By Taylor Collins CoStar Research
Court Street Ventures, a New Jersey real estate firm founded in 2020 by Evan Kleppe, has completed construction on a new 381,200-square-foot, last-mile urban distribution center on the site of the former Crown Cork & Seal manufacturing site in Philadelphia at 956 E. Erie Ave.
Developed as a joint venture between Court Street Ventures and Walton Street Capital, a Chicago-based real estate investment firm, the Crown 95 Logistics Center includes 3.5 acres of secure, off-street parking, 36' clear ceiling heights and parking for 199 cars and 104 trailers located less than 1.5 miles from I-95 within a Keystone Opportunity Zone, offering tax incentives through 2028.
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