South Philadelphia warehouse sells for $24M, more than triple the price of 2019 sale

DH Property Holdings has paid $24 million for 200 Pattison Ave., a fully-occupied, 96,000-square-foot warehouse in South Philadelphia. 

The New York real estate company bought the property from Ivy Holdings, which had acquired the cold storage facility in 2019 for $7.2 million. The recent sale reflects a 233% increase over 2019. Prior to that, the last time it sold was in 1988 when Bloomfield Holdings Inc. bought it for $2.1 million.