December 4, 2018 [Philadelphia, PA] – Colliers client NorthPoint Development plans to spend $57 million to build the Boulevard Logistics Center, 600,000 square feet of high-end warehouse space in Philadelphia. Jacob Adelman of the Philadelphia Inquirer recently featured Northpoint and Colliers in an informative article discussing how developers are responding to the demand for industrial real estate in Philadelphia.
NorthPoint Development to Build 600,000 SF High-End Warehouse Space in Philadelphia
Senior Managing Director | Philadelphia
Richard joined Colliers in 1995 after originally starting in commercial real estate in 1988. He is primarily responsible for the firm's industrial brokerage activity in the City of Philadelphia, but also works with clients throughout the eight-county metropolitan region and throughout the United States.
Drawing on his extensive business experience as a former Chief Financial Officer and venture capitalist, Richard is well established in the Philadelphia business community. He has frequently been invited to present in front of the Philadelphia City Council, concerning the attraction and retention of industrial business in the city, and continues to maintain strong relationships with numerous public officials, including the Philadelphia Industrial Development Corporation, The Commerce Department and several past and current members of the Philadelphia City Council.
Clients of Richard frequently speak about his professionalism and experience in handling difficult properties and complex transactions.
Richard sold one of the largest industrial properties in the country: The BUDD Company's 2.7 million square foot complex on 75+/- acres. He has also sold the largest industrial land site in Philadelphia (138 acres), twice.
Senior Vice President
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.