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Dietz & Watson

Structuring Real Estate Deals for Growth

“From our first meeting with PIDC, they were engaged,” said Louis Eni, CEO and President of Dietz & Watson. “They turned over every stone possible to get us going and bring us to this point today.”

PIDC brings its more than 50 years of experience in structuring public private transactions to planning and developing workplaces for the future. PIDC put these skills to work to support Dietz & Watson, a family owned and operated Philadelphia institution now in its fourth generation. After a fire destroyed the company’s New Jersey distribution center, Dietz & Watson needed help to recover and realize the family’s dream to consolidate and expand their 75 year old headquarters in the Tacony section of Philadelphia.

Bringing together the partners necessary to facilitate this expansion, PIDC orchestrated a real estate transaction that assembled 77 acres of land from multiple public and private sources. The new land allowed PIDC to sell Dietz & Watson 20 acres to nearly double its footprint and construct a state-of-the-art food campus that will efficiently bring together their corporate headquarters and manufacturing facility with a new distribution center. The transaction also created a 30 acre development site ready to house growing industrial companies and extend waterfront recreation along the banks of the Delaware River.

“This was complicated,” said Cindy Eni, CFO. “But PIDC knew the ropes. They had a vision for how our business could stay and grow here in the city. They made it happen.”

Whether your next phase of business growth includes land transactions, restoring existing sites or developing brand new construction, PIDC can help you with the real estate resources needed to succeed.