PHILADELPHIA — A partnership between Pennrose and the Philadelphia Chinatown Development Corp. (PCDC) has delivered Man An House, a 51-unit affordable seniors housing project in the latter entity’s namesake neighborhood. The site is located within an opportunity zone and formerly housed a parking lot. The five-story building features studio, one- and two-bedroom units that are reserved for renters aged 62 and above and who earn between 20 and 60 percent of the area median income.
DALLAS, PA. — Local investment firm Sordoni Properties has purchased the former Offset Paperback factory in the northeastern Pennsylvania city of Dallas with plans to redevelop the historic industrial building. The sales price was $5.5 million. The 16-acre facility originally opened in 1948. Sordoni’s redevelopment will feature a supermarket, convenience store and restaurant, with fitness and medical uses also in consideration. Jeff Algatt of Colliers represented Sordoni in the transaction.
PITTSBURGH — Barings has provided a $71.8 million loan for the refinancing of The Park at SouthSide Works, a 247-unit apartment building located along the Monongahela River in Pittsburgh. Built in 2024, the seven-story building houses one- and two-bedroom units that, according to Apartments.com, range in size from 551 to 1,473 square feet. Amenities include a pool, courtyard with grilling stations, fitness center with a yoga room and a lounge with games. Jordan Roeschlaub, Nick Scribani, Chris Lozinak and Sam Speciale of Newmark arranged the loan on behalf of the owner, SomeraRoad, a development and investment firm with offices in Nashville and New York City.
SEATTLE — Amazon (NASDAQ: AMZN) plans to invest “at least $20 billion” in future cloud computing and artificial intelligence (AI) innovation campuses in Pennsylvania. The Seattle-based e-commerce giant has identified Salem Township in Luzerne County and Falls Township in Bucks County as the first communities that will host these campuses, with other Pennsylvania communities also under consideration. “I’m proud to announce that we have secured the largest private sector investment in the history of Pennsylvania,” said Pennsylvania Gov. Josh Shapiro. “Pennsylvania is competing again.” Upon completion, the campuses will house data centers with computer servers, data storage drives, networking equipment and other technology infrastructure used for cloud computing capabilities and generative AI. Specific details about the sites and construction timelines were not released. Last week, Amazon made a similar announcement for a $10 billion data center innovation campus in Richmond County, N.C., which followed an $11 billion investment in Georgia that Amazon announced in January. Amazon stated that the Pennsylvania investment will create at least 1,250 new jobs, as well as thousands of jobs in the Amazon Web Services (AWS) data center supply chain. The new jobs will range from data center engineers and network specialists, to engineering operations managers, security …
ASTON, PA. — Delaware-based Emory Hill Construction has completed the renovation of a 26,520-square-foot Goodwill store in Aston, a southwestern suburb of Philadelphia. Big Lots formerly occupied the space, which is located within Village Green Shopping Center. The redesigned layout features a 20,408-square-foot sales floor, a 5,830-square-foot processing area and a 1,209-square-foot mezzanine area that houses an employee breakroom, restrooms, manager’s office and server room.
CARROLL TOWNSHIP, PA. — Trammell Crow Co. (TCC) has broken ground on York County Trade Center, a 376,000-square-foot industrial project in Carroll Township, a southwestern suburb of Harrisburg. The site spans 35 acres, and the building will feature a cross-dock configuration, a clear height of 40 feet, 80 dock doors and 3,600 square feet of office space. Ware Malcomb is the project’s architect, and Conewago Enterprises is the general contractor. KBC Advisors will market the property for lease. Completion is scheduled for April 2026.
MANCHESTER, PA. — Missouri-based NorthPoint Development will build a 1 million-square-foot speculative industrial facility in Manchester, located roughly midway between York and Harrisburg. Designed by studioNorth Architecture with civil engineering work by SitePoint, the building will be the second within Manchester Commerce Park and will feature a clear height of 40 feet, 112 overhead doors, four drive-in doors and parking for 759 cars and 220 trailers. Peak Construction Corp. is the general contractor for the project, construction of which is slated for an early 2026 completion.
WAYNESBORO, PA. — CBRE has negotiates the sale of a 117,951-square-foot shopping center in Waynesboro, located in southern Pennsylvania near the Maryland border. Wayne Heights Mall was 92 percent leased at the time of sale, with German discount grocer Aldi serving as the anchor tenant. Chris Munley, Colin Behr, Ryan Sciullo, Casey Benson Smith, R.J. Mirabile and Michael Pascavis of CBRE brokered the deal. The buyer, seller and sales price were not disclosed.
BRISTOL, PA. — New Jersey-based investment firm Faropoint has purchased a 60,000-square-foot industrial flex building in Bristol, a northeastern suburb of Philadelphia. The building, which sits on a 4.7-acre site within Keystone Industrial Park and offers a clear height of 26 feet, has been occupied by Estee Lauder for 30 years. The seller was undisclosed. Jeff Licht and Jared Licht of NAI Mertz brokered the deal.
CROYDON, PA. — Regional investment firm Greek Real Estate Partners has purchased Everest Logistics Park, a 141,276-square-foot facility in Croydon, a northeastern suburb of Philadelphia. Penwood Real Estate Investment Management sold the asset for $36.7 million. Built on 10 acres in 2023, the facility offers a clear height of 36 feet, 20 tailgate doors, one drive-in door, 3,000 square feet of office space and parking for 260 cars and 31 trailers. Burry Klein and Josh Chesner of Branch Industrial represented Greek Real Estate, which has also executed a full-building lease expansion with the existing tenant, Philadelphia-based PCI Pharma, in the off-market transaction.