Bristol Group, a privately-owned real estate investment and development firm, plans to build a approximately 261,000-square-foot climate-controlled cargo facility at Philadelphia International Airport (PHL).
The facility, which is designed to accommodate single or multi-tenant occupancy with flexible loading capacity, will be built on a 16.8-acre vacant parcel of land. The location is adjacent to the PHL tarmac and has immediate access to a four-way interchange of Interstate-95 and is less than five miles from the Port of Philadelphia.
The facility will offer cooler and freezer temperatures to accommodate a variety of cargo related to pharmaceuticals, life-sciences, perishable food, and specialized electronics.
“We are excited for this partnership with Bristol Group,” Atif Saeed, City of Philadelphia Department of Aviation CEO, said. “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.”
Construction will be completed in 2025.