Joint venture wins lease for 181,074 square feet at new warehouse site in Bear

AMS will lease 181,074 square feet  in  the Class A spec industrial development when completed in the third quarter. The lease includes about half  of the building.

Boston-based Davis Companies and Asbury, New Jersey-based J.G. Petrucci broke ground on the project in September 2024. The 710 American site is next to a Dots Foods redistribution center about eight miles from I-95.

The lease was first announced in late spring of this year.

“The joint venture to develop 710 American Boulevard was a forward-thinking investment in one of the most rapidly growing industrial submarkets in the mid-Atlantic,” said David Allen, senior vice president of Asset Management at Davis. “The pre-leasing momentum we are experiencing is a testament both to the project’s potential and the growing demand for warehouse space in Greater Philadelphia. We’re thrilled to support AMS’ expansion as they scale their logistics capabilities and strengthen their presence on the East Coast.”

The building  will include 68 overhead loading dock doors and 3,150 square feet of fully built-out office space. The project aims to achieve LEED certification and can accommodate more than 50 trailer spaces and over 250 spaces for light vehicles.

“The decision to expand AMS’ bi-coastal operations at 710 American Boulevard marks a key step to scaling our operations to better serve our partners nationwide,” said Greg Morello, CEO at AMS Fulfillment. “With unmatched connectivity to transportation routes and major cities, and top-of-the-line industrial specs, the site is truly the perfect location for our expanding logistical capabilities. This site will enhance our presence in a strategic logistics hub, and we appreciate the support of Davis and Petrucci as we continue our growth plan for the region.”

Davis’ has made  strategic investments across major Mid-Atlantic, Northeastern and Southern markets with recent activity in Virginia, Massachusetts and Georgia. The firm has acquired and/or developed more than 14.7 million square feet of industrial and self-storage properties nationwide.

The lease is good news for New Castle County, which has a a nearly 8% industrial  vacancy rate after years of a nearly zero figure.

Developers say the northern Delaware market remains promising, due to lower costs and locations near the Interstate 95 corridor.

Other logistics/warehouse projects are in various stages of development, despite recent county restrictions. The curbs - which still  allow wiggle room for major projects - restrict the size of buildings and require buffers. The changes came in response to complaints of homeowners.