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Philadelphia Industrial & Logistics Summit

Name: Philadelphia Industrial & Logistics Summit
Start: 2024-04-23T08:00:00-04:00
End: 2024-04-23T11:00:00-04:00
Location: 60 Portland Rd

INSIGHTS ON ACQUISITIONS, LEASING DYNAMICS AND USER-CENTRIC DEVELOPMENT

Event Ended On: Tuesday April 23 2024

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Event Host

Velocity Venture Partners

60 Portland Road, Conshohocken PA is a 56,000 square foot industrial asset – known throughout the region as the iconic “Oldies” building. Velocity Venture Partners – one of the region’s leading industrial real estate buyers – finalized the purchase of the asset in March of 2023 after a five-year pursuit. The seller previously operated his “Oldies.com” business out of the site and was historically resistant to a sale. The acquisition fits Velocity’s brand well – a high touch, complex sale from a local operator, where a significant investment of time is required to get a deal across the finish line.

Situated in one of the densest municipalities in Montgomery County Pennsylvania, the property is located just minutes from the Blue Route/Conshohocken Interchange of I-476 and easily accessible to the skilled employment hubs of our region. 60 Portland Road provides a central location for access to several other major transportation thoroughfares including Route 76 (2.0 miles) and Route 276 (6.0 miles). The asset features irreplaceable frontage and visibility along Interstate 476, making it a prime location for distribution or manufacturing users who require high visibility and proximity to major transportation corridors. The warehouse portion of the building is fully climate controlled and boasts 26’ clear heights & existing loading that is expandable.

Upon purchasing the site, Velocity immediately kicked off the firm’s standard whitebox process to prepare the availability for marketing. This allows prospective tenants to more easily visualize their operation at the site as well as decrease our downtime as the units are effectively move-in-ready. The building is immediately available, and Velocity is looking forward to welcoming a new long-term tenant to this iconic property.

Speakers and Panels

Fireside Chat: Revitalizing Iconic Industrial Spaces

Zach Moore

Founding Partner, Velocity Venture Partners

Tony Grelli

Founding Partner, Velocity Venture Partners

Moderator

George Kotridis

Principal, CLA

Acquisitions & Investments: Strategies for Navigating the Industrial Market

Analyzing and Identifying Preferred Submarkets in Philadelphia that Currently Capture Investors' Interest

Read Mortimer

VP, Investments, Prologis

John Hanlon

Executive Director, First Industrial Realty Trust

Ben Cohen

Co-Founder & Principal, Endurance Real Estate Group

Rob Goldstein

Portfolio Manager, CenterSquare Investment Management

Heath Abramsohn

VP & Regional Director, NJ/PA, Rockefeller Group

Brad Molotsky

Brad A. Molotsky practices in the area of real estate law. Mr. Molotsky’s primary practice is focused in the areas of commercial leasing (including a focus in cannabis leasing), acquisitions and divestitures, property management, financing, public private partnership (PPP or P-3) and real estate joint ventures (including mixed-use and multi-family development). He also has deep experience in environmental, social, governance, public company issues such as enterprise risk, internal audit, compensation, as well as energy efficiency, sustainability and corporate social responsibility. Prior to joining Duane Morris and for nearly 20 years, Brad served as executive vice president, general counsel and corporate secretary of Brandywine Realty Trust. At Brandywine, Mr. Molotsky was responsible for all legal operations of the company, including acquisitions and divestitures, financings, joint ventures, board matters, insurance procurement, litigation oversight, SEC filing oversight and the legal aspects of capital raising. During his tenure, the company grew from 40 buildings to approximately 300 buildings, totaling 28 million square feet. Mr. Molotsky was named general counsel of the year by the Philadelphia Business Journal in 2014 and NJBIZ in 2013 and was awarded the Martin Luther King Community Service award in 2014 and the Roger Davis Community Service Award in 2017. Mr. Molotsky is a 1989 cum laude graduate of Villanova University Law School, where he was Order of the Coif, and also earned an M.B.A. in Finance from Villanova University. He is a 1986 cum laude graduate of the University of Delaware. Mr. Molotsky has also earned his LEED AP O+M certification. He also has earned an AV Preeminent® peer review rating from Martindale-Hubbell®. Areas of Practice • Public Private Partnerships (P3)/Project Finance • Commercial Leasing (including cannabis leasing) • Acquisitions and Divestitures • Property Management • Financing • Real Estate Joint Ventures • Energy Efficiency, Sustainability and Corporate Social Responsibility • Affordable Housing (including Special Needs)

Duane Morris LLP

Partner

Moderator

Brad Molotsky

Partner, Duane Morris LLP

Tech-Forward Leasing: Navigating the Future with AI and Technology

Experience the transformation of logistics through the integration of AI, technology, and innovative amenities

Mark Purcell

Global Transportation Engineering Services, Amazon

Marcus Daniels

VP, NAI Michael

Kristen Brandt-Unton

VP, ESG & Sustainability, Solar Landscape

Moderator

Eric Faggioli

President/Owner, Delaware Valley Paving

Building For The User: Development & Design Strategies for Today’s Tenants

Analysis of the Spec, Build-To-Suit, Multistory and Taller Clear Height Demands Present in the Market

Liz Gabor

VP of Development, Link Logistics

John Gaskin

Managing Director, Industrial, Portman Holdings

Dave Fleming

Director, Marathon Engineering & Environmental Services

Dan Zeiders

VP, Philadelphia, ARCO Design/Build

Moderator

Matthew Marshall

Principal & Industrial Brokerage, Avison Young

WHY YOU CAN'T MISS THIS EVENT

What You'll Learn:

The pandemic initially led to a surge in demand for warehouse and distribution space, resulting in a low sublet availability of 2.5% in early 2022. How has the landscape changed since then, and what macroeconomic factors, such as inflation and interest rate hikes, have influenced this shift?
How do investment trends differ between urban and suburban environments, and what considerations should developers take into account when deciding on the location of their industrial projects?
How has the interest rate environment influenced the industrial real estate market in Philadelphia, and what are the implications for sales and leasing dynamics?
How does the current supply-demand imbalance in the industrial market compare to previous years, particularly during the peak years of growth in 2021 and 2022?
Are there particular submarkets or trends within Philadelphia that have emerged as particularly attractive for investors, and what makes them stand out?
How have alternative financing options, like private equity and crowdfunding, influenced the industrial capital markets so far, and what changes do we anticipate moving into 2024 in reshaping the traditional funding landscape?
How do developers gather information and collaborate with tenants to ensure buildings meet their needs?

Why You Should Attend:

Join us for an insightful event where industry professionals will dissect the current state of Philadelphia's industrial sector. Gain valuable insights into the challenges faced by these professionals, unravel the selection processes employed by developers in constructing diverse industrial properties, explore the origins of demand for such spaces, and receive informed predictions about the future of the industry.

What Does Your Ticket Get You:

Bisnow events bring together the biggest power players in the industry to identify opportunities, build your network and expand your business. With the largest audience of commercial real estate professionals in the world, no one knows how to help your business more than us.

More About Velocity Venture Partners:

Velocity Venture Partners is a leading developer of industrial real estate throughout the Northeastern Region of the United States and one of the largest owners of industrial space in the region. The firm devotes its time exclusively to industrial & conversion-to-industrial (office/lab/retail to industrial) assets that are located close to densely populated suburban corridors and major transportation arteries.

Velocity has built and maintained a vast network of debt and equity relationships, streamlining the internal funding process for each new acquisition. In addition, the firm’s size and nimble approach enables quicker decision making & actions compared to competitors – ranging from acquisitions to leasing, to capex and cosmetic work on newly acquired assets. As a fully integrated firm – with internal infrastructure ranging from construction to property management – Velocity delivers an unmatched approach to strategic industrial acquisitions and asset management. The firm currently owns and manages over 8 million square feet of industrial space in the Greater Northeast region - a portfolio comprising more than 350 tenants and 100 properties. Velocity was founded by Gloucester County native Tony Grelli and Montgomery County-native Zach Moore. Learn more at www.velocityinv.com.

For questions, recommendations, comments or press inquiries please email our Senior Event Producer, Virginia Baker, at Virginia.Baker@Bisnow.com. To request disability-related accommodations, please contact ally.araco@bisnow.com no later than seven business days prior to the event.

Venue

60 Portland Rd
Conshohocken, PA 19428

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Agenda

Time	Activity
8:00 AM 9:00 AM	Pre-Event Networking & Breakfast
9:00 AM 9:30 AM	Fireside Chat: Revitalizing Iconic Industrial Space A Panel Discussion with Velocity Venture Partners on Tenant Attraction at 60 Portland Road and Beyond
9:30 AM 10:15 AM	Acquisitions & Investments: Strategies for Navigating the Industrial Market Analyzing and Identifying Preferred Submarkets in Philadelphia that Currently Capture Investors' Interest
10:15 AM 10:30 AM	Networking & Coffee Break
10:30 AM 11:15 AM	Tech-Forward Leasing: Navigating the Future with AI and Technology Experience the transformation of logistics through the integration of AI, technology, and innovative amenities
11:15 AM 12:00 PM	Building For The User: Development & Design Strategies for Today’s Tenants Analysis of the Spec, Build-To-Suit, Multistory and Taller Clear Height Demands Present in the Market
12:00 PM 12:30 PM	Post-Event Networking