DH Property Holdings, LLC, a leading developer and owner of logistics facilities for the urban infill industry, announced the acquisition of a development site in Malden, Massachusetts. The 5 acres franchised industrial park will soon be developed into a 94,095 sq ft Grade A industrial facility in a joint venture with local developer Pugh Management. Demolition and construction is scheduled to begin on the development site with full rights in May.
The Newmark team consists of Brian Pinch, Tony Coskren, Ed Jarosz, Rick Schuhwerk, Matt Pullen and Samantha
Hallowell, Jim Tribble was involved in the sale of the transaction.
The 735 Broadway location is DHPH’s third industrial acquisition in Boston with a total capitalization of $107 million in 362,000 square feet. The property is the first acquisition of assets from the Company’s newly formed DHPH IDF I LP.
Once developed, the facility will support 23 dock gates and one drive-in. It will also have 32 feet of headroom and parking for 107 vehicles. The location is seven miles from downtown Boston, Boston Logan Airport and has direct access to US-1 and US-99.
“Demand for logistics space in the Boston area has continued to accelerate given the limited supply and
rising rents,” said DHPH founding director Dov Hertz. “This is an ideal location and our team at
Design and development professionals will provide a state-of-the-art facility to support tenants who request it
to meet the sales needs of their customers.”
In addition to its existing properties, DHPH currently has over 5 million square feet or over $2.5 billion.
of Class A urban warehouses completed or under development throughout the Northeast, including in New York City, Boston and Philadelphia.
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