Cabot Properties Acquires 483,938-SF Class A Industrial Portfolio at Springbrooke Trade Center in Greater Philadelphia

ASTON, Pa. — Cabot Properties has acquired Springbrooke Trade Center, a two-building, 483,938-square-foot Class A industrial portfolio in Aston, Pennsylvania, the Boston-based logistics real estate firm announced Sept. 15, 2026. The fully leased park, located in Philadelphia's Delaware County submarket roughly 22 miles southwest of Center City, expands Cabot's footprint along the supply-constrained I-95 logistics corridor in the Northeast.

Asset Overview: Two-Building Class A Park Delivered in 2022

Springbrooke Trade Center comprises two rear-load distribution buildings at 300 and 500 Springbrooke Boulevard, completed in 2022. Building 1, at 300 Springbrooke Boulevard, totals 210,400 square feet, while Building 2, at 500 Springbrooke Boulevard, spans 273,600 square feet — together accounting for the portfolio's approximately 484,000-square-foot total on a roughly 36-acre site.

Both buildings feature 36-foot clear heights, 185-foot truck courts, ESFR sprinkler systems, LED lighting, and 3,000 amps of power per building. The park also offers substantial trailer storage capacity and is pursuing BREEAM sustainability certification for each building. The property provides direct access to Interstate 95 and Route 322, with connectivity extending to I-476 and the New Jersey Turnpike, placing it within reach of Philadelphia International Airport, the Port of Philadelphia, and the Port of Wilmington.

Full Occupancy Across Two Tenants

The portfolio is 100% leased to two tenants. Thayer Distribution, a specialty redistributor of candy, snacks, beverages, paper products, and convenience goods, occupies space in Building 1 at 300 Springbrooke Boulevard, having signed an 88,665-square-foot lease there in 2023. New Hudson Facades — founded by Related Companies to support the Hudson Yards development in Manhattan and specializing in the design, engineering, manufacturing, and installation of custom curtain wall and façade systems for large-scale commercial and institutional projects — occupies the remaining space.

At the time of the sale offering, the portfolio carried a weighted average lease term of approximately 2.9 years and average contractual rent escalations of roughly 3.57% per year across its leases.

Cabot's Strategic Rationale Along the I-95 Corridor

"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."

The acquisition aligns with Cabot's stated strategy of targeting institutional-quality logistics assets in supply-constrained infill markets with strong consumption demand. The park's positioning within Delaware County — an established industrial submarket approximately 12 miles from Philadelphia International Airport — supports that thesis.

About Cabot Properties

Founded in 1986, Cabot Properties is an international private equity real estate firm focused on the logistics sector. The firm has invested more than $19 billion in logistics real estate, served over 4,400 tenants, and operated more than 1,750 buildings totaling over 245 million square feet. Cabot is headquartered in Boston with offices across the United States, Europe, and Asia Pacific, including Atlanta, Chicago, Dallas, Los Angeles, London, Amsterdam, Sydney, Tokyo, Munich, Houston, New York, Orlando, and New Jersey.

Sources: Cabot Properties press release, Sept. 15, 2026