The Port of Philadelphia has acquired the long-coveted 152-acre Mustin Yard in a $90 million deal, write Ryan Mulligan and Paul Schwedelson for the Philadelphia Business Journal.
The property, owned since 2008 by Georgia-based Norfolk Southern, is located just south of I-95 and east of the Navy Yard. The purchase marks an important step in PhilaPort’s 15-year strategic plan, released last year, outlining a planned $2 billion investment in land acquisition and capital projects.
The Mustin Yard acquisition was made using state funding.
The newly added site, once part of the Philadelphia Navy Yard, is between the Packer Avenue Marine Terminal and the Southport Auto Terminal.
Mustin Yard, which is currently mostly open land, “represents the last available land at the nexus of deep water, rail, and highway access” and has “long been viewed as a critical asset for the port’s future growth,” said PhilaPort.
PhilaPort Chairman Michael Pearson called the purchase of the site as “a generational opportunity.”
The property includes an intermodal transfer facility that PhilaPort will be used to move cargo to rail.
This acquisition will allow PhilaPort to expand its cargo capacity, bringing it closer to its goal of tripling container capacity over the next 15 years.
Read more about PhilaPort and its new acquisition of Mustin Yard in the Philadelphia Business Journal.
_____
Editor’s Note: This post first appeared on PHILADELPHIA Today in October 2025.
