DHPH Acquires Large Industrial Logistics Property in Delanco

On Jun 24, 2025

NAI Mertz has facilitated the sale of 800 Coopertown Road in Delanco, a 273,000-square-foot industrial logistics facility. The buyer was a joint venture between DH Property Holdings LLC (“DHPH”) and DRA Advisors LLC. This is the first asset DHPH, a leading owner/operator of urban infill logistics facilities, and DRA Advisors, a registered real estate investment advisor with more than $11 billion in AUM, have acquired together. Soho Studio Corporation was the seller.

“I am pleased to have been instrumental in bringing this property to 100% leased status at the time of closing and to have worked with the DHPH-DRA joint venture in bringing a quality asset to its portfolio,” said Scott Mertz, SIOR, president of NAI Mertz. “This property is situated in a well-located industrial corridor within the state and provides significant room to enhance performance through leasing and operational improvements.”

At closing, the asset was 100% leased. DHPH is launching a comprehensive repositioning program for the property and will bring a 100,000-square-foot space to market within 12 months that can be delivered with racking. The building has strong Class B features including 22’+ clear ceiling height, 130’+ truck courts, a 1/10,000 SF dock door ratio, 40’ x 40’ column spacing, ample auto and trailer parking and 3,000 amps of power. “This acquisition represents a rare opportunity to secure a functional and well-located logistics asset with immediate scale and long-term upside at an attractive basis”, said Dov Hertz, founder of DH Property Holdings. “Strong pre-leasing momentum is a testament to the quality of the asset and the uptick in tenant demand we have been experiencing across the region.”

To access more business news, visit NJB News Now.

Related Articles: