Posted on August 13, 2025
The Port of Philadelphia completed a trio of acquisitions by purchasing a three-acre parcel on Columbus Boulevard for $5.7 million, part of its $2 billion strategic plan aimed at broad expansion, writes Ryan Mulligan for the Philadelphia Business Journal.
PhilaPort added the parcel at 2906 Christopher Columbus Boulevard to the previously acquired adjoining properties at 2904 and 2908 S. Christopher Columbus Boulevard. The larger, 15-acre parcel was bought in January 2025 for $34 million, while the second three-acre parcel cost $6 million and was acquired in 2022.
These three acquisitions are the initial steps that PhilaPort is taking toward its planned 15-year expansion that was outlined in the Destination 2040 plan released late last year. The port plans to invest roughly $2 billion in various capital projects and land acquisitions during that period, in a plan projected to create around 9,000 new jobs and to triple container capacity.
According to Ryan Mulvey, PhilaPort’s director of government and public affairs, the latest acquisition has “long been a strategic priority for PhilaPort.”
“Its acquisition aligns with our long-term vision and strategic plan to expand and modernize port operations,” he said.
