Publications

Transactions - JUNE 29, 2020

To read this full article you need to be subscribed to Newsline.

Sign in Sign up for a FREE subscription

Hilco Redevelopment Partners pays $225m for 1,300-acre refinery site in Philadelphia

by Released

Hilco Redevelopment Partners has paid $225.5 million for the 1,300-acre former Philadelphia Energy Solutions (PES) refinery in Southwest Philadelphia. The deal is a giant step toward building an environmentally responsible and economically robust commercial hub in Southwest Philadelphia.

For more than 150 years, the PES refinery stood as a symbol of the Industrial Revolution and helped to grow Philadelphia, with all the attendant environmental concerns that were byproducts of that era. Under new ownership led by HRP, a fresh vision for the industrial site will be realized, resulting in one of the largest and most strategically significant multi-modal logistics hubs in the country that leverages the site’s unparalleled infrastructure and location.

“Our plan is to transform the site into a commercial hub to be shared by dozens of world-class companies that will benefit from Philadelphia’s diverse workforce and strategic location with an environmentally responsible

Forgot your username or password?

We use cookies and other tracking technologies to personalize your user experience on our site and perform site analytics. By clicking on “I accept”, you consent to our Privacy Policy.