The Port Of Philadelphia grows to over 1,000 acres of land owned
PhilaPort announced the acquisition of a 29-acre parcel of land, locally known as the former Philadelphia Produce and Seafood Terminal, located at Third Street and Pattison Avenue. With this purchase PhilaPort now owns 1,016 acres of land. This purchase from Philadelphia’s public-private economic development corporation, PIDC, will allow PhilaPort to develop warehousing to support the growth in container operations at Packer Avenue Marine Terminal (PAMT).
PhilaPort has enacted an aggressive timetable to grow Port cargo volumes. This new land will play a critical role and directly augment the $300 million Port Development Plan set by Pennsylvania Governor Tom Wolf, the Board and the CEO of PhilaPort.
The Port is an economic engine in Southeastern Pennsylvania; this purchase exemplifies the important role public and private warehousing plays in the Port achieving its full potential.
