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DH Property Holdings Secures Nearly $77M Loan for Industrial Development

The 282,736-square-foot logistics facility is being financed through Invesco Real Estate and Webster Bank.

PHILADELPHIA–DH Property Holdings has secured $76.8 million in financing from Invesco Real Estate and Webster Bank to retire its $59 million construction loan for its newly completed industrial development at 9801 Bluegrass Road in Philadelphia, PA.

The new facility, fully leased to TJX Companies, is 54 foot clear with the structural capacity to load the entire clearstory. The building features modern accommodations, including ESFR sprinkler systems, LED lighting, and dock loading as well as car and trailer parking. The property is situated near Route 1 and offers direct access to Interstate 95 and the Pennsylvania Turnpike.

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David Hoffman

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