{"id":1004232226,"date":"2018-05-28T23:33:57","date_gmt":"2018-05-29T07:33:57","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004232226"},"modified":"2022-12-08T23:38:33","modified_gmt":"2022-12-09T07:38:33","slug":"cabot-properties-picks-up-16m-philly-area-warehouse","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/cabot-properties-picks-up-16m-philly-area-warehouse\/","title":{"rendered":"Cabot Properties Picks Up $16M Philly-Area Warehouse"},"content":{"rendered":"<p>By Tudor Scolca<\/p>\n<div id=\"attachment_1004232228\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/444-E-North-Lane.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004232228\" data-attachment-id=\"1004232228\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/cabot-properties-picks-up-16m-philly-area-warehouse\/444-e-north-lane\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/444-E-North-Lane.jpg\" data-orig-size=\"640,512\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"444 E North Lane\" data-image-description=\"&lt;p&gt;444 E. North Lane&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;444 E. North Lane&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/444-E-North-Lane.jpg?w=640\" class=\"wp-image-1004232228 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/444-E-North-Lane.jpg\" alt=\"444 E. North Lane\" width=\"300\" height=\"240\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/444-E-North-Lane.jpg 640w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/444-E-North-Lane.jpg?resize=300,240 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004232228\" class=\"wp-caption-text\">444 E. North Lane<\/p><\/div>\n<p>Cabot Properties has acquired a 174,400-square-foot warehouse facility in Conshohocken, Pa. The asset traded for $16.4 million. According to Yardi Matrix, the previous owner was Redbadge, a King of Prussia-based investment company.<\/p>\n<p>The property is located at 444 E. North Lane and includes an urban infill location. The warehouse allows for immediate access to interstates 76, 476 and the Pennsylvania Turnpike. David\u2019s Bridal currently occupies the entire warehouse under a long-term lease. Constructed in 1974, the building features 20-foot clear heights, 18 loading doors, insulated ceilings and HVAC units.<\/p>\n<p>A JLL team comprised of Executive Vice Presidents John Plower\u00a0and Chad Orcutt, Managing Director James Galbally, Senior Vice President Brett Grifo and Vice President Colin Behr arranged the transaction.<\/p>\n<p>\u201c<em>The competitive advantages of 444 E. North Lane are clear, including a highly desirable urban infill location that is difficult and costly to replicate. Functional, infill product near a dense population is in high demand for industrial investors and JLL was excited to connect Cabot Properties with a facility that offered this advantage,<\/em>\u201d said Plower in a prepared statement.<\/p>\n<p>The current transaction comes on the heels of a <a href=\"https:\/\/www.commercialsearch.com\/news\/blackstone-snags-industrial-portfolio-for-1-8b\/\">$1.4 billion deal<\/a> in which Cabot Properties divested its Cabot Industrial Fund IV to Blackstone REIT. The purchase added approximately 22 million square feet of last-mile infill warehouse and distribution facilities to Blackstone&#8217;s holdings.<\/p>\n<p><em>Image courtesy of Yardi Matrix<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The roughly 174,000-square-foot warehouse is currently fully occupied by a single tenant and includes an urban infill site. The location allows for immediate access to three interstates.<\/p>\n","protected":false},"author":1284,"featured_media":1004232228,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21748,21783,21742,10,1494],"tags":[33920,32796,33129],"class_list":["post-1004232226","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-industrial","category-investment","category-latest","category-northeast","category-philadelphia","tag-cabot-properties","tag-jll","tag-the-blackstone-group"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Cabot Properties Picks Up $16M Philly-Area Warehouse - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/cabot-properties-picks-up-16m-philly-area-warehouse\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cabot Properties Picks Up $16M Philly-Area Warehouse\" \/>\n<meta property=\"og:description\" content=\"The roughly 174,000-square-foot warehouse is currently fully occupied by a single tenant and includes an urban infill site. The location allows for immediate access to three interstates.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/cabot-properties-picks-up-16m-philly-area-warehouse\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2018-05-29T07:33:57+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T07:38:33+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/444-E-North-Lane.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"640\" \/>\n\t<meta property=\"og:image:height\" content=\"512\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Tudor Scolca\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/cabot-properties-picks-up-16m-philly-area-warehouse\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/cabot-properties-picks-up-16m-philly-area-warehouse\/\",\"name\":\"Cabot Properties Picks Up $16M Philly-Area Warehouse - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/cabot-properties-picks-up-16m-philly-area-warehouse\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/cabot-properties-picks-up-16m-philly-area-warehouse\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/444-E-North-Lane.jpg\",\"datePublished\":\"2018-05-29T07:33:57+00:00\",\"dateModified\":\"2022-12-09T07:38:33+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/daae3daa7b99fdfb75a85cb3cd92a26d\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/cabot-properties-picks-up-16m-philly-area-warehouse\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/cabot-properties-picks-up-16m-philly-area-warehouse\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/cabot-properties-picks-up-16m-philly-area-warehouse\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/444-E-North-Lane.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/444-E-North-Lane.jpg\",\"width\":640,\"height\":512,\"caption\":\"444 E. North Lane\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/cabot-properties-picks-up-16m-philly-area-warehouse\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Cabot Properties Picks Up $16M Philly-Area Warehouse\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/daae3daa7b99fdfb75a85cb3cd92a26d\",\"name\":\"Tudor Scolca\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/TudorScolca_AuthorBio.jpg?w=96\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/TudorScolca_AuthorBio.jpg?w=96\",\"caption\":\"Tudor Scolca\"},\"description\":\"Tudor Scolca-Seu\u0219an is an Associate Editor with Commercial Property Executive and Multi-Housing News. He joined CPE and MHN in 2017 and is passionate about doing research for the two publications. He is responsible for data center and industrial coverage on CPE, writing seasonal metro reports on multifamily, interviews and features, as well as occasionally editing news stories.\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/tudor-scolca\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Cabot Properties Picks Up $16M Philly-Area Warehouse - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/cabot-properties-picks-up-16m-philly-area-warehouse\/","og_locale":"en_US","og_type":"article","og_title":"Cabot Properties Picks Up $16M Philly-Area Warehouse","og_description":"The roughly 174,000-square-foot warehouse is currently fully occupied by a single tenant and includes an urban infill site. The location allows for immediate access to three interstates.","og_url":"https:\/\/www.commercialsearch.com\/news\/cabot-properties-picks-up-16m-philly-area-warehouse\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2018-05-29T07:33:57+00:00","article_modified_time":"2022-12-09T07:38:33+00:00","og_image":[{"width":640,"height":512,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/444-E-North-Lane.jpg","type":"image\/jpeg"}],"author":"Tudor Scolca","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/cabot-properties-picks-up-16m-philly-area-warehouse\/","url":"https:\/\/www.commercialsearch.com\/news\/cabot-properties-picks-up-16m-philly-area-warehouse\/","name":"Cabot Properties Picks Up $16M Philly-Area Warehouse - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/cabot-properties-picks-up-16m-philly-area-warehouse\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/cabot-properties-picks-up-16m-philly-area-warehouse\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/444-E-North-Lane.jpg","datePublished":"2018-05-29T07:33:57+00:00","dateModified":"2022-12-09T07:38:33+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/daae3daa7b99fdfb75a85cb3cd92a26d"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/cabot-properties-picks-up-16m-philly-area-warehouse\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/cabot-properties-picks-up-16m-philly-area-warehouse\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/cabot-properties-picks-up-16m-philly-area-warehouse\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/444-E-North-Lane.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/444-E-North-Lane.jpg","width":640,"height":512,"caption":"444 E. North Lane"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/cabot-properties-picks-up-16m-philly-area-warehouse\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Cabot Properties Picks Up $16M Philly-Area Warehouse"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/daae3daa7b99fdfb75a85cb3cd92a26d","name":"Tudor Scolca","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/TudorScolca_AuthorBio.jpg?w=96","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/TudorScolca_AuthorBio.jpg?w=96","caption":"Tudor Scolca"},"description":"Tudor Scolca-Seu\u0219an is an Associate Editor with Commercial Property Executive and Multi-Housing News. He joined CPE and MHN in 2017 and is passionate about doing research for the two publications. He is responsible for data center and industrial coverage on CPE, writing seasonal metro reports on multifamily, interviews and features, as well as occasionally editing news stories.","url":"https:\/\/www.commercialsearch.com\/news\/author\/tudor-scolca\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/444-E-North-Lane.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004232226","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/1284"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004232226"}],"version-history":[{"count":4,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004232226\/revisions"}],"predecessor-version":[{"id":1004232302,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004232226\/revisions\/1004232302"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004232228"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004232226"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004232226"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004232226"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}