PHILADLEPHIA, PA DECEMBER 26, 2021 — The Colliers industrial team of Tom Golarz, Michael Golarz, Brad Boone, and Brian McCurdy, on behalf of ownership group Imperium Capital, is pleased to announce a new lease at 2500 Wheatsheaf Lane, a key Philadelphia industrial distribution site offering immediate access to I-95 and under 5 miles distance to the New Jersey Turnpike.
H&E Equipment Services, represented by Patrick Lafferty of Lee & Associates, signed a 10-year lease for the 15,400 square foot truck repair facility on 2.73 acres. As one of the largest earthmoving and construction equipment rental companies in the nation, with over 103 locations across the U.S., the firm sought to secure the location as part of its expansion into the Northeast.
2500 Wheatsheaf is located in the Port Richmond section of the City, just off the Aramingo Avenue commercial corridor, situated behind the popular Shoprite, Home Depot and Aramingo Target shopping centers of the area.
Colliers is actively marketing a second adjacent portion of the site, a truck terminal with 40 tailgate loading docks at 2470 Wheatsheaf, to Tenants now. 2470 Wheatsheaf is currently undergoing extensive improvements and will be ready for occupancy in Q1 of 2022.
“We have seen incredible activity and interest for well-situated industrial space in the Philadelphia metropolitan market.” Offered Tom Golarz of the Colliers listing team. “Properties which offer abundant outdoor storage space are becoming increasingly rare and 2500 & 2470 Wheatsheaf Lane are unique in the market.”
Their acquisition of both 2500 and 2470 Wheatsheaf, and subsequent lease to H&E Equipment Services, represents the successful execution of a strategy focused on last mile facilities that are mission critical to the supply chain.
“The demand for this rare last-mile facility was robust,” shared Dan Glaser of Imperium Capital. “We are excited to have H&E as a long-term tenant as they expand their footprint into the Philadelphia market.”
For details on 2470 Wheatsheaf, view the project brochure here.
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