DH Property Secures $175M for Philly Industrial Project

DH Property secures $175M for 760,000-SF Northeast Philadelphia industrial project

New York-based DH Property Holdings has secured $135 million in construction financing for a two-building, 760,000-square-foot warehouse distribution complex in Northeast Philadelphia at 5000 Richmond St.

Barings, a subsidiary of MassMutual, provided the construction loan. The developer also secured $40 million in limited partner equity.

*Article courtesy of Philadelphia Business Journal

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