Stories from our Region – June 25, 2020

 

PECO: Financial Incentives Helping Businesses Save Now…and Tomorrow.

For businesses in the PECO service area of Greater Philadelphia that are planning for their next energy upgrade or that have recently upgraded equipment, PECO offers a variety of ways for businesses of all sizes to save.

Amazon’s Philadelphia-area Leasing Spree Continues

Amazon.com Inc. has leased a 283,000-square-foot building on 2400 Weccacoe Avenue in South Philadelphia as part of its web of last-mile distribution centers around the region.

JLL Arranges $10.1M Financing for Philadelphia-area Industrial Property

JLL worked on behalf of the borrower to place the loan with Wells Fargo Bank. Located at 100 Friars Blvd., the property is situated on 12.69 acres and is approximately 15 miles from Center City Philadelphia.

Red Solo Cup Manufacturer to Open New Facility in New Castle

The first major tenant of the Delaware City Logistics Center is Dart Container, maker of the ubiquitous red Solo Cup as well as other Styrofoam and plastic food packaging containers and cutlery.

D.C.-area Real Estate Brokerage Enters Philadelphia Market with Eye on Life Sciences

Scheer Partners Inc.’s entry into Philadelphia comes as other commercial real estate firms have bolstered their life science practices, citing continued demand from tenants in the sector looking for space.

Chase ramps back up Philadelphia-area expansion after pandemic-fueled pause

JPMorgan Chase opened 23 local branches in just 15 months before COVID-19 caused it to hit the pause button, but the nation’s largest bank is now ready to ramp back up the expansion plans.