Strategic East Coast Industrial Distribution Site
Colliers International is pleased to present 11501-601 Roosevelt Boulevard for lease.
The subject properties are located with immediate access and superb visibility to US Route 1 (The Roosevelt Boulevard), with additional access to Caroline Road in the Philadelphia Industrial park.
This prime location is within minutes of I-95 via the Woodhaven Expressway (PA Rt 63) which is a limited access highway leading directly to I-95. The Pennsylvania Turnpike (I-276) is four miles to the north and provides direct access to New Jersey and New York to the east and north; and Harrisburg and Pittsburgh to the west. Major infrastructure improvements are anticipated to be completed in Fall of 2018 which will connect I-276 and I-95. This will allow for improved traffic flow within Philadelphia as well as the greater mid-Atlantic region. 40% of the US Population is within a day's drive of the Subject Property; and is within an hour’s drive of the entire Philadelphia 11-County Metro area, with a population of 6.1 million people.
Situated at the northwestern edge of the Philadelphia Industrial Park, the subject buildings were occupied for over 20 years by the Internal Revenue Service (IRS) as 100% administrative offices. The industrial park is characterized by 1970’s – vintage industrial facilities ranging in size from approximately 50,000 to 200,000 square feet, with a few larger exceptions. The combination of good access to labor, excellent public transportation, numerous nearby amenities, and affordable housing, have made this sub-market an extremely desirable location.
NorthPoint Development has exciting plans for these properties. Originally constructed for the Lippincott Book Company, the 11501 Roosevelt will be completely renovated and offer nearly 32’ ceilings, the highest in this sub-market and most of the entire region, 32’ x 40’ column spacing, heavy power, and ten (10) tailgate loading docks.
11601 Roosevelt will be demolished and in it’s place a new, 465,000 +/- SF Last Mile Distribution Center will be built. This building will offer ceiling heights of 36’, 51 loading docks with potential for another 27, and an oversized on-site trailer storage area. Both buildings were once rail served, and the rail line could be restored again.
The resulting development, The Boulevard Logistics Center, will be the newest, most desirable industrial distribution space in this sub-market.
Building One: Q2 2019 Delivery
10 loading docks
Offices/administrative area to suit
Building Two: Q1 2020 Delivery
51 (+27 future) loading docks
On-site trailer storage
Office to suit
Ideal Location & Access
Boulevard Logistics Center is within minutes of I-95 via the Woodhaven Expressway (PA Rt 63) which is a limited access highway leading directly to I-95. The Pennsylvania Turnpike (I-276) is four miles to the north and provides direct access to New Jersey and New York to the east and north; and Harrisburg and Pittsburgh to the west.
Major Infrastructure Improvements
I-276 and I-95 connections are anticipated to be completed in the Fall of 2018, improving traffic flow within Philadelphia as well as the greater mid-Atlantic region.
NorthPoint Development is a Kansas City based real estate development, management and leasing firm that is principally focused on industrial, multi-family, and senior living markets in the central part of the United States.
Richard Gorodesky, SIOR
About Colliers International
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