German grocer Lidl has bought the site of a planned warehouse at the Keystone Trade Center in Bucks County for $144.6 million, property records show, another step in the company’s rapid expansion along the East Coast.

Lidl purchased the 69 acres from Kansas City, Missouri-based NorthPoint Development, which is building the $1.5 billion, 1,800-acre logistics campus on the former site of a U.S. Steel plant in Fairless Hills. At completion, the developer expects Keystone Trade Center to house more than 20 warehouses totaling 10 million square feet. 

NorthPoint had planned to build a 1.2-million-square-foot warehouse at the site purchased by Lidl, marketing material shows, but now it will be up to the grocer to carry out construction. 

*Article courtesy of Philadelphia Business Journal

For more information about Philadelphia land sites for sale or about any other Philadelphia properties for sale or lease, please contact WCRE at 215-799-6900.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage and advisory firm, is a premier Philadelphia commercial real estate broker that provides a full range of Philadelphia commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other Philadelphia commercial properties for buyers, tenants, investors and sellers.

Please visit our websites for a full listing of Philadelphia land sites for sale through our Philadelphia commercial real estate brokerage firm.