In December 2020, DH Property Holdings bought 67 acres at 5000 Richmond St. in the Bridesburg section of Philadelphia and is now ready to move forward with a $120 million speculative development of two large warehouse-distribution buildings.
One building will total 348,000 square feet and the other 411,000 square feet, joining upwards of 15 million square feet of industrial development in various stages in Northeast Philadelphia and nearby neighborhoods.
“We are strong believers in the urban infill market for logistics distribution facilities,” said Dov Hertz, founder and principal of DH Property. “We think our location at 5000 Richmond is, if not the best, one of the best locations in the market.”
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DH Property Holdings is a leading real estate development, investment and asset management firm focusing on complex industrial distribution warehouses in dense, urban-core areas.
