Philadelphia, PA September 20, 2023 — Bristol Group, Inc. announced today plans to construct a new state-of-the-art climate-controlled cargo facility totaling approximately 261,000 square feet at the Philadelphia International Airport (PHL). The project will be constructed on a 16.8-acre vacant parcel of land on the northeast side of PHL property, situated east of Island Avenue along Escort Street. The project’s unique multi-modal logistics location is adjacent to the PHL tarmac with immediate access to a four-way interchange of Interstate-95 and less than five miles from the Port of Philadelphia.
Once completed in 2025, the new building will include approximately 241,000 square feet of climate-controlled warehouse space and offer broad cooler and freezer temperatures to accommodate a variety of cargo related to pharmaceuticals, life-sciences, perishable food, and specialized electronics. The cargo facility is designed to accommodate single or multi-tenant occupancy with flexible and abundant loading capacity.
“PHL has been a great partner in our diligent efforts to bring a much-needed cold cargo logistics building to an underutilized area within the airport,” said Dave Williams, Managing Director of Bristol Group, Inc., who is based in the firm’s headquarters in San Francisco. “With its location abutting Interstate-95, this state-of-the-art facility is strategically positioned to service the entire Mid-Atlantic and Northeast region, which is one of the most densely populated areas in the country. The service area is severely underserved with respect to the availability of modern cold chain logistics warehouse space for both operators and customers. We see this as an important investment in the infrastructure of the global pathway of goods that will increase the throughput capacity and the lifespan of perishable goods traveling throughout the region. We’re also excited about the positive economic impact this project will have on the surrounding Philadelphia area and look forward to continuing to work with PHL to support their growth objectives.”
In comparison to other major air cargo gateways, PHL is lacking modern refrigerated warehouse space. The addition of Bristol Group’s building will help address this critical need and is expected to immediately attract cargo business currently served by other major airports and transportation networks in the region.
“We are excited for this partnership with Bristol Group,” said City of Philadelphia Department of Aviation CEO Atif Saeed. “Having a state-of-the-art cold storage facility at PHL will make our airport the premier cargo airport in the eastern United States, given our location adjacent to I-95 and close proximity to the Port of Philadelphia. The addition of this facility stands to benefit the Greater Philadelphia region in many ways, from the billions of dollars generated by cold storage cargo and pharmaceutical business to the hundreds of jobs created by the construction and operation of the building.”
About Bristol Group, Inc.
Founded in 1980, Bristol Group, Inc. is a privately-owned real estate investment and development firm operating on a nationwide basis in select U.S. markets. With a successful history in a wide variety of innovative real estate projects, Bristol Group possesses a unique combination of a flat organizational structure where senior management actively participates in all significant decisions, cultivates a deep market expertise, and employs a disciplined operational approach to investing, which distinguishes the firm as a leading performer in the real estate industry. For over 40 years, the firm has acquired, re-positioned and developed over $3.5 billion of commercial real estate consisting of industrial, self-storage, office, retail, multi-family and alternative use properties throughout the United States. For further information, visit www.bristolgroupinc.com.