The Tastykake baking campus at the Navy Yard just changed hands for $87 million. The 345,500-square-foot facility at 4300 South 26th Street, the place where every Butterscotch Krimpet and Peanut Butter Kandy Kake on the East Coast gets made, was sold by Prologis to a new institutional buyer.
Before anyone panics, Tasty Baking Co. isn’t going anywhere. They’re still the tenant under a long-term lease with roughly a decade left on the agreement. This is a landlord swap, not a shutdown.
Tastykake’s headquarters in South Philadelphia has been sold for $87 million about seven months after it was put on the market. https://t.co/zG8RYgGKCN
— Philadelphia Business Journal (@PHLBizJournal) May 11, 2026
The building was finished in 2009 as a build-to-suit project created specifically for Tastykake’s operations. It combines production lines, packing areas, and warehouse space into one cross-dock manufacturing and distribution complex…