Friday, May 31, 2013

Select Top Five Philadelphia Industrial Leases Signed in Q1 2013

The select top industrial lease signed during the first quarter of 2013 in the Philadelphia market was at Allen Distribution Building 12 in the Harrisburg Area West Industrial submarket. Allen Distribution represented the landlord in a 258,000-square-foot lease deal. 

Tempur-Pedic renewed its 224,000-square-foot lease at 651 Boulder Dr. in the Lehigh Valley Ind submarket.

Genco leased 204,379 square feet at 61 Green Mountain Rd. in the I-81 Corridor. 

Iron Mountain renewed its 120,137-square-foot lease at the A Complex in Delaware County. 

Jacobson Companies took 106,506 square feet at Bristol Commerce Park - Bldg 1 in Bucks County. 

This trend is compared to the U.S. National Industrial largest lease signings occurring in 2013, which include the 1.12 million-square-foot lease signed by Home Depot at Greenwood Industrial Park in the Atlanta market; the 1 million-square-foot lease signed by in the Stockton/Modesto market; and the 812,000-square-foot renewal by Ozburn-Hessey Logistics in the Indianapolis market.

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