Facility Expansion: Philadelphia
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PhilaPort Finalizes Purchase of Strategic Parcel of Land
On June 9, PhilaPort announced its acquisition of a 29-acre parcel locally known as the former Philadelphia Produce and Seafood Terminal from PIDC — Philadelphia's public-private economic development corporation. The purchase boosts the port authority’s holdings to 1,016 acres and will be used to support the growth of container operations at Packer Avenue Marine Terminal (PAMT).
"As we densify and increase container capacity at PAMT, we needed more land to grow," said PhilaPort CEO Jeff Theobald. "This land, located less than a half mile from PAMT, allows us to enact a major component in our plan. It enables us to relocate warehousing adjacent to our main container operations."
This new land will directly augment the $300 million Port Development Plan espoused by Pennsylvania Gov. Tom Wolf and PhilaPort’s board and management.
"We are excited to support the continued expansion of PhilaPort with the sale of this strategic parcel," said John Grady, president of PIDC. "With its strategic location, growing port, deep pool of skilled labor, and direct access to a large customer base in the northeast United States, Philadelphia is poised for even greater investment, development and job growth as a center for logistics, transportation, and distribution."
On June 9, PhilaPort announced its acquisition of a 29-acre parcel locally known as the former Philadelphia Produce and Seafood Terminal from PIDC — Philadelphia's public-private economic development corporation. The purchase boosts the port authority’s holdings to 1,016 acres and will be used to support the growth of container operations at Packer Avenue Marine Terminal (PAMT).
"As we densify and increase container capacity at PAMT, we needed more land to grow," said PhilaPort CEO Jeff Theobald. "This land, located less than a half mile from PAMT, allows us to enact a major component in our plan. It enables us to relocate warehousing adjacent to our main container operations."
This new land will directly augment the $300 million Port Development Plan espoused by Pennsylvania Gov. Tom Wolf and PhilaPort’s board and management.
"We are excited to support the continued expansion of PhilaPort with the sale of this strategic parcel," said John Grady, president of PIDC. "With its strategic location, growing port, deep pool of skilled labor, and direct access to a large customer base in the northeast United States, Philadelphia is poised for even greater investment, development and job growth as a center for logistics, transportation, and distribution."
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