Developer lands $72.6M in financing for Philadelphia cold storage warehouse

BG Capital is building a $93 million cold storage building in Philadelphia’s Port Richmond neighborhood.

Philadelphia company plans $101 million cold-storage project in North Jacksonville

BG Capital wants to build the 272,400-square-foot facility on Somers Road near JaxPort.

A cold storage development in Philadelphia’s Port Richmond neighborhood is the recipient of the largest C-PACE financing package in Pennsylvania since the state approved its usage in 2018.

BG Capital to Develop $85M Cold Storage Project in Philadelphia

Locally based development and investment firm BG Capital will build an $85 million cold storage project on a seven-acre site in Philadelphia’s Port Richmond neighborhood. 

BG Capital, FreezPak Team on $3B Cold-Storage Expansion

Philadelphia-based BG Capital and NJ-based FreezPak Logistics are partnering to build up to $3B worth of new cold-storage industrial space in port-centric markets across the US.

BG Capital Partners to Develop $3B of Cold-Storage Industrial

BG Capital, a Philadelphia-based commercial real estate investment firm, has formed a new strategic real estate partnership with New Jersey based cold storage operator FreezPak Logistics to build and own more than 200 million cubic feet of customized cold-storage industrial distribution facilities in port centric markets across the U.S. at more than $3 billion in total asset value.

BG Capital Partners to Develop $3B of Cold-Storage Industrial

FreezPak Logistics and BG Capital are partnering to build $1 billion worth of new cold storage facilities in port-centric markets across the United States.

New Cold Storage Facility Coming To Port Richmond, The First Of Several For $3B Joint Venture

A $3B joint venture to develop cold storage facilities is building its first project in the Port Richmond neighborhood of Philadelphia.

Philly developer to renovate and preserve North Wildwood’s Isle of Capri Motel

The Isle of Capri Hotel in North Wildwood will be renovated and reopened as the Seaport Inn in the summer of 2022, Philadelphia-based developer BG Capital revealed. The property is among the remaining relics of the ‘Doo Wop’ midcentury architecture that once defined parts of the Jersey Shore vacation experience.

BG Capital, FreezPak Logistics to Build $120M Cold Storage Facility in Jacksonville

Philadelphia-based BG Capital and New Jersey-based FreezPak Logistics have purchased a 20.5-acre development site at 8730 Somers Road in Jacksonville for $11.2 million

Constitution Health Plaza in South Philadelphia sells to local investment firm for $77M

BG Capital has paid $77 million for Constitution Health Plaza, a 295,000-square-foot medical office building at 1930 S. Broad St. in Philadelphia.

Philadelphia Medical Office Campus Trades for $53M

BG Capital has sold the three-building property to the Hampshire Cos. and its international investment partner, Arbah Capital.

Fine Print: Stake in Port Richmond property sells for $53M, retail center trades for $20M

A venture between Arbah Capital of Saudi Arabia and Hampshire Co. acquired a 90% position in three of four parcels at the Commonwealth Campus, a 100,000-square-foot property at 2301 Allegheny Ave.

Saudi group buys old Northeastern Hospital in Port Richmond

While big state-sponsored funds along the Gulf tend to focus on high-end properties in city centers, smaller investment groups have long been comfortable with more prosaic assets.

Philly developer hopes to replace former Wildwood rectory, school with 38 new homes

A new proposal from Philadelphia developer BG Capital would bring 38 residences to 100 E. Magnolia St. in Wildwood, replacing the historic St. Anne’s/Cape Trinity School.

BG Capital Providing Growth to Port Richmond with Commonwealth Campus

Commonwealth Campus, spanning over 16 acres, is the setting of the old Northeastern Hospital in Port Richmond, Philadelphia. Acquired in December 2017 by BG Capital for $18 million, Commonwealth Campus is home to many medical office businesses, including anchor tenant, Temple University Health System with over 60,000 square feet of office space.