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Developer proposes 1-million-square-foot warehouse in Bucks County

Stalwart Equities Inc., a New York real estate company, is proposing to develop a 1-million-square-foot warehouse on nearly 100 acres fronting the Delaware River in Bucks County.

Stalwart has put under agreement roughly 96 acres of in Falls. Nearly 85 acres of the site was used by Solvay USA Inc., which was formerly known as Rhodia Inc., a chemical company that was initially spun out of Rohne Poulenc. Another 11 acres that will be part of the development lie along South Pennsylvania Avenue and a former Rogers Foam Corp. parcel on East Post Road.

Preliminary plans call for the construction of a warehouse totaling 916,300 square feet with 60,000 square feet of office space.

Bucks County, from Quakertown to Fairless Hills, has increasingly become a focus for those owning and developing warehouse-distributions centers as well as tenants looking for space to occupy. Proximity to major highways and dense population center as well as availability of land and labor is driving the uptick in activity.

For example, NorthPoint Development Inc. has reportedly locked up a 1,200-acre property owned by U.S. Steel Corp. along the Delaware River in Falls to expand its Philadelphia-area presence. Earlier this year, a partnership between affiliates of Endurance Real Estate Group and Thackeray Partners sold a four-building, 240,358-square-foot complex at the Penn Warner Industrial Park in Fairless Hills for $18 million to Exeter Property Group. Amazon Inc. leased a newly constructed 235,240-square-foot warehouse at 3750 State Road in Bensalem, adding to its presence in Bucks. The company leases warehouse space in Langhorne.

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