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Brokerage
Posted: February 28, 2023
DH Property Holdings leases parcel to IAA
Staten Island, NY DH Property Holdings, LLC has leased nearly 30% of its 53-acre industrial site to IAA, Inc. an outdoor storage operator and leader in the salvage vehicle industry.
The property, located at 1900 South Ave., is the largest privately owned industrial site in New York City, and offers tri-modal access, including a railroad track connection to the CSX/NS National Rail System served by Conrail, a 650-foot waterfront steel bulkhead dock, and direct interstate access to Rte. 440. It also offers ready access to Goethals Bridge, Verrazzano-Narrows Bridge, and the largest port on the East Coast–The Port of New York & New Jersey.
The site at 1900 South Ave. is zoned for industrial use and accommodates a broad range of uses. In addition to IAA, the site is occupied by an asphalt manufacturer and a recycling plant.
“This site has an ideal location in one of the most sought-after industrial markets in the country,” said DHPH founder and principal Dov Hertz. “1900 South Ave. enables tenants to capitalize on accessibility, scalability and multimodal transportation opportunities at a time of limited supply for land in the greater New York market.”
DHPH is a leading developer of urban distribution warehouses with 6.5 million s/f of class-A facilities under management throughout the Northeast, including in New York City, Boston, New Jersey and Philadelphia.
“IAA’s strategic approach to real estate hinges on our ability to provide capacity that aligns with our customers’ needs,” said IAA CEO and president John Kett. “Maintaining capacity in densely populated, catastrophe-prone areas like New York City not only supports day-to-day operations but also helps us respond quickly to surges in volume from weather-related events.”
Founded in 2016 by Dov Hertz, DHPH is a Manhattan-based industrial real estate development, investment and management firm that has been at the forefront of the industrial logistics trend, developing best-in-class distribution warehouses in complex and challenging urban environments. The company developed 640 Columbia St., the first multi-story logistics center on the East Coast.
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