The Port of Philadelphia announced it has purchased 29 acres, the site of the former Philadelphia Produce and Seafood Terminal at Third Street and Pattison Avenue in South Philadelphia, for $10 million to support future port growth.
The land, acquired from the Philadelphia Industrial Development Corp. (PIDC), will be used to relocate warehouses that are currently on the dock at Packer Avenue Marine Terminal and will make room for more containerized cargoes arriving on ships. The acquisition is part of a $300 million investment by the Wolf administration to update port terminals, wharves, and cargo cranes.
"As we densify and increase container capacity at Packer Avenue Marine Terminal, we needed more land to grow," said Jeff Theobald, CEO of the Philadelphia Regional Port Authority, renamed PhilaPort in May. Pennsylvania is landlord and owner of 15 piers and terminals on the Delaware River.