Industrial
Port Richmond Industrial
Port Richmond, Philadelphia, Pennsylvania
Repositioning of an approximately 58,000 SF industrial property on roughly seven acres in Philadelphia’s Port Richmond neighborhood. The ownership group completed significant capital improvements, stabilized the asset and ultimately sold the property following a multi-year hold.
Role & contribution
Senior Developer / Development Partner
Momin's stated role was Senior Developer / Development Partner. The ownership group completed significant capital improvements, stabilized the asset and sold the property following a multi-year hold.
Project facts
- Acquired
- ≈ $3.95 million
- Capital Improvements
- ≈ $3 million
- Disposition
- ≈ $12.35 million
Disposition is the stated sale amount, not profit or an investment return.
Selected experience includes projects led, co-sponsored or developed by Aurelian's founder through current and prior development partnerships.
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