TJ Maxx Industrial Building

Philadelphia, PA

Address:

2760 Red Lion Road, Philadelphia PA 19114

Market:

Pennsylvania

Building Size:

1,015,000 SF

Asset Class:

Distribution Center

Date Acquired:

May 2019

Status:

Operating


Property Description

Retailer TJX Cos., parent company to HomeGoods, TJ Maxx, and Marshalls, has maintained a major operations/distribution center at this 1.015 million SF property in North-East Philadelphia since 2001. Ocean West acquired this fully leased property as part of the Diamondback Industrial Portfolio, a six-asset package encompassing 4.8 million square-feet of industrial real estate across five states, with VEREIT in May of 2019.  This state-of-the-art facility ships more than 225 million boxes of goods and inventory every year to Marshalls retail stores across the United States.

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