By Lauren Diggs CoStar Research
A delivery firm serving e-commerce companies has signed a lease for 148,611 square feet in Philadelphia.
The property at 4501 Richmond St., for which Veho inked the deal in June with a move-in date of Oct. 1, features a one-story distribution center situated within the Bridge Point Industrial Park. Bridge Industrial owns the property, which was built in April.
Bridge Industrial bought the site in 2022 for about $24 million after it was remediated following its use as gas manufacturing site in the 1920s. The property was also used from 1929 to 1982 to make metallurgical coke as part of steelmaking.
Bridge Industrial is a privately owned real estate manager operating in Chicago, Miami, Los Angeles, San Francisco, Seattle and London, as well as New York and New Jersey.
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