{"id":1004604544,"date":"2022-09-28T21:02:36","date_gmt":"2022-09-29T05:02:36","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004604544"},"modified":"2022-12-08T18:54:16","modified_gmt":"2022-12-09T02:54:16","slug":"first-industrial-inks-full-building-lease-in-philadelphia","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/first-industrial-inks-full-building-lease-in-philadelphia\/","title":{"rendered":"First Industrial Inks Full-Building Lease in Philadelphia"},"content":{"rendered":"
\"\"<\/a>

2801 Red Lion Road. Image courtesy of Colliers<\/p><\/div>\n

International Vitamin Corp.<\/strong> has signed a full-building lease with First Industrial Realty Trust<\/strong> for a 180,171-square-foot industrial facility in Philadelphia. IVC will move into the building in the first quarter of 2023, after the existing tenant, TJX, relocates to a larger facility at 9801 Blue Grass Road<\/a>, just 2 miles from the current location.\u00a0Colliers <\/strong>Senior Managing Director Richard Gorodesky and Senior Associate Adam Gorodesky represented the landlord.<\/p>\n

First Industrial acquired the property in 2005 for $7.1 million, CommercialEdge data shows. Built in 1969 and renovated in 2011, the warehouse at 2801 Red Lion Road is one of the largest single tenant industrial facilities in Philadelphia. The facility features 20- and 26-foot clear heights, 25 dock doors and a truck court, as well as some 13,800 square feet of office space.<\/p>\n

The 10.9-acre property is just off Roosevelt Boulevard, with Northeast Philadelphia Airport 2.5 miles away and 15 miles from downtown Philadelphia. Other industrial facilities in the area include Atkore, Quaker Valley Foods, Veho Philadelphia, Marshalls Distribution Center and United Refrigeration, among others.<\/p>\n

First Industrial Realty Trust\u2019s national industrial portfolio totals roughly 69.8 million square feet across 443 properties. In Philadelphia, the company currently owns 16 facilities, both completed and in various stages of development.<\/p>\n","protected":false},"excerpt":{"rendered":"

International Vitamin Corp. will occupy the facility in the first quarter of 2023. <\/p>\n","protected":false},"author":2829,"featured_media":1004604549,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,21748,21742,10,1494],"tags":[32763,35830,51711],"class_list":["post-1004604544","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-industrial","category-latest","category-northeast","category-philadelphia","tag-colliers-international","tag-first-industrial-realty-trust","tag-international-vitamin-corporation"],"acf":[],"yoast_head":"\nFirst Industrial Inks Full-Building Lease in Philadelphia - CPE<\/title>\n<meta name=\"description\" content=\"International Vitamin Corp. signed a full-building lease with First Industrial Realty Trust for a 180,171-square-foot Philadelphia warehouse.\" \/>\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\/first-industrial-inks-full-building-lease-in-philadelphia\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"First Industrial Inks Full-Building Lease in Philadelphia\" \/>\n<meta property=\"og:description\" content=\"International Vitamin Corp. signed a full-building lease with First Industrial Realty Trust for a 180,171-square-foot Philadelphia warehouse.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/first-industrial-inks-full-building-lease-in-philadelphia\/\" \/>\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=\"2022-09-29T05:02:36+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T02:54:16+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/09\/2801-Red-Lion-Road-e1664363112290.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1116\" \/>\n\t<meta property=\"og:image:height\" content=\"837\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Madalina Pojoga\" \/>\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\/first-industrial-inks-full-building-lease-in-philadelphia\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/first-industrial-inks-full-building-lease-in-philadelphia\/\",\"name\":\"First Industrial Inks Full-Building Lease in Philadelphia - CPE\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/first-industrial-inks-full-building-lease-in-philadelphia\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/first-industrial-inks-full-building-lease-in-philadelphia\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/09\/2801-Red-Lion-Road-e1664363112290.jpg\",\"datePublished\":\"2022-09-29T05:02:36+00:00\",\"dateModified\":\"2022-12-09T02:54:16+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/7ced0369df035c845a1e5d647c62dd7a\"},\"description\":\"International Vitamin Corp. signed a full-building lease with First Industrial Realty Trust for a 180,171-square-foot Philadelphia warehouse.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/first-industrial-inks-full-building-lease-in-philadelphia\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/first-industrial-inks-full-building-lease-in-philadelphia\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/first-industrial-inks-full-building-lease-in-philadelphia\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/09\/2801-Red-Lion-Road-e1664363112290.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/09\/2801-Red-Lion-Road-e1664363112290.jpg\",\"width\":1116,\"height\":837,\"caption\":\"2801 Red Lion Road. 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