6300 Bristol
A 148,000 sf warehouse near the intersection of I-95 and I-276 in suburban Philadelphia.
About the Property
In December 2019, Alliance acquired this 148,000-square-foot, class B industrial building in an “A” location near the intersection of I-95 and I-276 approximately 25 miles from Philadelphia. At the time of closing, the Property was 100% leased until March 2024 at a below-market rent to a single tenant. As the tenant’s credit was poor, Alliance underwrote the property assuming a potential tenant default. The tenant did in fact vacate shortly after closing, providing an opportunity for Alliance to complete some deferred maintenance and cosmetic improvements and re-lease the space at a market rent. In November 2020, Alliance entered into a long-term lease with an investment-grade, Fortune 100 e-commerce company for 100% of the property.
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The Philadelphia Inquirer
Philly housing agency sells airport-area industrial site to Frankford Arsenal owner Alliance HSPJanuary 29, 2021
Philadelphia Inquirer
Oat milk brand Oatly chooses Philly site for North American product development labsJuly 10, 2020
Philadelphia Inquirer
Roxborough warehouse offered rent-free for virus response before beginning new life as craft breweryMarch 30, 2020
Philadelphia Business Journal
Apartment complex at former Destination Maternity site to break groundApril 3, 2019
Philadelphia Business Journal
Nearly 1M square feet of industrial space slated for Eddystone on old Foamex siteMarch 22, 2019