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Colliers Concludes New Last Mile Industrial Transaction for Imperium Capital at 2500 Wheatsheaf Lane

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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.”

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. 

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.
 
For more information:

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

Michael Golarz, Senior 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

 

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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

Vice President

Philadelphia

Tom joined Colliers in 2017 within the industrial division. His areas of focus are primarily sourcing and disposition of land/existing, functionally obsolete development opportunities, Landlord/Seller representation, ground-up development, and corporate solutions.

His familiarity with Class-A development, both speculative and Built-to-Suit, allow him to identify potential off-market opportunities while also providing the required analytical market data to verify a projects viability to investors, developers, capital sources, and occupiers/Tenants.

Before joining Colliers, Tom was a sales representative with EM Sullivan Associates where he was the primary contact for all sales and consulting services for his clients.

Tom represented more than 15 companies in the mid-Atlantic region, facilitating and consulting on their specialty chemical raw material needs. He gained new approvals for products within the EM Sullivan portfolio resulting in a total of over one million dollars in new business - an increase of over 40% for the mid-Atlantic territory and, as the lead on four projects, increased sales by over $7 million company wide -  representing a 30% increase.

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Michael Golarz

Executive Vice President | Philadelphia

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Michael has been active in the eastern Pennsylvania industrial market for the past 13 years with a primary focus on the sale and leasing of major industrial projects.  He has assisted in the completion of numerous multi-market transactions while also focusing on land entitlement and development.  His clients include multi-national companies and locally-based, large and mid-sized businesses.

Michael quickly established a strong presence in suburban Philadelphia and eastern Pennsylvania as a top performer.  His analytic study of the industrial markets, including major occupiers, trends, labor and infrastructure, give him a unique ability to satisfy both manufacturing and warehousing client requirements.  

Additionally, his experience and understanding of Class-A industrial development allows Michael to source off-market land opportunities and further assist in the underwriting of these projects for developers considering the projects. 

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Brad Boone

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Brad, a Philadelphia native and resident, is a Senior Vice President within the Industrial Services Group in Colliers International’s Philadelphia office. He specializes in development advisory, agency leasing and sales, and tenant representation. Geographically Brad is primarily focused on the Urban and Suburban Philadelphia marketplace along the I-95 and Pennsylvania Turnpike corridors. He has a significant focus on urban logistics and development advisory, including land sales, ground-up Class A development, value-add redevelopment of Class B assets, and leasing.

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Brian McCurdy

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Brian is a multi-talented commercial real estate broker with 15 years of experience in representing and building relationships with occupier and investor/developer clients across a diverse portfolio of industries and asset types. During his most recent tenure at JLL, Brian co-led JLL’s Philadelphia urban industrial brokerage practice and became the market leader in Philadelphia Class A Industrial Development and   Leasing transactions. Notably Brian held a 48% of market share of Class A industrial development within the City of Philadelphia, marketing over 2.5 MSF of development projects. Brian collaborates to provide integrated solutions to complex projects and has a talent for investment analysis and was broker lead on the first speculative industrial development project in Philadelphia in over 30 years.

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