Philly Lands Record $1.2B Warehouse Deal
Performance Team Secures Philadelphia Region's Largest Industrial Lease at 995 Taylors Lane Performance Team has secured a significant lease for a 1.2 million square foot industrial space at Box Park Logistics Center. This marks the largest warehouse transaction in the Philadelphia region for 2025. The Maersk subsidiary will occupy the entire facility located at 995 Taylors Lane in Cinnaminson, New Jersey. This strategic decision places Performance Team within nine miles of the Port of Philadelphia. The facility provides excellent access to critical transportation infrastructure. It features 40-foot ceilings, 215 dock doors, and 216 trailer parking spaces, catering to intensive warehouse logistics operations. The affordability gap in single-family housing indirectly influences commercial property interest, echoing trends in multi-family sectors. Brokers Cushman & Wakefield and NAI James E. Hanson facilitated this landmark transaction. This deal signifies a significant change i...