NAI Mertz’s Scott Mertz Facilitates Sale of 273,000 SF Industrial Logistics Property in Delanco, NJ

Mount Laurel, NJ (June 24, 2025) – NAI Mertz is pleased to announce that Scott Mertz, SIOR, President, facilitated the sale of  800 Coopertown Road in Delanco, NJ. The property is a 273,000-square-foot industrial logistics facility. The buyer was a joint venture between DH Property Holdings LLC (“DHPH”) and DRA Advisors LLC. This is the first asset DHPH, a leading owner/operator of urban infill logistics facilities, and DRA Advisors, a registered real estate investment advisor with more than $11 billion in AUM, have acquired together. Soho Studio Corporation was the seller.

“I am pleased to have been instrumental in bringing this property to 100% leased status at the time of closing and to have worked with the DHPH-DRA joint venture in bringing a quality asset to its portfolio,” said Scott Mertz. “This property is situated in a well-located industrial corridor within the state and provides significant room to enhance performance through leasing and operational improvements,” he added.

At closing the asset was 100% leased. DHPH is launching a comprehensive repositioning program for the property and will bring a 100,000-square-foot space to market within 12 months that can be delivered with racking. The building has strong Class B features including 22’+ clear ceiling height, 130’+ truck courts, a 1/10,000 SF dock door ratio, 40’ x 40’ column spacing, ample auto and trailer parking and 3,000 amps of power.

“This acquisition represents a rare opportunity to secure a functional and well-located logistics asset with immediate scale and long-term upside at an attractive basis”, said Dov Hertz, founder of DH Property Holdings. “Strong pre-leasing momentum is a testament to the quality of the asset and the uptick in tenant demand we have been experiencing across the region.”

About NAI Mertz

Founded in 1980, NAI Mertz is a leading full-service commercial real estate firm conducting business throughout the United States, and globally, from its regional offices in New Jersey, greater Philadelphia and northeastern Pennsylvania. The company provides expert services in brokerage, leasing, sales, investments, property management, site selection and construction management in the industrial, office and retail sectors.  NAI Mertz’s clients include Fortune 500 companies, financial institutions, private investors, large public corporations and small businesses. Its partnership with NAI Global, a top 5 commercial real estate brand, enables the firm to provide large-scale global real estate services. NAI Mertz has been recognized as an Office of the Year for NAI Global selected from a pool of 375 NAI offices.  NAI Global comprises more than 6,000 commercial real estate professionals and manages over 1.15 billion square feet of space.

For more information on NAI Mertz, visit its web site at www.naimertz.com, or 800.520.7139.