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 Golarz, Michael Golarz, Brad 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.
About Colliers International
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