M id A tlantic Real Estate Journal — Pennsylvania — October 22 - November 18, 2021 — 15B P ennsylvania
Nationally-focused development & investment company continues robust expansion IG Logistics enters Philadelphia market with acquisition of four acre truck terminal
HILADELPHIA, PA — New York-based IG Lo- gistics, founded by real estate industry veterans Daniel Glaser and Sam Schneider , announced its acquisition of a truck terminal in Philadelphia. The site was purchased for $3.5M in an off market deal. The seller was represented by Larry Bergen of Colliers. Located at 3200 South 70th St., the four acre site is well-positioned in the best industrial location in the city with close proximity to the airport, downtown Philly and I-95. It has been leased to XTL Inc, an asset-based transportation company that provides local, regional and OTR trucking services. This marks IG Logistics first acquisition in Philadelphia. IG Logistics is the industrial platform for Imperium Capi- tal , Glaser and Schneider’s real estate investment and development company founded over a decade ago. The new platform focuses on acquiring properties with a large outdoor storage or transportation ele- ment in high barrier to entry, urban growth markets where demand for logistics real es- tate is driven by e-commerce. IG Logistics’ strategy focuses on last mile facilities that are critical to the supply chain. In just one year, the company has purchased $65M of industrial sites, and has north of $100M under contract. They plan to buy north of $250M over the next year in markets includ- ing Denver, Dallas, Savannah, South Florida, Central Florida, Nashville, Philadelphia, Phoe- nix and Baltimore/DC. In the last month, the company closed on Lipan Street Industrial Park in Denver for $21M. “This site exemplifies all the qualities we look for in a prop- erty for our new industrial plat- form, said SamSchneider, man- aging partner and co-founder of Imperial Capital. “The location is what initially attracted us to the deal - you can’t ask for a better transit-oriented site. IG logistics is very bullish on Phila- delphia, and we look forward to being very active in this market in the future.” About Imperium Capital ImperiumCapital was found- ed in 2010 by Sam Schneider and Daniel Glaser and cur- rently owns a diverse portfolio of high profile assets compris- ing more than 1,200,000 s/f and in excess of $2,000,000,000 in total market value. MAREJ P
3200 South 70th St.
IG Logistics is an owner/operator of industrial properties that have a large outdoor storage or transportation component. We specialize in acquiring and developing infill assets in high barrier to entry, urban growth markets where demand for logistics real estate is driven by e-commerce. Our strategy focuses on last mile facilities that are mission critical to the supply chain.
IG Logistics is actively looking to purchase properties in high growth markets throughout the US.
FOR ACQUISITION OPPORTUNITIES PLEASE CONTACT DAN@IMPERIUMCAP.COM & SAM@IMPERIUMCAP.COM
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