Cabot Properties has acquired Springbrooke Trade Center, a two-building, 483,938-square-foot, class A industrial portfolio in Aston, Pa., within the Greater Philadelphia area.
“This acquisition offered us the opportunity to invest in a newly constructed industrial real estate asset with embedded growth potential in one of the leading industrial markets in the Northeast region,” said Keith Funston, senior director, investments at Cabot Properties. “Securing this property at an attractive basis relative to replacement cost allows us to expand our presence along the strategically critical and supply-constrained Interstate 95 logistics corridor. We expect the property’s modern specifications, strategic infill positioning and excellent transportation connectivity to support healthy tenant demand throughout future leasing cycles and offer multiple avenues for potential value creation.”
Completed in 2022, the Springbrooke Trade Center comprises two buildings located
