NAI Mertz and Italiano CRE broker deals in Willow Grove and Chester

Montgomery & Delaware, PA — DH Property Holdings LLC (DHPH) has acquired 850 Davisville Rd. in Willow Grove, in Montgomery County, for $5.225 million in an off-market transaction. The 5.55-acre site includes a 36,597 s/f warehouse and an additional 1.16 rentable acres for IOS. The property features four dock doors, 10 oversized drive-in doors (1/2,614 s/f), 18’ clear heights, a 75’ building depth, and 81 parking spaces.

The warehouse property is 100% leased to six tenants ranging from 3,700 s/f to 14,250 s/f in the warehouse, with an additional two existing IOS tenants. Scott Mertz, president of NAI Mertz, represented DHPH in the acquisition of the family-owned property.

“850 Davisville Rd. offers a range of unit sizes, accommodating the robust and increasing demand by tenants 20,000 s/f and under,” said DHPH founder Dov Hertz. “This is a functional shallow-bay asset in a high-barrier-to-entry industrial market, and we anticipate significant long-term rent growth.”

Located 1.8 miles from the I-276 on/off ramps, the property sits within the Montgomery County submarket, one of the most established distribution corridors in the greater Philadelphia metro area, offering strong connectivity, a deep labor pool, and proximity to key distribution nodes.

Also in Pennsylvania, DH PH and DRA Advisors have acquired 950 Township Line Rd., a 3.5-acre site with 63,080 s/f of industrial space in two buildings in Chester, for $6.5 million.

The property, which includes a 40,080 s/f warehouse and a 15,000 s/f service facility, is fully leased to three tenants with units ranging from 7,500 to 25,000 s/f of space. The warehouse property offers nine loading docks and one drive-in door; truck court depth of 155 feet; building depth of 65 feet, and 16’ clear heights. The service facility offers two drive-in loading docks, and 20-foot clear heights.

The property was acquired in an off-market transaction from a long-term family owner who was represented by Steve Italiano president of Italiano Commercial Real Estate Services LLC. This acquisition marks DHPH’s fourth transaction with DRA Advisors and expands their Northeast portfolio to 500,000 s/f.

Strategically located .5 miles from the I-95 on/off ramps, the property sits within the Delaware County Submarket, one of the most established corridors in the greater Philadelphia metro region, offering proximity to key distribution nodes and a dense population.