{"id":325302,"date":"2026-08-19T21:46:07","date_gmt":"2026-08-19T21:46:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/325302\/"},"modified":"2026-08-19T21:46:07","modified_gmt":"2026-08-19T21:46:07","slug":"dov-hertz-offloads-major-staten-island-industrial-site-for-167m-commercial-observer","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/325302\/","title":{"rendered":"Dov Hertz Offloads Major Staten Island Industrial Site for $167M \u2013 Commercial Observer"},"content":{"rendered":"

A 53-acre industrial outdoor storage (IOS) parcel on Staten Island just changed hands for $167 million.\u00a0<\/p>\n

Real estate investment firm Jadian Capital<\/a> acquired the property at 1900 and 1800 South Avenue, located on the island\u2019s west shore, from Dov Hertz\u2019s Kadima Industrial Partners<\/a>, according to broker Cushman & Wakefield<\/a>. The Real Deal first reported<\/a> the news.\u00a0<\/p>\n

SEE ALSO: The Broker\u2019s Guide to Winning Certainty in Bridge Lending<\/a><\/p>\n

\u201cA well-deserved congrats to Kadima Industrial Partners and our buyer for closing one of the market\u2019s largest industrial outdoor storage trades,\u201d Kyle Schmidt, a vice chairman at C&W, wrote in a LinkedIn post<\/a> Tuesday. \u201cFully leased, the 53-acre property illustrates the continued user and capital demand for sites offering proximity to infrastructure and consumers.\u201d<\/p>\n

Spokespeople for C&W, Jadian Capital and Kadima Industrial did not immediately respond to Commercial Observer\u2019s requests for comment.\u00a0<\/p>\n

Schmidt listed C&W brokers Gary Gabriel, Ryan Larkin, Seth Zuidema, Helen McCarthy Paul, Rico Murtha and Gurpreet Singh in his LinkedIn post as representing the seller. It is unclear who represented the buyer in this deal.\u00a0<\/p>\n

Hertz\u2019s DH Property Holdings<\/a> had acquired both Staten Island sites in two separate transactions \u2014 one in 2020 and the other in 2021 \u2014 for a total of $79 million, according to TRD. Since then, the property owner spent about $10 million in capital projects on the site.\u00a0<\/p>\n

The property is fully leased to asphalt mixing plant City Asphalt and auction house IAA, with both a waterfront dock and train access. Jadian will continue to operate the property as an IOS facility, according to TRD.\u00a0<\/p>\n

Amanda Schiavo can be reached at aschiavo@commercialobserver.com<\/a>.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"A 53-acre industrial outdoor storage (IOS) parcel on Staten Island just changed hands for $167 million.\u00a0 Real estate…\n","protected":false},"author":2,"featured_media":325303,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[39],"tags":[122499,3624,122500,77177,122501,122502,122498,122503,9,24,63,67083,122504,122505,134,136,135],"class_list":["post-325302","post","type-post","status-publish","format-standard","has-post-thumbnail","category-staten-island","tag-1900-south-avenue","tag-channel","tag-dov-hertz","tag-gary-gabriel","tag-gurpreet-singh","tag-helen-mccarthy-paul","tag-investments-sales-1800-south-avenue","tag-kyle-schmidt","tag-new-york","tag-new-york-city","tag-nyc","tag-rico-murtha","tag-ryan-larkin","tag-seth-zuidema","tag-staten-island","tag-staten-island-headlines","tag-staten-island-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/325302","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=325302"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/325302\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/325303"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=325302"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=325302"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=325302"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}