DH Property Holdings LLC (DHPH), a vertically integrated owner and developer of urban infill industrial facilities, has aggressively expanded its footprint in the greater Philadelphia metro area with two separate acquisitions totaling nearly $11.75 million. The deals, both secured off market, involve fully leased shallow bay industrial properties in Montgomery County and Chester County, Pennsylvania, totaling approximately 100,000 square feet.
DHPH acquired 850 Davisville Road in Willow Grove, Montgomery County, PA, for $5.225 million.
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Property Details: The 5.55-acre site includes a 36,597-square-foot warehouse and an additional 1.16 rentable acres for Industrial Outdoor Storage (IOS). The property features 18′ clear heights and 10 oversized drive-in doors.
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Occupancy: The warehouse is 100 percent leased to six tenants, with an additional two existing IOS tenants, accommodating the robust demand for units under 20,000 square feet.
The property is strategically located 1.8 miles from the I-276 ramps in the Montgomery County submarket, a key distribution corridor characterized by a deep labor pool and proximity to distribution nodes.
DHPH founder Dov Hertz noted, “This is a functional shallow-bay asset in a high-barrier-to-entry industrial market, and we anticipate significant long-term rent growth.” Scott Merz, president of NAI Mertz, represented DHPH in the acquisition.
In a separate transaction, DHPH partnered with DRA Advisors to acquire 950 Township Line Road in Chester, Delaware County, PA, for $6.5 million. This acquisition marks DHPH’s fourth transaction with DRA Advisors.
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Property Details: The 3.5-acre site includes a total of 63,080 square feet across two buildings—a 40,080-square-foot warehouse and a 15,000-square-foot service facility. The complex features nine loading docks and one drive-in door.
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Occupancy: The property is fully leased to three tenants with units ranging from 7,500 to 25,000 square feet.
Located half a mile from the I-95 ramps, this submarket is seeing sustained tenant demand, driven by its high concentration of blue-collar and service-sector workers and proximity to the dense population of the greater Philadelphia metro region.
Hertz commented that the property offers “long-term value as rent growth matches demand from tenants seeking close proximity to the dynamic and growing market.”
Both acquisitions are strategically positioned to capitalize on the high-demand, low-vacancy industrial markets of Southeastern Pennsylvania. Montgomery and Delaware Counties are experiencing notable market tightening, with vacancy rates for buildings under 75,000 square feet registering just 3.3% to 3.8%, significantly below the wider Philadelphia market average.
