Dov Hertz’s DH Property Holdings has acquired a 45-acre development
site at 1900 South Avenue on Staten Island’s western coast for a reported $65
million.
Cushman & Wakefield served as the exclusive advisor to
DH Property Holdings to set up a joint venture to developed the property as a warehouse/distribution
hub.
An Equity, Debt & Structured Finance team of John
Alascio, Sri Vankayala, Chuck Kohaut, TJ Sullivan and Emily Johansen arranged acquisition
financing, which was provided by CIM Group.
“The DH Property Holdings team did an outstanding job
bringing this unique site under contract to purchase off market, recognizing
its irreplaceable location in one of the most sought-after industrial markets
Dov Hertz forms JV to built next distribution hub rew-online.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from rew-online.com Daily Mail and Mail on Sunday newspapers.
450 West 31st Street, New York, NY 10001 Phone: 212-260-1332
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. click hereOk, Got it
Privacy & Cookies Policy
Privacy Overview
This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.