Tastykake’s headquarters at the Philadelphia Navy Yard has been sold to Salt Lake City-based Bridge Investment Group, writes Paul Schwedelson for the Philadelphia Business Journal.
Prologis, the logistics real estate firm that had owned the 345,500-square-foot property since 2020 after a merger with Liberty Property Trust, sold the building in a $87 million deal.
The firm announced that it had put the building on the market back in September 2025.
Tastykake is the full occupant of the building, and has nine years remaining on what is a 26-year lease.
The building, which serves as TastyKake’s primary bakery and largest distribution center, was constructed in 2009.
The noted snack food company was founded in 1914 and had its headquarters in North Philadelphia for nearly 90 years before moving to the Navy Yard, Upon its move to the Navy Yard, Tastykake sold its former bakery, corporate offices, and distribution center.
Bridge Investment Group, its headquarters new owner, focuses on industrial net-lease properties and targets real estate “located in prime growth and logistically connected markets leased to high-quality credit tenants,” according to the firm’s website.
Read more about the change in ownership for Tastykake’s headquarters in the Philadelphia Business Journal.
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