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Colliers Concludes New Last Mile Industrial Transaction for Imperium Capital at 2502 Wheatsheaf Lane

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PHILADELPHIA, PA November 3, 2022 – Colliers is pleased to announce a new lease at 2502 Wheatsheaf Lane, a key Philadelphia industrial distribution site offering immediate access to I-95 and under 5 miles to the New Jersey Turnpike.

The industrial team of Tom GolarzMichael GolarzBrad Boone, and Brian McCurdy, worked on behalf of ownership group Imperium Capital. Rich Gorodesky and Adam Gorodesky of Colliers represented the Tenant GSR Global Logistics in the transaction.

2502 Wheatsheaf Lane is a 17,000 square foot truck terminal which sits on 3.98 acres. The building contains 42 dock doors and has recently undergone extensive capital improvements. 2502 Wheatsheaf is located in the Port Richmond section of the City, just off the Aramingo Avenue commercial corridor.

“Industrial outdoor storage space in the Philadelphia market continues to see substantial interest and activity from Tenants and Investors.” shared Tom Golarz of the Colliers listing team. “We received strong interest throughout the marketing process which further cements the strength of the Industrial Outdoor Storage (IOS) market in Philadelphia.”

IG Logistics LLC, Imperium Capital’s industrial platform, is an owner/operator of industrial properties that have a large outdoor storage or transportation component, specializing in acquiring and developing infill assets in high barrier to entry, urban growth markets where demand for logistics real estate is driven by e-commerce.

Imperium’s acquisition of both 2502 Wheatsheaf and its neighbor 2500 Wheatsheaf, and subsequent lease of each (2500 Wheatsheaf leased to H&E Equipment Services earlier this year) represents the successful execution of a strategy focused on last mile facilities that are mission critical to the supply chain.

IG logistics continues to market a third last mile logistics site offering abundant trailer storage capacity at 3200 S. 70th Street, a six (6) door terminal on 4 acres of land with almost immediate access to I-95, the Philadelphia International Airport, and Philadelphia Ports.

Rich Gorodesky and Adam Gorodesky of Colliers represented the Tenant in the transaction.

 
For more information:

Tom Golarz, Senior Vice President
+1 215 928 7577 tom.golarz@colliers.com

Michael Golarz, Executive Vice President 
+1 215 928 7569 michael.golarz@colliers.com

Brad Boone, Senior Vice President
+1 215 928 7510  brad.boone@colliers.com

Brian McCurdy, Senior Vice President
+1 215 928 7549  brian.mccurdy@colliers.com

Richard Gorodesky, Senior Managing Director
+1 215 928 7545  richard.gorodesky@colliers.com

Adam Gorodesky, Senior Associate
+1 215 928 7565  adam.gorodesky@colliers.com

 

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About Colliers International
Colliers (NASDAQ, TSX: CIGI) is a leading diversified professional services and investment management company. With operations in 67 countries, our more than 15,000 enterprising professionals work collaboratively to provide expert advice to real estate occupiers, owners and investors. For more than 25 years, our experienced leadership with significant insider ownership has delivered compound annual investment returns of almost 20% for shareholders. With annualized revenues of $3.0 billion ($3.3 billion including affiliates) and $40 billion of assets under management, we maximize the potential of property and accelerate the success of our clients and our people. Learn more about how we accelerate success at corporate.colliers.com, Twitter @Colliers or LinkedIn.

 

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Tom Golarz

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Since 2017, Tom Golarz has focused on Class A and last-mile industrial opportunities within Greater Philadelphia and Southern New Jersey. His core focus is on the sale of land for development and/or redevelopment to Class A industrial logistics space as well as Landlord/Tenant representation both within the region and nationally. During his time at Colliers, he has been involved in over $500MM in transactions of various types including land, brownfields, sale leasebacks, and Landlord/Tenant representation assignments.

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