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Philadelphia's Industrial Outlook
In-Person: New Submarkets, Impact Of E-Commerce, & The Future of CRE's Hottest Asset Class
Event Ended On: Thursday October 7 2021
Registration Questions?
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Event Host
Velocity Venture Partners - Station Park
Station Park is one of Velocity Venture Partners most recent acquisitions and a flagship asset in the Firm’s Bucks County Portfolio. The complex is a 415,000 SF multi-tenant industrial flex facility located in Hatboro, Pennsylvania - just minutes from the Pennsylvania Turnpike. Constructed in 1963 by Proctor and Gamble, the building features a 50,000 sf section that is 75’ clear, where P&G manufactured several Vick’s products. In the early 2000’s, the facility was vacated by Proctor and Gamble and was converted to a multi-tenant industrial flex facility. Due to the asset’s construction and unmatched location, the facility presented an excellent blueprint for various distribution, production, warehouse and manufacturing uses. Upon taking ownership in May of 2021, Velocity has experience phenomenal success working with in-place and prospective tenants to lease many of the available office and warehouse/flex units within the complex. Velocity’s flexible and creative business model coupled with the Firm’s local presence has allowed them to make significant strides in their business plan for the complex in just months after taking ownership. one of the most active industrial and flex developers in the market, Velocity plans to continue their business plan to grow their market presence in the Greater Philadelphia area.
Our commitment to your safety:
We have experienced the enthusiasm of returning to live in-person events this year, having safely and successfully hosted more than 10,000 executives to date. While we are thrilled to convene together to propel growth within CRE, COVID-19 remains a worldwide concern and Bisnow is committed to practicing safe protocols at our events. You can expect the following:
In accordance with CDC guidelines, we are recommending that all participants wear a mask, regardless of vaccination status. Masks will be made available at the door.
Temperature checks will be conducted at entry.
Attendance at the event will be capped.
Contact tracing procedures will be employed for any reported exposure.
Socially distanced seating will be available in the main event space.
Enhanced sanitization protocols will be adhered to throughout the event space including regularly disinfecting surfaces throughout the event and hand sanitizer provided to all attendees.
As local regulations and guidance evolve, the CRE industry continues to lead the way forward. We look forward to gathering safely to do what we do best: network, connect, and engage to do more business. We look forward to hosting you soon.
Speakers and Panels
Construction Costs & Industrial Development Themes
Matt Brodnik
Greg Boler
Edward Piscopo
Why This Matters
- With so much institutional capital in the industrial space, is there any runway left for aggregation of locally owned portfolios?
- Demand still seems to be outpacing supply. How long can it last, and is there any concern about over saturation yet?
- A state bill being considered in New Jersey would require multiple towns to sign off on any new industrial development. How realistic is its passage, and how much of an impact would it have if it passed.
How You’ll Do More Business:
The industrial market has been booming across the country, but it’s not free money like some of the new players entering the space believe. Find out where you should be looking to invest, how to obtain capital and how to best position your company to take advantage of the hot market.
Who You'll Meet: Investors, developers, architects, brokers, tenants, and engineers.
Agenda
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8:00 AM 9:00 AM |
Pre-Event Networking
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9:00 AM 9:45 AM |
Construction Costs & Industrial Development Themes
Since March 2020, more people have shifted their purchasing habits from physical stores to online platforms, finding new means of safely obtaining essential goods. As cities balance reopening efforts with delta variant precautions, how will consumers’ buying decisions impact the industrial market?
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9:45 AM 10:30 AM |
Investment Outlook & Industrial Outlook
The industrial market is currently experiencing an influx of investment at an unprecedented speed, attracting new developers to the industry. With demand outpacing supply, what are the consequences of too much capital? Where are the new hot industrial development spots?
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10:30 AM 11:00 AM |
Post-Event Networking
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Sponsors
