{"id":1004761059,"date":"2025-06-10T01:33:28","date_gmt":"2025-06-10T09:33:28","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004761059"},"modified":"2025-06-10T01:44:35","modified_gmt":"2025-06-10T09:44:35","slug":"portman-delivers-1st-phase-of-330m-philly-area-project","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/portman-delivers-1st-phase-of-330m-philly-area-project\/","title":{"rendered":"Portman Delivers 1st Phase of $330M Philly-Area Project"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure data-wp-context=\"{&quot;imageId&quot;:&quot;6a1c84953b9db&quot;}\" data-wp-interactive=\"core\/image\" class=\"alignright size-full is-resized wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" width=\"1200\" height=\"900\" data-attachment-id=\"1004761062\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/portman-delivers-1st-phase-of-330m-philly-area-project\/trade-center-execution-1\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/06\/Portman_I-76-Trade-Center.jpg\" data-orig-size=\"1200,900\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;2&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;ANAFI Ai&quot;,&quot;caption&quot;:&quot;Trade Center - Execution 1&quot;,&quot;created_timestamp&quot;:&quot;1748779344&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;5.31&quot;,&quot;iso&quot;:&quot;60&quot;,&quot;shutter_speed&quot;:&quot;0.00067199999466538&quot;,&quot;title&quot;:&quot;Trade Center - Execution 1&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Trade Center &#8211; Execution 1\" data-image-description=\"&lt;p&gt;Property at 1130 Pottstown Pike, Exton, Pa.&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;I-76 Trade Center includes Happy Days Park, a greenspace featuring several historic farm structures. Image courtesy of Portman Holdings&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/06\/Portman_I-76-Trade-Center.jpg?w=1024\" data-wp-class--hide=\"state.isContentHidden\" data-wp-class--show=\"state.isContentVisible\" data-wp-init=\"callbacks.setButtonStyles\" data-wp-on-async--click=\"actions.showLightbox\" data-wp-on-async--load=\"callbacks.setButtonStyles\" data-wp-on-async-window--resize=\"callbacks.setButtonStyles\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/06\/Portman_I-76-Trade-Center.jpg\" alt=\"Aerial shot of I-76 Trade Center's phase one, an industrial campus in Exton, Pa.\" class=\"wp-image-1004761062\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/06\/Portman_I-76-Trade-Center.jpg 1200w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/06\/Portman_I-76-Trade-Center.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/06\/Portman_I-76-Trade-Center.jpg?resize=768,576 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/06\/Portman_I-76-Trade-Center.jpg?resize=1024,768 1024w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" \/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\taria-label=\"Enlarge\"\n\t\t\tdata-wp-init=\"callbacks.initTriggerButton\"\n\t\t\tdata-wp-on-async--click=\"actions.showLightbox\"\n\t\t\tdata-wp-style--right=\"state.imageButtonRight\"\n\t\t\tdata-wp-style--top=\"state.imageButtonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><figcaption class=\"wp-element-caption\">I-76 Trade Center includes Happy Days Park, a greenspace featuring several historic farm structures. <em>Image courtesy of Portman Holdings<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>Portman Holdings has wrapped up the construction of a 636,121-square-foot, Class A logistics facility in Exton, Pa., marking the debut of <a href=\"https:\/\/www.commercialsearch.com\/news\/an-in-depth-look-at-portman-industrials-speculative-philly-campus\/\">I-76 Trade Center<\/a>\u2019s first phase. The $330 million industrial project is set to comprise 1.9 million square feet upon completion.<\/p>\n\n\n\n<p>Work kicked off in 2023 after Portman <a href=\"https:\/\/www.commercialsearch.com\/news\/portman-to-build-1-9-msf-philly-area-industrial-project\/\">purchased the land<\/a>. KSS Architects designed the development with Alston serving as the general contractor. Bank OZK issued a $60 million construction note one year later, CommercialEdge shows.<\/p>\n\n\n\n<p>Located at 1130 Pottstown Pike, the building is roughly 37 miles northeast of downtown Philadelphia. The city\u2019s port and airport operate within some 40 miles, while thoroughfares such as Interstate 76 and U.S. Route 30 run about 6 miles away.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ ALSO<\/strong>: <a href=\"https:\/\/www.commercialsearch.com\/news\/naiop-special-report-will-tariffs-tax-cres-industrial-sector\/\">NAIOP Special Report: Will Tariffs Tax CRE\u2019s Industrial Sector?<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p>The facility features a 40-foot clear height, 108 loading docks and four drive-in doors, as well as 146 trailer and 508 car parking spaces. What\u2019s more, a 36-acre public park adjacent to the building will officially open later this week.<\/p>\n\n\n\n<p>Construction is slated to carry on at the I-76 Trade Center project, which sits on 169 acres. Next month, Portman will break ground on the second and final phase, bolstering metro Philadelphia\u2019s industrial pipeline with two facilities encompassing 1.1 million and 154,440 square feet, respectively.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-portman-s-growing-industrial-inventory\">Portman&#8217;s growing industrial inventory<\/h2>\n\n\n\n<p>Portman branched out into the industrial market in 2021 and has grown its footprint in the sector to 8.8 million square feet of delivered, underway or planned product. The company is active in markets such as Boston, New Jersey, Philadelphia, Austin, Texas and Charleston, S.C.<\/p>\n\n\n\n<p>In South Carolina, Portman <a href=\"https:\/\/www.commercialsearch.com\/news\/portman-clar-embark-on-logistics-center-in-charleston\/\">partnered with CapitaLand Ascendas REIT<\/a> to go vertical on the Summerville Logistics Center last year. Completion of the 549,000-square-foot project is expected by the end of the year.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-greater-philadelphia-s-completions-buck-national-trends\">Greater Philadelphia&#8217;s completions buck national trends<\/h2>\n\n\n\n<p>Metro Philadelphia held 8.3 million square feet of industrial space underway as of April, according to a <a href=\"https:\/\/www.commercialsearch.com\/news\/philadelphia-industrial-market-surges-ahead-despite-slower-starts\/\">recent market update<\/a>. The figure represented 1.8 percent of stock, slightly above the national index of 1.7 percent.<\/p>\n\n\n\n<p>The market witnessed the <a href=\"https:\/\/www.commercialsearch.com\/news\/top-markets-for-industrial-deliveries\/\">industrial completion<\/a> of approximately 6.2 million square feet of product during the first four months of 2025, accounting for 1.3 percent of inventory, more than doubling the national figure of 0.5 percent, according to the same source. &nbsp;<\/p>\n\n\n\n<p>Despite strong deliveries, the metro\u2019s industrial vacancy rate stood at 8.1 percent, 10 basis points below the national average, the market update reveals.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The industrial building spans more than 600,000 square feet.<\/p>\n","protected":false},"author":3471,"featured_media":1004761062,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,21748,11,21742,1494],"tags":[51925,41597,40898,33858],"class_list":["post-1004761059","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-industrial","category-midatlantic","category-latest","category-philadelphia","tag-alston-construction","tag-bank-ozk","tag-kss-architects","tag-portman-holdings-llc"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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