Cabot Properties Acquires 483,938 SF Modern Industrial Park in Greater Philadelphia
PHILADELPHIA – SEPTEMBER 15, 2026 – Cabot Properties, a global investor, developer, and operator of logistics properties throughout the United States, Europe, and Asia Pacific, today announced the acquisition of the Springbrooke Trade Center, a two-building, 483,938-square-foot, Class A industrial portfolio in Aston, Pennsylvania, within the Greater Philadelphia area. The acquisition enhances Cabot’s growing portfolio of modern logistics assets situated in supply-constrained infill markets that benefit from strong consumption demand.
“This acquisition offered us the opportunity to invest in a newly constructed industrial real estate asset with embedded growth potential in one of the leading industrial markets in the Northeast region,” said Keith Funston, Senior Director, Investments at Cabot Properties. “Securing this property at an attractive basis relative to replacement cost allows us to expand our presence along the strategically critical and supply-constrained I-95 logistics corridor. We expect the property’s modern specifications, strategic infill positioning, and excellent transportation connectivity to support healthy tenant demand throughout future leasing cycles and offer multiple avenues for potential value creation.”
Completed in 2022, the Springbrooke Trade Center is comprised of two buildings located at 300 and 500 Springbrooke Boulevard within Philadelphia’s Delaware County submarket. Both buildings are pursuing BREEAM certification and feature 36-foot clear heights, rear-load configurations, ESFR sprinkler systems, LED lighting, 185-foot truck courts, 3,000 amps of power per building, and substantial trailer storage capacity. The park is fully leased to two firms – Thayer Distribution, a specialty redistributor of candy, snacks, beverages, paper products, and convenience goods; and New Hudson Facades, founded by Related Companies to support the Hudson Yards development in Manhattan, which designs, engineers, manufactures, and installs custom curtain wall and façade systems for large scale commercial and institutional developments. The property offers direct access to I-95 and Route 322 and, by extension, I-476 and the New Jersey Turnpike, providing seamless connectivity to the Philadelphia International Airport, the Port of Philadelphia, and the Port of Wilmington.
About Cabot Properties Inc.
Cabot Properties is an international private equity real estate firm focused on the logistics sector. Founded in 1986, Cabot was one of the first real estate firms to provide institutional investors with access to the industrial property sector and has invested over $19 billion in logistics real estate, served over 4,400 tenants, and operated over 1,750 buildings totaling more than 245 million square feet. Cabot is headquartered in Boston with offices in Atlanta, Chicago, Dallas, Los Angeles, London, Amsterdam, Sydney, Tokyo, Munich, Houston, New York, Orlando, and New Jersey. For more information, visit www.cabotprop.com.
Media Contact:
ICR on behalf of Cabot Properties
CabotPR@icrinc.com