Logistics Property Company, LLC (LogiPropCo), a logistics real estate owner, developer, and manager, has closed on a 43-acre site in Newark, Delaware. Located along I-95 with 1,000 feet of frontage, the development site offers immediate access to Route 1 and is strategically located near the Delaware Memorial Bridge and the Port of Wilmington. When complete, Crossroads 95 Logistics Center will total 442,530 square feet with 36-foot clear height and ample parking for both cars and trailers.
LogiPropCo has continued to grow its footprint in the Southeastern Pennsylvania Market. This land acquisition follows the nearly completed South Penn Logistics Center, a 973,000-square-foot logistics facility in Morrisville, Pennsylvania, and is approximately eight miles from its first development in Delaware, First State Logistics Park, a three-building park that is seventy-five percent leased.
“We feel confident in the activity in this market and look forward to breaking ground on this new project,” said Mark Glagola, Senior Vice President of LogiPropCo’s Northeast Region. “Crossroads is an unbeatable location along I-95, where we continue to see demand for modern industrial space.”
LogiPropCo’s Northeast Development team worked with John Plower, Ryan Cottone, Zach Maguire, and Jordan Schwartz of JLL’s Northeast Industrial Capital Markets team in the acquisition.
“This acquisition is a great opportunity to deliver a thoughtfully designed distribution facility that can accommodate any user. It is increasingly difficult to find development opportunities like Crossroads with unmatched access to I-95,” said John Plower, Senior Managing Director at JLL.
Crossroads 95 Logistics Center is expected to deliver in Q3 2026. Learn more about the development here.
About Logistics Property Company
Logistics Property Company, LLC is a logistics real estate operating company and investment manager focused on the acquisition, development, and management of modern logistics properties in key North American markets. The company executes a disciplined investment strategy, ensuring optimal outcomes for our investors, employees, communities, and environment. Headquartered in Chicago, Logistics Property Company has nearly 80 employees strategically located across eight markets. Its portfolio is comprised of 57 buildings across 24.6 million square feet. For further information, please visit logisticspropco.com.
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