Amazon Inc. has wrapped up a lease on a 235,240-square-foot warehouse in Bensalem that it had been working on for several months and is hashing out another deal to occupy a building in Northeast Philadelphia, sources tell the Philadelphia Business Journal.
The lease in Bensalem and prospective lease on a 207,500-square-foot building at 3025 Meetinghouse Rd. in Philadelphia continues Amazon’s strategy of locking in last-mile delivery locations and creating a ring of distribution sites around the region.
The deals are also both at buildings that were developed on speculation — with no tenants lined up — underscoring the demand for warehouse-distribution centers and the calculated risk some real estate companies are taking that demand will continue.
Breaking news and the stories that matter to your neighborhood.