Box Equities Acquires Home Depot and Pepsi Distribution Centers, Adding to Its Industrial Real Estate Portfolio

Beth McCandry

NEW YORK–(BUSINESS WIRE) – Box Equities, a new real estate investment group, is re-energizing the already simmering industrial real estate market, today announcing that it has acquired two new distribution centers, a 900,000-square-foot Home Depot distribution center in Missouri and a 150,000-square-foot Pepsi distribution center in Ohio. New York-based Box Equities, which launched just eight months ago, now owns and manages over 1.8 million square feet of industrial real estate.

The group’s founders are seasoned retail and real estate veterans Haim Dabah, Mac Dabah, Ori Schwartz, and Michael Dabah. The company was founded during the COVID-19 pandemic in the fourth quarter of 2020 when the flight of consumers to e-commerce irrevocably changed the logistics landscape.

The rapid spread of e-commerce is not an anomaly. In fact, this has caused a tremendous upheaval in the global logistics industry, with vital storage space becoming more and more valuable. The intersection of retail, logistics and real estate expertise, Box Equities uniquely positions to help retailers free up liquidity and improve their balance sheets in a variety of ways, including through creative leasing solutions.

“We knew how the move to digitization had affected many traditional retailers and knew that the time was ripe to initiate a paradigm shift in the logistics industry for both brick-and-mortar and digital retail,” said Haim Dabah, CEO of the group and founder. “Our team, our relationships and our experience position us uniquely to meet the needs of retailers in order to maximize their profits while offering investors, especially on the private equity side, a new investment vehicle in the retail space. The changes in the logistics industry are profound, as highlighted by the latest report from CBRE, which says that for every $ 1 billion in e-commerce sales, an additional 1.25 million square feet of retail space is required to support that growth. ”

“Our focus is on unlocking significant value for retailers and brands looking to expand or shrink their industrial footprint and take advantage of today’s market dynamics,” said Mac Dabah, Co-Founder and General Manager. “We routinely work with local business development agencies across the country to create jobs and generate investment opportunities in key markets. We recently acquired a 200,000 square meter facility from the local business development agency in Georgia, underscoring our focus on public-private partnerships and job creation. ”

Box Equities founders are well-known names in the commercial, real estate and legal worlds:

  • Haim Dabah, Chairman, has 40 years of retail brand building, marketing and logistics experience with close relationships with C-suite executives at every major retail company in the country. Haim has built and sold several companies, including the sale of Regatta to a Hong Kong-based global supply chain conglomerate worth $ 20 billion.

  • Mac Dabah, Co-Founder and Managing Director, is an experienced commercial real estate investor with extensive logistics experience. As co-founder and CEO of HDS Capital, he led the company’s investments in Sharper Image, Hurley, Bebe, Brookstone and Justice.

  • Ori Schwartz, Co-Founder and Director of Acquisitions, is a seasoned real estate investment manager with a deep understanding of the e-commerce landscape. Prior to joining Box Equities, he was Director of Acquisitions for a New York-based real estate development company, where he managed a $ 300 million portfolio.

  • Michael Dabah, General Counsel, brings a deep understanding and creative approach to complex commercial real estate transactions. After a career at several well-known NYC firms, he became a founding partner of Stein, Adler, Dabah & Zelkowitz LLP and ensures that Box is able to navigate and close incoming deal flows quickly and well-thought-out.