509 Heron Drive in Swedesboro — Courtesy: DH Property Holdings LLC
By Joshua Burd
DH Property Holdings LLC has added to its South Jersey portfolio with the acquisition of a 55,000-square-foot industrial building in Swedesboro.
The Manhattan-based firm said the property, 509 Heron Drive, is part of the well-known Pureland Industrial Park and includes three acres of excess parking. It’s also just a half-mile from Interstate 295 and less than five miles from the Commodore Barry Bridge, catering to both regional and last-mile users while providing easy access to Philadelphia International Airport and Packer Avenue Marine Terminal.
Jonathan Klear of NAI Mertz and Ian Richman and Marc Isdaner of Colliers arranged the off-market sale, the terms of which were not disclosed, according to a news release. DH Property Holdings said it now owns nearly 1 million square feet of Class B industrial space in southern New Jersey, touting the strength of the property in a market segment with extremely tight inventory.
“The site offers a rare opportunity to cater not only to the core industrial demand of sub-100,000-square-foot tenancy, but also the strong (industrial outdoor storage) market of sub-four-acre tenancy,” said Dov Hertz, DH Property Holdings’ founder. “The strategically located Pureland Industrial Park is a virtual who’s who of industrial real estate owners and national tenants that has historically outperformed.”
Located on a 14.71-acre site, the facility has five loading docks and four drive-ins, more than 130 truck courts, 60 striped parking spaces for autos and 22-foot clear ceiling heights, the news release said. The three-acre fenced storage yard, meantime, is milled and lit for rent.
