27-Year industrial Development Industry Veteran Announced as President of Dermody Properties/DP Partners

RENO, Nev. – Dermody Properties/DP Partners Chairman and CEO Michael Dermody has announced Douglas A. Kiersey, Jr., as President of the national industrial development company. He is responsible for the company’s capital, acquisition, development and property management activities nationwide, and chairs the company’s executive committee.

Kiersey brings more than 27 years of experience in development, land and building acquisition, and management and marketing of distribution properties, with extensive experience in 14 U.S. markets.

He joins Dermody Properties after 17 years in various positions with ProLogis, including his most recent role as Senior Vice President/Midwest Regional Director, based in Chicago, Ill. During that time he had responsibility for the business unit consisting of 84 million square feet in nine markets (Chicago, Cincinnati, Columbus, Indianapolis, Louisville, Memphis, Nashville, St. Louis and Toronto).

He also served as Vice President/Market Officer with ProLogis overseeing the Portland and Seattle markets. Prior to that he was a commercial real estate broker with Cushman & Wakefield of Oregon, and specialized in industrial and high technology properties. While with Cushman & Wakefield he achieved his Society of Industrial and Office Realtors (SIOR) designation.

He earned his MBA from the Kellogg School of Management, where he is a member of the Kellogg Real Estate Advisory Board, and his bachelor’s degree in business administration from Oregon State University.

“I am very excited to be part of the Dermody Properties team,” said Kiersey. “When I watched them as a competitor prior to joining the firm, I was impressed at their remarkable success even in the challenging economic times of the past three years. The firm’s experienced leadership team, national platform and customer-centric focus provide a strong foundation for growth.”

Dermody Properties’ headquarters are located in Reno, Nev., and the firm has regional offices in Portland, Chicago, and Philadelphia, as well as property holdings in Las Vegas, Savannah, Ga., and Harrisburg, Penn.

“Dermody Properties is honored and excited that someone with Doug Kiersey’s experience and reputation has joined our organization,” said Dermody. “Our company continues to build upon the successes we’ve enjoyed in the past, taking advantage of new opportunities. His leadership and relationships will be the foundation for success as we continue to grow and serve our customers.”

About Dermody Properties:
Dermody Properties is a privately held national industrial real estate development company. Founded and headquartered in Reno, Nev., it has regional offices in Portland, Ore., Philadelphia, Penn., and Chicago, Ill., as well as property holdings in Las Vegas, Nev., and Savannah, Ga. Over the last three years, DP Partners has developed and purchased more than 4.5 million square feet and leased approximately 1 million square feet annually. Over its 50-year history, the company has developed and leased more than 35 million square feet of high quality industrial/distribution facilities to many Fortune 500 companies and other well-respected firms. Dermody Properties currently has more than 3.5 million square feet of industrial space that is 90 percent occupied, and is actively doing build to suits and joint ventures throughout the nation. They are consistently ranked among the top 10 private developers nationwide. In 1988, company leadership created the Dermody Properties Foundation, which is managed by the employees of the company to provide charitable support to the communities in which they do business. To learn more about Dermody Properties/DP Partners visit www.dermody.com.