32 — April 2026 — Southeastern Pennsylvania — M id A tlantic Real Estate Journal
www.marej.com
S outheastern P ennsylvania
Airline Hydraulics Corp. leases 184,611 s/f ind. facility Roddy Inc.’s Olender brokers full building lease in Bristol
Federal Realty opens Blayr at Bala Cynwyd on City Avenue
B
RISTOL, PA — Rod- dy Inc. announced the completion of a lease
transaction on behalf of Airline Hy- draulics Cor- poration. A i r l i n e Hydraulics Corporation, a distributor of fluid power
Blayr Photo credit: Federal Realty
sectors are expected to stabi - lize as construction pipelines contract and demand gradu- ally absorbs recent deliv- eries. Office markets will likely remain challenged, with recovery dependent on sustained tenant expansion and continued inventory re- duction through conversions and redevelopment. Retail fundamentals are ex - pected to remain steady, sup- ported by limited supply and resilient consumer demand, though growth may moder - ate amid broader economic uncertainty. Capital markets should continue to improve incrementally as pricing ex - pectations align and financing conditions stabilize. Overall, the remainder of 2026 is expected to favor disciplined investors and adaptable occupiers, with long-term opportunities con- centrated in high-quality as- sets positioned to benefit from evolving market dynamics. WCRE’s Q1 2026 Market Report delivers critical in- sights into the trends shaping the commercial real estate landscape and serves as a strategic resource for owners, investors, and occupiers navi- gating a market defined by recalibration and opportunity. The full Q1 2026 market report is available upon request. MAREJ over 300 residential units and 190,000 s/f of retail space. “The opening of Blayr marks an important milestone in the transformation of Bala Cynwyd on City Avenue,” said Kari Glinski, Vice President, Asset Management at Federal Realty. “We are focused on creating a walkable, mixed-use environment where residents can live with convenient access to dining, services, and transit, and Blayr brings that vision further to life.” AEI Architects provided ar- chitectural services in partner- ship with Bohler Engineering (civil engineering and permit- ting), Studio39 (landscape ar- chitecture), and MSA Interiors (interior design). MAREJ
approximately $308.7 million ($156/SF), highlighting contin - ued institutional demand for large-scale industrial assets in core logistics corridors. • Philadelphia: A 666,000 s/f office tower traded for $45.5 mil - lion ($68/SF), reflecting ongoing repricing in the office sector and continued investor focus on value-add opportunities. • Northern New Jersey: CoreWeave’s $322 million acquisition of a 281,000 s/f property for data center con- version underscores the grow - ing intersection of industrial and technology driven real estate demand. • New York: Ingka Invest - ments acquired 529 Broadway in Manhattan for $213 million ($4,018/SF), reinforcing global investor appetite for flagship retail assets in pre - mier corridors. • Philadelphia Industrial: EQT Real Estate continued its regional expansion with mul - tiple acquisitions, including a fully leased 610,200 s/f facility in Mansfield, NJ at $232/SF, dem - onstrating sustained demand for modern logistics product. Outlook for The Remainder of 2026: Looking ahead, WCRE an- ticipates a continued period of measured adjustment across regional commercial real estate markets. Industrial BALA CYNWYD, PA – Federal Realty Investment Trust announced the opening of Blayr, a 217-unit residential building at Bala Cynwyd on City Avenue, marking a key milestone in the company’s ongoing redevelopment of the property and City Avenue corridor’s transformation into a mixed-use residential and retail destination. Located at 145 E. City Ave. at the intersection of City Ave.and Belmont Ave., Blayr marks the second residential delivery in Federal Realty’s ongoing redevelopment of the property. With this develop- ment, the total investment in the property now approaches $170M comprising a mix of
3001 Frost Road in Bristol
office space, ceiling heights ranging from 28’ to 32’, 28 tailgate loading docks, and one drive-in door. The facility is situated on 11.88 acres and offers heavy power, allowing for efficient support of both manufacturing and distribu- tion operations for Airline Hydraulics Corporation. Located in Lower Bucks County, the property provides convenient access to Rte. 1, I-95, and the Pennsylvania Turnpike, offering connectiv- ity throughout the Greater Philadelphia region and the broader Mid-Atlantic region.
Robert Olender of Roddy Inc. represented the tenant in the transaction. Ownership, EQT Real Estate , was repre - sented in-house by Eli Gur- witz and Tillman Rouse . Robert Olender said, “This transaction highlights the continued demand for large- scale, functional industrial fa- cilities within the Philadelphia metro area. Airline Hydraulics Corporation’s expansion into this full-building opportu- nity reflects both their growth trajectory and the strategic importance of the location to their operations.” MAREJ
products and engineered sys- tems, has leased the entire 184,611 s/f industrial facility located at 3001 Frost Rd. in Bristol. The transaction repre- sents a significant expansion of Airline Hydraulics Corpora- tion’s existing operations and will accommodate the com - pany’s continued growth while contributing to enhanced op- erational efficiency. When fully functional this expansion will add 120 jobs to the area. The modern one story fa- cility features 14,760 s/f of Robert Olender
Industrial Investments, Inc. completes 12,250 s/f in Southeastern Pennsylvania lease transactions
continued from page 7 WCRE First Quarter 2026 Report
GREATER PHILADEL- PHIA REGION, PA — In- dustrial Investments, Inc.
highlights its recent leases in the Great- er Philadel- phia region: Oasis Wine and Spir- its, LLC has signed a long- term lease re-
John A. Bown, III
3103 Phoenixville Pike in Malvern
newal and expansion at 3103 Phoenixville Pike in Malvern. As part of the agreement, Oasis Wine and Spirits expanded its footprint by 11,250 s/f, bring - ing its total occupancy at the property to 22,500 s/f. The newly combined space will include 3,750 s/f of office, two tailgate loading doors, one drive-in door, and clear ceiling heights ranging from 18 to 25 feet, providing a flexible and efficient facility to support the company’s growing operations. “We are pleased that Oasis Wine and Spirits has chosen to renew and expand their presence at 3103 Phoenixville Pike,” said John A. Bown, III , partner at Industrial Invest- ments, Inc. “Their continued growth at the property reflects the strength of the location and the functionality of the building for distribution-oriented users.” Industrial Investments, Inc.
421 Pike Rd. in Huntingdon Valley.
was represented in-house by Bown, III. In a second transaction, One House at a Time (OHAAT) has signed a new long-term lease for 11,300 s/f at 421 Pike Rd. in Huntingdon Valley. The lease marking a return for the ten- ant, who previously occupied space at the property. The leased unit features 1,000 s/f of office space, 16- foot clear ceiling heights, two
tailgate loading doors, and two oversized drive-in doors. Industrial Investments, Inc. was represented in-house by Bown, III. 421 Pike Rd. is part of Indus - trial Investments’ portfolio of strategically located industrial properties in the Greater Phila- delphia region, offering tenants functional warehouse space with convenient access to major transportation routes. MAREJ .
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