feet nationwide.
4406 Freight St., Camp Hill, PA
Space Leased: 413,867 SF
Deal Type: Renewal
Size: 413,867 SF
Tenant: GXO Logistics
Deal Commentary: GXO Logistics, a global logistics firm that manages outsourced supply chains and provides warehousing and e-commerce fulfillment for major brands, renewed the lease for the 413,867-square-foot warehouse it occupies at 4406 Freight St., also known as Industrial Park Road in Camp Hill, Pennsylvania. The 39-year-old industrial building is owned by HagerPacific Properties, a Newport Beach, California-based investor that specializes in acquiring and repositioning commercial real estate nationwide. The Camp Hill facility is one of several distribution centers GXO operates across central Pennsylvania, with additional locations in Middletown, Mechanicsburg and Carlisle.
8120 Sauerkraut Lane, Alburtis, PA
Space Leased: 338,287 SF
Deal Type: New Lease
Size: 338,287 SF
Tenant: Life Science Logistics
Deal Commentary: Life Science Logistics, a third-party healthcare logistics provider operating over 7 million square feet across 19 U.S. facilities, preleased a new industrial facility under construction in Alburtis, Pennsylvania, to support pharmaceutical and medical device distribution. The new building, expected to be completed in 2027, is owned by Prologis, a logistics real estate investment trust.
100 Capital Lane, Middletown, PA
Space Leased: 321,333 SF
Deal Type: Sublease
Size: 321,333 SF
Subtenant: Boxzooka Fulfillment & Global Ecommerce
Deal Commentary: Boxzooka Fulfillment & Global Ecommerce, a technology-driven third-party logistics provider specializing in direct-to-consumer and B2B e-commerce distribution, extended its sublease within the CBRE Investment Management-owned Capital Logistics Center in the second quarter.
1517 Route 38, Hainesport, NJ
Space Leased: 280,800 SF
Deal Type: New Lease
Size: 280,800 SF
Tenant: GoGoX
Deal Commentary: GoGoX, a Hong Kong-based logistics technology platform offering on-demand and same-day delivery services across Asia, expanded with a full-building lease of Building I in the Hainesport Logistics Center. Building I in Hainesport, New Jersey, was completed in 2025 and is owned by Ares Management LLC, a global alternative investment firm with $644 billion in assets under management. Building II in the complex was also leased in a second-quarter deal by BDK Logistics Intelligence.
905 Wheeler Way, Langhorne, PA
Space Leased: 228,247 SF
Deal Type: Sublease
Size: 228,247 SF
Tenant: Sojo Industries
Deal Commentary: Sojo Industries, a technology company specializing in robotics-driven mobile manufacturing and modular packaging for the food and beverage industry, signed an eight-month sublease for an industrial facility in Langhorne. The Bucks County warehouse features 34’ clear heights, heavy power, dock and drive-in loading, IOS/trailer parking and potential rail service and is owned by the Diane and Guilford Glazer Foundation.
Top property Sales for Philadelphia
Hamburg Commerce Park, Portfolio of 2 Properties
Sale Price: $192,500,000
Sale Date: May 15, 2026
Size: 1,240,013 SF
Buyer: Walmart, Bentonville, AR
Seller: Kiel Group, Bethlehem, PA and The Keith Corporation, Charlotte, NC
Deal Commentary: The nation’s largest retailer, with an expansive e-commerce and distribution operation, acquired a large vacancy distribution center and an adjoining development site in Shoemakersville's Hamburg Commerce Park, in the top sales deal of the second quarter for the Philadelphia region. The two assets were sold by a joint venture between The Keith Corp., a Charlotte-based industrial developer, and Kiel Group, which partnered to deliver large-scale logistics facilities in the region. The existing 1,240,013-square-foot industrial building at 29 Ludwig Court had previously been leased to 3PL logistics company Broadrange Logistics under a 2023 deal.
Tasty Baking Company, 4300 S. 26th St., Philadelphia, PA
Sale Price: $87,000,000
Sale Date: April 17, 2026
Size: 345,500 SF
Buyer: Bridge Net Lease, Arlington, VA
Seller: Prologis, San Francisco, CA
Deal Commentary: The Philadelphia headquarters and central production plant of snack maker Tastykake were offloaded in a second-quarter deal that came as the market's industrial real estate sector began to show signs of a turnaround. San Francisco-based Prologis sold the South Philly facility to an affiliate of Bridge Net Lease, an Arlington, Virginia-based investor specializing in single-tenant net lease assets. The Tastykake transaction "reflected premium pricing for infill industrial assets with strong functional utility, strategic access to regional transportation networks, and long‑term relevance for distribution or manufacturing users," CoStar noted in a recent industrial report.
Interstate Light Industrial Portfolio of 8 Properties
Sale Price: Not disclosed
Sale Date: April 27, 2026
Size: 488,936 SF
Buyer: Speed Bay Warehouse Solutions, Denver, CO
Seller: Berkeley Partners, Oakland, CA and The Seyon Group, Boston, MA
Deal Commentary: Speed Bay Warehouse Solutions, a newly launched Denver-based logistics and warehousing company, acquired a sizable industrial/flex portfolio known as the Interstate Light Industrial Portfolio for an undisclosed price in what was deemed a top second-quarter deal. The portfolio includes a mix of eight single-tenant and multi-tenant properties across the Philadelphia market area, sold by joint venture partners Berkeley Partners, a value-add industrial investor, and The Seyon Group, a Boston-based specialist in industrial real estate. Black Creek founders Evan Zucker and Jimmy Mulvihill launched Speed Bay Warehouse Solutions with $250 million in capital backing from BDT & MSD Partners. The company exclusively focuses on the shallow-bay industrial real estate sector that serves small- to medium-sized businesses with warehouse bays ranging from 5,000 to 25,000 square feet.
SpiriTrust Lutheran Portfolio of 7 Properties
Sale Price: $51,000,000
Sale Date: May 1, 2026
Size: 545,847 SF
Buyer: Concordia Lutheran Ministries, Cabot, PA
Seller: SpiriTrust Lutheran, York, PA
Deal Commentary: Concordia Lutheran Ministries, a nonprofit senior care provider with a multi-state network of retirement living and healthcare services, acquired a seven-property senior living portfolio in a top second-quarter deal and expand its faith-based mission into central Pennsylvania. The senior living properties are expected to serve approximately 1,050 residents, offering a full continuum of care, including independent/retirement living, personal care, memory support and skilled nursing and rehabilitation services.
Rancocas Pointe, 2315 Rancocas Road, Burlington, NJ
Sale Price: Not disclosed
Sale Date: April 17, 2026
Size: 150,011 SF
Buyer: Eminent Capital, Lakewood, NJ
Seller: D.R. Horton, Arlington, TX
Deal Commentary: Eminent Capital, a Lakewood-based multifamily investor, acquired Rancocas Pointe, a recently built 140-unit garden-style rental apartment complex in Burlington, New Jersey, last quarter. The seller, D.R. Horton, a leading U.S. homebuilder, sold the property as part of its merchant builder strategy following construction completion in 2025.
Shops at Crossroads, 3560 Route 611, Bartonsville, PA
Sale Price: $38,750,000
Sale Date: June 29, 2026
Size: 133,717 SF
Buyer: Post Ave Partners, Westbury, NY
Seller: DRA Advisors and KPR Centers, New York, NY
Deal Commentary: Post Ave Partners, a New York-based real estate investment group, acquired the Shops at Crossroads, a grocery-anchored retail center near the interchange of I-80 and Route 33 in Bartonsville, to add to its holdings in the region. In 2023, Post Ave Partners acquired Larkin’s Corner, a 225,214-square-foot, grocery-anchored retail center located in Boothwyn, Pennsylvania.
840 Jamison Corner Road, Middletown, DE
Sale Price: $25,335,000
Sale Date: June 25, 2026
Size: 103 Acres
Buyer: Harvey Hanna & Associates, Wilmington, DE
Seller: EQT Real Estate, Radnor, PA
Deal Commentary: Harvey Hanna & Associates, a Wilmington-based developer specializing in industrial projects, purchased a 103-acre fully entitled development site in Middletown, Delaware, with plans to construct three warehouse buildings ranging from approximately 316,000 square feet to 600,000 square feet.
Wind Gap Plaza, 837 Male Road, Wind Gap, PA
Sale Price: $18,400,000
Sale Date: June 24, 2026
Size: 98,350 SF
Buyer: Marc Underberg Associates, East Norwich, NY
Seller: CenterPoint Properties, Inc, Atlanta, GA
Deal Commentary: Marc Underberg Associates, a privately held real estate investment firm based in New York, purchased the Wind Gap Plaza, a Giant-anchored community shopping center in Northampton County that included an adjoining outparcel at 856 S Broadway ground-leased to Fulton Bank.
Whitehall Plaza, 2001 MacArthur Blvd., Whitehall, PA
Sale Price: $18,000,000
Sale Date: April 20, 2026
Size: 365,071 SF
Buyer: Mishorim Investments, Bnei Brak and Mishorim Gold, Aventura, FL
Seller: Washington Prime Group, Indianapolis, IN
Deal Commentary: Mishorim Investments, an Israel-based firm, and Mishorim Gold, its U.S. partner, jointly acquired the Whitehall Plaza shopping center in Pennsylvania for $18 million in a value-add play. The seller, Washington Prime Group, an Indianapolis-based retail real estate owner, has been repositioning its portfolio of shopping centers across the U.S. Since purchasing the retail center, Mishorim has signed two tenants, Lululand Adventure Park and Forman Mills.
2722 Commerce Way, Philadelphia, PA
Sale Price: $16,400,000
Sale Date: April 2, 2026
Size: 100,000 SF
Buyer: RushOrderTees, Philadelphia, PA
Seller: NorthBridge, Wakefield, MA and Brookfield Asset Management, New York, NY
Deal Commentary: RushOrderTees, a Philadelphia-based custom apparel company that designs and prints six million to eight million shirts a year, purchased a 100,000-square-foot industrial building in Philadelphia's Byberry East Industrial Park in a top second-quarter deal. The distribution building is currently leased to United Natural Foods, under a lease that extends through 2030 but includes an opt-out option in 2027, which is expected to provide near-term occupancy for the new owner, which currently operates its primary printing facility at 2727 Commerce Way. NorthBridge and Brookfield acquired the warehouse in 2020 as part of a four-building portfolio.
Top Office leases recognized for Philadelphia
890 Forty Foot Road, Lansdale, PA
Space Leased: 167,000 SF
Deal Type: New Lease
Size: 167,000 SF
Tenant: Dorman Products
Deal Commentary: Auto part manufacturer Dorman Products struck a deal in the second quarter to relocate its corporate headquarters to the former SKF building on Forty Foot near Tomlinson Road in Towamencin. The converted former Penn Reels factory was once proposed as the site of a business center, then became the first LEED-platinum certified building in the state when it was expanded and reopened in 2010 by the Philadelphia Suburban Development Corp. or PSDC. The office building is part of a mixed-use development with numerous restaurants and retailers, including Planet Fitness, Whole Foods, Starbucks and Chipotle.
3 Executive Campus, Cherry Hill, NJ
Space Leased: 64,601 SF
Deal Type: New Lease
Size: 431,582 SF
Tenant: Camden County
Deal Commentary: Camden County, the governmental body serving Camden County, New Jersey, signed a new 15-year lease at 3 Executive Campus. Located within the Cherry Hill Executive Campus office park, the transaction establishes additional office space for county operations in one of South Jersey's primary suburban office corridors. Built in 1976 and owned by Brooklyn, New York-based Hager Management, the building is one of six in the Cherry Hill Executive Campus. The County becomes the second-largest tenant in the building, joining Lockheed Martin, Lassonde Pappas & Co., CDW Corp., and Prism Career Institute.
The Washington, 510-530 Walnut St., Philadelphia, PA
Space Leased: 34,749 SF
Deal Type: Renewal
Size: 986,960 SF
Tenant: Superior Court of Pennsylvania
Deal Commentary: The Superior Court of Pennsylvania, one of the state’s intermediate appellate courts with offices across Harrisburg, Philadelphia, and Pittsburgh, renewed the lease for its offices in The Washington, a 21-story office tower owned by Keystone Development & Investment, based in the Philadelphia suburb of Conshohocken.
Two Commerce Square, 2001 Market St., Philadelphia, PA
Space Leased: 33,572 SF
Deal Type: New Lease
Size: 953,276 SF
Tenant: HDR
Deal Commentary: HDR, a global architecture and engineering firm with more than 200 offices worldwide, signed a lease in the second quarter to open a new office at Two Commerce Square. The firm will occupy the 7th floor on a short-term basis until its 20,000-square-foot space on the 14th floor is built out. The 41-story office tower in downtown Philadelphia is owned by Brandywine Realty Trust, a publicly traded REIT focused on office-led and mixed-use assets in Philadelphia and Austin core markets.
1080 N. Delaware Ave., Philadelphia, PA
Space Leased: 32,065 SF
Deal Type: New Lease
Size: 132,559 SF
Tenant: All American Homecare Agency
Deal Commentary: Core Realty added All American Homecare Agency as a tenant in its Waterview Corporate Center complex during the second quarter. The tenant is a New York-based provider of home care and fiscal intermediary services under the state’s CDPAP program. It joins AboluteCare and the Children's Crisis Treatment Center as tenants in the building.
250 Cetronia Road, Allentown, PA
Space Leased: 25,654 SF
Deal Type: Renewal
Size: 236,285 SF
Tenant: Surgery Center of Allentown
Deal Commentary: Surgery Center of Allentown renewed the lease for its ambulatory surgical center at the Integrated Health Campus. The medical office property is owned by Hammes, a national developer and investor in healthcare real estate.
480 E. Swedesford Road, Wayne, PA
Space Leased: 17,067 SF
Deal Type: New Lease
Size: 50,244 SF
Tenant: Tammac Financial
Deal Commentary: Tammac Financial Corp., a Pennsylvania-based financial services firm specializing in loans for buying manufactured homes, secured new office space at Valley Forge Office Center to support its operations. The two-building Swedesford Crossing suburban office complex is owned by Balashine Properties, a privately held commercial real estate firm founded by President Garett Shiner.
The Washington, 510-530 Walnut St., Philadelphia, PA
Space Leased: 16,315 SF
Deal Type: Renewal
Size: 986,960 SF
Tenant: Klick Health
Deal Commentary: Klick Health, an independent health marketing agency serving life sciences firms, renewed its office lease in another top second-quarter deal at The Washington in Philadelphia, a landmark, three-building office complex totaling roughly 857,308 square feet owned by Keystone Development & Investment. Originally known as the Penn Mutual Towers / One Washington Square, the office complex overlooks Independence Square and was constructed with sections dating from 1914, 1930 and 1972.
Quaker Crossing, 951-1001 E. Hector St., Conshohocken, PA
Space Leased: 15,195 SF
Deal Type: Renewal
Size: 129,200 SF
Tenant: Burns & McDonnell
Deal Commentary: In another top second-quarter deal, Burns & McDonnell, an employee-owned engineering, architecture, and construction firm with a staff of more than 13,500, renewed the lease for its offices in the Quaker Crossing building in Conshohocken, owned by Buccini/Pollin Group.
Two Liberty Place, 50 S. 16th St., Philadelphia, PA
Space Leased: 15,125 SF
Deal Type: Sublease
Size: 951,454 SF
Subtenant: Planisware USA
Deal Commentary: Planisware USA, a provider of project portfolio management and enterprise planning software, subleased a block of office space during the second quarter at Two Liberty Place in Center City Philadelphia, owned by Coretrust Management
Wednesday, July 29, 2026
One Philadelphia corridor, four troubled office bets
By Mark Heschmeyer CoStar News
This week’s CMBS Notebook looks at an office stress test playing out along Philadelphia's Market Street.
One Philadelphia corridor, four troubled office bets: Four prominent office properties along a four-block stretch of Philadelphia’s Market Street illustrate the ongoing pressure weighing on the sector in the central business district.
The buildings — 1818, 1700, 1500 and 1515 Market St. — sit within Philadelphia’s Market Street West corridor, where vacancy has risen to 24.3% and demand has weakened since the pandemic, according to CoStar analysis. Collectively, the four properties, totaling 3.7 million square feet of office space, back $836.1 million in commercial mortgage-backed debt.
Among them, 1818 Market is facing some of the steepest challenges. The property’s latest appraisal valued the tower at $158 million, down 44% from its $282.1 million valuation when its loan was originated in 2021, according to Morningstar Credit. The 37-story, roughly 1 million-square-foot office building transferred to special servicing in 2023 after the borrower sought a loan modification. The asset has since entered receivership, and servicers are evaluating liquidation options. Market observers, however, say any sale process could wait until nearby Market Street properties are resolved.
A few blocks east, 1700 Market also has seen its value erode, though its workout process appears further along. The building’s latest appraisal was $168 million, 31% below its value at loan origination, according to Morningstar Credit. The 850,000-square-foot office tower and parking garage transferred to special servicing in 2023 ahead of a looming maturity default. A court-appointed receiver has been marketing the property, and servicer commentary suggests a sale could take place before the end of 2026.
Both 1700 Market and 1818 Market are owned by Shorenstein Properties but are being operated by court-appointed receivers, according to CMBS servicer commentary. Shorenstein declined to comment.
Meanwhile, 1500 Market remains tied up in a lengthy foreclosure and sale process. A planned acquisition fell apart when winning bidder CSC Coliving withdrew its $80 million offer, citing concerns about the economics of Philadelphia’s tax-abatement program, according to a report from The Philadelphia Inquirer.
The two-tower, 1.8 million-square-foot complex has been under receivership since 2023 and was just 34.4% occupied as of March 2026, according to CMBS servicer commentary from Keycorp Real Estate Capital Markets. CBRE has served as the court-appointed receiver since May 2023. CBRE did not respond to a request for comment.
The relative bright spot is 1515 Market. The property recently received a loan modification that extended its debt maturity to 2027 and included a $7 million borrower equity contribution, according to Morningstar Credit. Even so, the 502,000-square-foot office building faces headwinds of its own, including Temple University’s planned departure in June 2027.
Building owner Accesso Partners did not respond to a request for comment.
Monday, July 27, 2026
Pair of investment firms team up to acquire fully leased Lehigh Valley industrial building
By Margaret Sutherland
A partnership between Lancaster, Pennsylvania-based Benchmark Real Estate and Regal Ventures, a New York City-based real estate investment manager, acquired an 85,053-square-foot industrial building in Easton, Pennsylvania, that is fully occupied by Human Active Technology, a designer and manufacturer of ergonomic workspace products ranging from customizable workspace furniture and monitor arms to sit-stand workstations and point-of-sale systems.
The building traded for $7 million, or about $82 per square foot, according to Northampton County property records. The deed was recorded on June 8 under the entity RV Kuebler Road LLC. No brokers were reported to be involved in the transaction.
The buyers plan to expand the Lehigh Valley facility at 100 Kuebler Road by 70,000 square feet to accommodate Human Active Technology's plans to bring its distribution processes on-site. The addition would bring the building's total footprint to roughly 155,000 square feet.
The steel-framed building, constructed in 1972 and renovated in 1993, occupies a 12.4-acre parcel in Forks Industrial Park, a master-planned manufacturing and industrial development in Forks Township, located about 18 miles northeast of Allentown, about 75 miles northwest of Philadelphia, and about 75 miles west of Manhattan.
"By recognizing early that HAT's expanding operations had outgrown their existing footprint, we were able to work with HAT’s plans to present a solution to consolidate local, off-site operations and create meaningful value for both the tenant and the asset," said Mike Callahan, managing partner at Benchmark Real Estate, in a statement announcing the building purchase.
"The Lehigh Valley remains a compelling, small-bay industrial market in the Northeast. Demand stays robust, while vacancy in the 20,000-to-100,000-square-foot segment sits below four percent,” added David Lawrence, director of acquisitions at Regal Ventures. “100 Kuebler Road exemplifies the opportunity we target: a committed occupant, a well-located asset, and a clear path to value creation."
Regal Ventures was founded in 2019 by Alex Smith and Joey Cohen, who previously managed the Cohen family real estate portfolio. The firm focuses on necessity-anchored infill retail in dense urban submarkets and small-bay or flex-industrial assets in supply-constrained metropolitan areas. The Easton acquisition marks the partnership's second Pennsylvania industrial deal with Benchmark. In October 2024, the two firms jointly acquired Crownwood Industrial Estates, a three-building, 218,410-square-foot industrial complex with an adjoining development site at 805 North Wilson Avenue in Bristol, about 22 miles northeast of Philadelphia.
Benchmark Real Estate, established in 2018, maintains a mid-Atlantic investment portfolio spanning industrial, healthcare, senior living and multifamily assets. The firm is an affiliate of Benchmark Construction Company, a Lancaster-based general contractor founded in 1985 whose recent projects include a 50-acre mixed-use senior living development called Tapestrie in Manheim Township, Lancaster County, and the adaptive reuse of a historic Lancaster building into 22 residential loft units.
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