Dermody Leases to Furniture Seller

by David Phillips,

Dermody Properties, a national industrial development and operating company headquartered in Reno, NV, recently leased nearly half of its latest Las Vegas industrial development project to Southern Enterprises, one of the nation’s leading home furnishing designers and manufacturers. The company anticipates fulfilling 25% of its direct-to-consumer orders from the facility.

Southern Enterprises has leased 148,635 square feet ofLogistiCenter at Cheyenne, a 381,804-square-foot distribution facility occupying 20 acres at 4025 East Cheyenne Ave. in Las Vegas. This will be Southern Enterprises’ first facility in Las Vegas and will function as a distribution center serving the company’s customers nationwide. The company currently has corporate headquarters in Dallas, Texas and a distribution facility in Carlisle, PA.

Dermody Properties and its joint venture partner, Hillwood Investment Properties (Hillwood), broke ground on LogistiCenter at Cheyenne in May 2015, and Southern Enterprises expects to occupy its portion of the facility in November.

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