Lovett Industrial has announced the ground-breaking of the Highway 1 Commerce Center, a new Class-A industrial development in Philadelphia, Pennsylvania, US.
This 176,105ft² facility is designed to meet the high demand for smaller infill industrial products in the region.
Situated on a 14.5-acre site at 11301 East Roosevelt Blvd, the centre will provide direct access to the broader market via Highway 1 and the Interstate 276 (I-276) Turnpike, as well as quick access to I-95.
With a clear height of 36ft, the centre will include 28 dock doors, two drive-ins, 131 car parking spaces, and 25 trailer parks.
The 280ft building depth is tailored to accommodate a diverse range of tenant sizes, with spaces available from less than 75,000ft² to the full 176,105ft².
Lovett Industrial acquired the land for this project in November 2023 and anticipates delivery by the third quarter (Q3) of 2025.
Lovett Industrial Northeast US market leader Ben Swift said: “The demand for small shallow-bay buildings in infill locations continues to be robust, especially in the Philadelphia market.
“The project will provide maximum flexibility for tenants seeking well-located Class-A product. We are excited to bring this much-needed Class-A development to the market.”
Cushman & Wakefield's Jonas Skovdal and Chris Butera will lead marketing and leasing efforts for the site.
BSI Construction, based in Bensalem, Pennsylvania, has been appointed as the general contractor for the Highway 1 Commerce Center.
Furthermore, Cushman & Wakefield’s Debt and Equity team, led by John Alascio, played a role in securing construction financing for the development, provided by First Citizens Bank.
Last month, Lovett Industrial, in partnership with PCCP, commenced construction on a new logistics hub in Garland, Texas, US.
