M id A tlantic Real Estate Journal — Southeastern Pennsylvania — January 2026 — 13B
www.marej.com
S outheastern P ennsylvania
JLL Capital Markets team brokers sale of 1,000,000 s/f warehouse/distribution center Endurance and Cabot announce the sale of Scranton North Logistics Center
ADNOR, PA — An affiliate of Endurance Real Estate Group, LLC (Endurance) and Bos- ton-based Cabot Properties (Cabot), an investor, devel- oper, and operator of logistics properties throughout the United States, Europe, and Asia Pacific, are pleased to announce the disposition of the Scranton North Logistics Center, a 1,000,000 s/f ware- house/distribution center located at 1300 Corporate Way in Olyphant, (property). The property is fully occupied under a long-term lease to a Fortune 2 company. The JLL Capital Markets team of John Plower, Ryan Cot- tone and Zach Maguire brokered the sale to an un- disclosed institutional buyer. Michael McCarthy, man- aging director and co-CIO of Value-Add Programs at Cabot Properties, added: “Our team, in partnership with Endurance, was able to deliver this asset on a specu- lative basis under budget and execute full lease-up of the property, which speaks to our local market relationships R Ensemble/Mosaic announces Happy Bear Coffee Co. joins Navy Yard PHILADELPHIA, PA — Ensemble/Mosaic announced that Happy Bear Coffee Com- pany has signed a lease to open its flagship café and wine bar at the Philadelphia Navy Yard. Happy Bear will lease 3,036 s/f on the ground floor of the multi-tenant lab building at 1201 Normandy Place, located between Central Green Park and Chapel Plaza. The concept will feature specialty coffee and a curated wine bar, paired with a refined grab-and-go menu created in partnership with Carlino’s Specialty Foods. Construction is set to begin later this year, with an opening planned for early 2026. The café marks Happy Bear’s first brick-and-mortar loca- tion, expanding upon the suc- cess of its two-year-old online specialty coffee store, helmed by co-founders Dan Kreden- sor and Frank Orman. Happy Bear’s design will feature indoor seating and an outdoor space overlooking the five-acre Central Green Park. MAREJ
and specialized expertise. The successful disposition of Scranton North – Cabot’s larg- est single-building develop- ment project to-date – marks an important milestone for our platform and underscores the appetite for modern, class A facilities in key consump- tion-focused markets.” Scranton North is a newly constructed, state of the art, 1,000,000 s/f cross-dock ware- house and distribution facil- ity featuring modern design specifications, best-in-class functionality, and robust elec-
tric capacity to accommodate the tenant’s operation. The property benefits from ex- ceptional regional connectiv- ity, with immediate access to major East Coast population centers, multiple seaports, and robust air, rail, and highway networks. The site is located twenty minutes from five major parcel operations and within a 15-minute drive of the Scranton/Wilkes Barre metro- politan area, the 5th largest MSA in Pennsylvania, offering a deep, reliable, and desirable labor pool. MAREJ
Scranton North Logistics Center
100,272 SF Available July 2026
First Independence Logistics Center 2021 Woodhaven Rd | Philadelphia
• Modern distribution facility • 16 dock-high doors for efficient loading • Strategic Northeast Philadelphia location • Quick access to I-95, I-276 & Route 1 • Ideal for logistics, fulfillment & last-mile users • KOZ designation until year end 2029
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