Nearly 1 Million Square Feet of Industrial Space Just Leased in Morrisville — What It Signals for Bucks County's Real Estate Market

By Josh McKnight | The McKnight Team

Automated warehouse company Exol has signed a lease for the entire South Penn Logistics Center at 2300 S. Pennsylvania Ave. in Morrisville, Bucks County — occupying 973,200 square feet in what ranks as one of the largest industrial leases in the Philadelphia region in recent years and the biggest industrial deal of 2026 so far. The facility, completed last year by Chicago-based Logistics Property Co., sits along the Delaware River directly across from Trenton, New Jersey. Exol, a California-based company formerly known as GreenBox that specializes in AI-driven automated fulfillment, will use this as its sixth location and first footprint in the Philadelphia region.

Why Industrial Activity Matters to the Residential Market

It's a reasonable question: what does a warehouse lease have to do with buying or selling a home in Bucks County? The answer is employment. A facility of this scale — nearly a million square feet of automated fulfillment space — generates a significant number of jobs in operations, logistics management, technology, and supporting roles. Those jobs attract and retain workers, and workers need places to live. Lower Bucks County has historically benefited from its position at the crossroads of the I-95 and Route 1 corridors, and each major employment anchor that establishes a presence here reinforces that advantage.

This deal joins a regional pattern worth noting. Lower Bucks has seen consistent industrial and logistics investment over the past several years, and the cumulative effect on housing demand in towns like Morrisville, Bristol, Levittown, and Langhorne has been steady. These aren't dramatic overnight shifts — but they are the kind of employment-driven signals that support home values over time.

What This Means for Buyers and Sellers in Bucks County

For buyers considering lower Bucks County as a target area, the employment infrastructure being built here is a meaningful long-term indicator. Areas with growing job bases tend to hold value better and attract more consistent demand. If you're weighing lower Bucks against other options at a similar price point, the economic activity concentrated along the Route 1 and I-95 corridor is worth factoring into that comparison.

For sellers in this part of Bucks County, sustained employer activity means the pool of motivated, qualified buyers remains healthy. Buyers tied to logistics and fulfillment industry jobs are active and often looking for homes close enough to their work to make the commute manageable.

Thinking about buying or selling in Bucks County? Let's talk. The McKnight Team tracks the economic drivers and neighborhood trends that shape real estate decisions across the county. Visit TheMcKnightTeam.com.

Source: Philadelphia Business Journal, 3/5/2026