Dov Hertz: Visionary Leadership in Urban Industrial Real Estate
Dov Hertz stands at the forefront of urban industrial real estate development in the United States. As the founder and principal of DH Property Holdings (DHPH), Hertz has pioneered the transformation of dense, urban infill areas into state-of-the-art logistics hubs, responding to the evolving demands of e-commerce and last-mile distribution. His expertise and leadership have propelled DHPH to become a recognized innovator in the design, development, and repositioning of industrial properties across major northeastern cities.
Early Career and Industry Experience
Before establishing DH Property Holdings in 2016, Dov Hertz built a formidable reputation in the New York real estate market. He served as Executive Vice President of Acquisitions and Asset Management at Extell Development Company for over 13 years, where he was instrumental in negotiating and supervising acquisitions exceeding $20 billion in value. Hertz was directly responsible for sourcing some of New York City’s most high-profile transactions, including The Ring Portfolio, One 57, Nordstrom Tower, and One Manhattan Square.
Prior to his tenure at Extell, Hertz gained experience as a commercial broker at Eastern Consolidated and as Senior Vice President at Everest Broadband Networks, where he negotiated over 250 million square feet of access deals nationwide. This diverse background provided him with a unique perspective on both the investment and operational sides of commercial real estate.
Founding of DH Property Holdings
In 2016, recognizing the shifting landscape of logistics and industrial real estate, Hertz founded DH Property Holdings. The firm was established with a clear focus: to develop, invest in, and manage complex industrial distribution warehouses within dense, urban infill locations. Since its inception, DHPH has developed more than 6 million square feet of modern infill and shallow-bay properties in key northeastern cities, including New York, Boston, and Philadelphia. Additionally, the company has assembled a portfolio exceeding 1.6 million square feet of existing, value-add buildings in these markets.
Hertz’s leadership shapes the firm’s investment policies, daily management, and strategic direction as DHPH continues its national expansion. The company is widely recognized as a pioneer in the design and development of urban infill logistics facilities, consistently staying ahead of market trends and technological advancements.
The DHPH Team: Expertise Driving Innovation
Dov Hertz is supported by a team of seasoned professionals whose expertise spans real estate finance, asset management, architecture, and development. Their collective experience underpins DHPH’s success in executing complex projects in challenging urban environments.
Yisroel (Yis) Markowitz
Yis Markowitz began his career in the Real Estate Assurance Practice at PricewaterhouseCoopers, working with both public and private REITs, large institutional funds, and developers. He later served as Controller for SHVO Concepts LLC, overseeing accounting, tax, and finance for high-profile luxury development projects. Markowitz holds a Bachelor of Science in Accounting from Touro College and is a licensed CPA in New York.
Aaron Malitzky
Aaron’s background includes asset management and development oversight of approximately 1.5 million square feet of real estate valued at over $1 billion in New York City, primarily during his time at Meadow Partners. He also worked at Newmark Knight Frank and holds advanced degrees in Real Estate Finance from NYU and a BA from Yeshiva University. Aaron was recognized as a “Rising Star” in Commercial Real Estate by Crain’s.
Michael Bennett
With deep expertise in land-use, planning, and multi-story urban infill projects, Bennett brings critical insight into zoning and infrastructure challenges. He began his career as a designer at Ware Malcomb, eventually leading the East Coast division. Bennett is a LEED-accredited designer and certified by the National Council of Architectural Registration Boards, with a degree in architecture from the University of Arizona.
Ariel Tambor
During his time at HWE, Ariel completed more than $2.0 billion of transactions throughout New York City. Prior to joining HWE, Ariel worked at Cushman & Wakefield. Ariel holds a Bachelor of Science from New York University Stern School of Business.
This multidisciplinary team enables DHPH to navigate the complexities of urban industrial development, from acquisition and design to construction and asset management.
Signature Developments: Transforming Urban Logistics
DH Property Holdings has delivered a portfolio of innovative projects that exemplify the firm’s approach to urban infill development. Below are highlights of key properties that showcase DHPH’s impact on the industrial real estate landscape.
640 Columbia Street: A Landmark in Red Hook, Brooklyn
DHPH’s debut development, 640 Columbia Street, set a new standard as the first multi-story speculative distribution warehouse on the East Coast. Located in Red Hook, Brooklyn, this 336,350-square-foot facility is strategically positioned just minutes from Manhattan and the nation’s largest e-commerce hub. The property was swiftly leased to a national credit tenant, underscoring its appeal and the growing demand for last-mile logistics solutions in urban centers.
Sunset Industrial Park: Revolutionizing Last-Mile Distribution
Sunset Industrial Park in Brooklyn represents one of DHPH’s most ambitious projects. The firm is transforming this site into a 1.4 million-square-foot, multi-story last-mile distribution center. The design is revolutionary for the region, providing efficient access to Manhattan, Brooklyn, and the greater New York City area. The park’s multi-level configuration maximizes space in a dense urban environment, addressing the scarcity of industrial-zoned land and the need for proximity to consumers.
55 Bay Street: Staten Island’s Strategic Industrial Hub
55 Bay Street is another notable DHPH property, offering a rare combination of accessibility, size, and tri-modal transportation options. Located in Staten Island, this development leverages its position to serve as a powerful industrial hub, supporting both regional and local distribution needs.
735 Broadway: State-of-the-Art Facility in Boston
DHPH is developing a 94,095-square-foot, Class-A industrial facility at 735 Broadway in the Boston submarket. This project will deliver modern logistics infrastructure to a market experiencing rapid growth in e-commerce and distribution activity.
800 River Road: King of Prussia Distribution Campus
In the heart of the King of Prussia submarket, DHPH is developing a 758,240-square-foot, Class-A distribution campus. This facility will further solidify the firm’s presence in the Philadelphia metropolitan area and provide advanced logistics capabilities to tenants.
Additional Noteworthy Properties
121 High Hill Street, Woolwich Township, NJ: A 106,528-square-foot industrial asset with modern features, acquired in 2023.
54 Bodwell Street: A 70,337-square-foot property fully leased to a long-established HVAC distributor.
60 Page Road: A 47,985-square-foot facility recently leased to a national restaurant appliance distributor expanding to the East Coast.
200 Pattison Avenue, Philadelphia: A 96,000-square-foot property fully occupied by a foodservice industry tenant serving the School District of Philadelphia.
94-104 Glenn Street, Lawrence, MA: A 207,488-square-foot light industrial asset that underwent significant capital improvements, resulting in new leases and enhanced value.
These properties reflect DHPH’s strategy of acquiring and repositioning assets to meet the needs of modern logistics tenants, often through targeted capital improvements and upgrades.
Strategic Approach: Urban Infill and Last-Mile Logistics
DHPH’s success is rooted in its focus on urban infill locations—areas within or adjacent to major metropolitan centers where demand for industrial space is highest. By prioritizing proximity to population centers, the company enables tenants to achieve faster, more efficient last-mile delivery, a critical advantage in today’s e-commerce-driven economy.
The firm’s expertise in multi-story development is particularly noteworthy. As urban land becomes increasingly scarce and expensive, DHPH’s ability to design and construct multi-level facilities allows for greater density and operational efficiency. This approach not only maximizes land use but also positions tenants to better serve urban consumers.
Innovation and Market Leadership
DH Property Holdings is widely recognized as a pioneer in the industrial logistics sector. The firm’s projects often set new benchmarks for design, functionality, and sustainability. For example, the use of LED lighting upgrades, modern loading docks, and advanced building systems enhances operational efficiency and tenant satisfaction.
DHPH’s willingness to tackle complex zoning and infrastructure challenges also distinguishes the firm. The team’s experience with land-use planning and regulatory navigation enables the successful execution of projects in some of the country’s most challenging real estate markets.
Looking Ahead: National Expansion
Under Dov Hertz’s leadership, DHPH continues to expand beyond its northeastern base. The firm’s growing portfolio and pipeline of new developments reflect its commitment to meeting the evolving needs of logistics and distribution tenants nationwide. As e-commerce continues to reshape supply chains, DHPH is well-positioned to remain at the forefront of urban industrial real estate innovation.
Dov Hertz and his team at DH Property Holdings exemplify visionary leadership and operational excellence in urban industrial development. Through a combination of strategic site selection, innovative design, and deep market expertise, DHPH has delivered transformative projects that support the growth of e-commerce and modern logistics. As the firm continues to expand its footprint, it stands as a leading force in redefining how cities accommodate the demands of a rapidly changing economy.