DrinkPAK Leases 1.4M SF Industrial Space From Hilco Redevelopment Partners In Philadelphia

The asset involved in the lease transaction is an industrial property located at 3144 West Passyunk Avenue, Philadelphia, comprising 1,400,000 square feet. This property is part of The Bellwether District, a logistics campus that has been redeveloped from the former Philadelphia Energy Solutions refinery.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: Not specified
• Square Footage: 1,400,000 SF
• Address: 3144 West Passyunk Avenue
• Market: Philadelphia
• Landlord: Roberto Perez - Hilco Redevelopment Partners
• Tenant: Nate Patena - DrinkPAK
• Brokers: Jim Belcher, Nick Pickard, Stephen J. Cook & Mike Spaeder - Newmark

This lease was signed by DrinkPAK, representing a significant industrial deal in Philadelphia's history. The negotiation was facilitated by Newmark, highlighting the potential for regional economic impact and job creation as part of this 1,300-acre logistics campus.