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Louis J. Eni

PIDC brings our more than 50 years of experience in structuring public-private transactions to planning and developing workplaces for the future. Recently 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 Dietz 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 extends waterfront recreation along the banks of the Delaware River.