A shallow bay is a coastal inlet or recess where the water depth is relatively low compared with open sea, often rising gradually from shore and sometimes exposing mudflats or sandbars at low tide. For investors, depth affects the cost and feasibility of ports, shipping access, real estate development, fisheries, and environmental risk—similar to how a shallow driveway limits the size of vehicles that can use it, shallow bays limit maritime and development options.
multi-tenanttechnical
A multi-tenant system is software or a cloud service where a single instance runs and stores data for multiple separate customers—called tenants—while keeping each tenant’s data and settings logically isolated. Think of it like an apartment building: residents share the same structure and services but have private units. Investors care because multi-tenancy typically enables lower costs, faster scaling and steady recurring revenue, while raising issues around security, customization and operational risk.
dock-hightechnical
A dock-high loading area is a warehouse or distribution door built at a standard elevated height so truck trailers sit level with the warehouse floor for direct loading and unloading. Think of it like a raised driveway that lets forklifts roll straight into a van instead of using a ramp. Investors care because dock-high facilities move goods faster, reduce labor and equipment needs, and are more attractive to tenants, all of which affect operating costs and property value.
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Eight-building portfolio marks Speed Bay’s first acquisition in the Philadelphia / Southern New Jersey market as the firm continues to expand its shallow bay footprint in the Northeast region
PHILADELPHIA--(BUSINESS WIRE)--
Speed Bay Warehouse Solutions (“Speed Bay”), a vertically integrated real estate investment and operating platform focused exclusively on shallow bay, multi-tenant light industrial real estate, today announced the acquisition of The Philadelphia Interstate Portfolio, an eight-building, 488,936-square-foot small-bay industrial portfolio located across Burlington County, New Jersey, and East Montgomery and Delaware Counties in Pennsylvania. This acquisition, which marks Speed Bay’s first in both the Philadelphia / Southern New Jersey market and the broader Northeast region, advances the firm’s strategy to invest in small bay, multi-tenant industrial assets situated in high-demand, supply-constrained infill markets across the U.S.
The portfolio, which is currently 89.6% leased, is comprised of property vintages spanning from 1972 to 2004. Across 24 suites, the average unit size is 20,372 square feet.Combined with clear heights ranging from 17 to 33 feet and a mix of both dock-high and grade-level loading, the portfolio offers a highly functional product that meets the needs of a diverse group of tenants operating in a variety of industries including transportation, warehousing, manufacturing, health care/social assistance, arts, entertainment, recreation and more. Each asset offers near-immediate access to I-95, I-76, or I-295, providing connectivity not only to the Greater Philadelphia MSA, but also to the broader East Coast corridor.
“This acquisition represents an important step in our expansion within the Northeast, a region we have identified as a strategic priority for investment given its dense, infill markets and constrained new supply,” said Michael Moriarty, Head of Acquisitions at Speed Bay. “This portfolio’s seamless connectivity to the growing population density of the East Coast and various suite size options to meet a diverse tenant demand set ideally position these assets to effectively provide quality warehouse solutions that support the growth of small businesses in the region. We look forward to applying our hands-on operating approach to support our tenants’ critical business functions within these assets as we continue to grow our presence in the Philadelphia and Northeast markets.”
About Speed Bay Warehouse Solutions
Speed Bay Warehouse Solutions is a Denver-based real estate investment and management firm focused exclusively on shallow bay, multi-tenant light industrial properties. Founded in 2024 by Evan Zucker and Jimmy Mulvihill – the entrepreneurs behind Black Creek Group, a leading real estate investment management firm acquired by Ares Management (NYSE: ARES) in 2021 – Speed Bay’s senior management team brings an average of approximately 30 years of experience executing across all aspects of the industrial sector. Speed Bay is headquartered in Denver with regional offices in Dallas, Atlanta, and the Northeast, and personnel in Philadelphia, Phoenix, and Tampa. For more information, visit www.speedbay.com.
