Bristol Group, Inc., a privately-owned real estate investment and development firm, recently announced plans to build a approximately 261,000-square-foot climate-controlled cargo facility at Philadelphia International Airport (PHL).
The facility, which is designed to accommodate single or multi-tenant occupancy with flexible loading capacity, will be built on a 16.8-acre vacant parcel of land. The location is adjacent to the PHL tarmac and has immediate access to a four-way interchange of Interstate-95 and is less than five miles from the Port of Philadelphia.
The facility will offer cooler and freezer temperatures to accommodate a variety of cargo related to pharmaceuticals, life-sciences, perishable food, and specialized electronics.
“The service area is severely underserved with respect to the availability of modern cold chain logistics warehouse space for both operators and customers,” Dave Williams, Bristol Group managing director, said. “We see this as an important investment in the infrastructure of the global pathway of goods that will increase the throughput capacity and the lifespan of perishable goods traveling throughout the region. We’re also excited about the positive economic impact this project will have on the surrounding Philadelphia area and look forward to continuing to work with PHL to support their growth objectives.”
Construction will be completed in 2025.