Barings Provides $135M Construction Loan For 750K SF Industrial Property In Philadelphia

An industrial property located at 5000 Richmond in Philadelphia has recently undergone a closed loan transaction. The property spans 750,000 square feet and is owned by DH Property Holdings, represented by Dov Hertz and Aaron Malitzky. The transaction was facilitated by Barings as the lender.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $135,000,000
• Address: 5000 Richmond, Philadelphia
• Market: Philadelphia

In this transaction, Walker & Dunlop represented the landlord, DH Property Holdings. The broker team included Aaron Appel, Jonathan Schwartz, Keith Kurland, Adam Schwartz, Mo Beler, Michael Diaz, and Michael Ianno. The loan, amounting to $135,000,000, was of the construction type.