Crow Holdings expands Philadelphia industrial footprint with new 103,500 s/f class A warehouse

Oline Construction, BL Companies & M+H Architects partner on new development

PHILADELPHIA, PA — Crow Holdings Development (CHD) continues to expand its Philadelphia footprint with the August acquisition of 2748 Grant Ave. from James D. Morrissey Inc. Construction of a 103,500 s/f, class A warehouse/distribution center will begin this fall at the fully approved site.

JLL’s Kyle Lockard and Jeff Lockard orchestrated the transaction. Lockard, Lockard and JLL’s Mitch Russell will serve as leasing agents for 2748 Grant Ave.

The one-story structure will feature 32-foot ceiling heights, 32 dock positions, two drive-in doors and parking for 65 vehicles. The property benefits from the City of Philadelphia’s 10-year tax abatement program. Oline Construction, under the direction of its COO Bob Murray, is serving as the development’s general contractor. Other key partners include BL Companies and M+H Architects.

“With a lack of other like-size, class A facilities in the City of Philadelphia, we anticipate high demand for this new opportunity at 2748 Grant Avenue,” said Johanna Chervak, CHD vice president. “This building is exactly what the market is calling for, and we are excited to work with the talented development team that will bring it from concept to completion.”

CHD’s regional portfolio includes another Grant Avenue property, occupied by Amazon, and 14515 McNulty Rd. in northeast Philadelphia. Martin Brower signed a full-building lease for the 147,000 s/f McNulty Road facility; its “spec to suit” construction will be completed this fall.

“Crow Holdings Development is having clear success developing industrial properties in Philadelphia,” said Clark Machemer, senior managing director. “We are pleased to expand our footprint here with the acquisition of 2748 Grant Avenue; with limited new construction starts, this project demonstrates our ability to close on sites and execute developments.”

Directly across the Delaware River in Burlington County, NJ, CHD is putting the finishing touches on the 294,000 s/f Crow Holdings at 6A, 1804 River Rd. in Burlington Township. GMB North America already signed a 156,000 s/f lease at the property, which will house its headquarters and North America distribution operation. Leasing interest remains strong for the balance of the class A building.

Crow Holdings Development’s Northeast regional presence is well established. Its latest project highlights also include the recently completed Crow Holdings at Carteret in Carteret, NJ, with Golden Triangle Logistics Center in Wallkill, NY, under development.