LogistiCourt at Silver Lake

In July of 2007, Dermody Properties acquired 65 acres to develop its new industrial park, named LogistiCourt at Silver Lake. When built out, the park will accommodate three facilities totaling nearly 2.1 million square feet. The first facility, Building A, is a 545,550 square-foot multi-tenant, cross-docked distribution center located on a 24-acre site.  Buildings B and C were recently sold to Urban Oufitters, Inc., who plans to build its Western United States Internet Fulfillment Center. Phase I will be 462,720 square feet with future expansion taking the total facility to 895,360 square feet. Phase I will be complete by June 2012.

The land is located immediately west of the Moya Boulevard/Lear Boulevard intersection, approximately two miles north of I-395 and six miles north of I-80. It is only 14 miles north of the Reno/Tahoe International Airport.

The new LogistiCourt at Silver Lake is ideally situated in the heart of the Stead market with superb access to the U.S. Interstate Highway system and a sizable labor market of workers experienced in the warehouse, distribution, manufacturing and service industries. Stead offers some of the most excellent opportunities for large-scale warehouse/distribution facilities in the region. Dermody Properties excels at developing build-to-suits that fit customers' needs. Among Stead's corporate neighbors are JCPenney, PetSmart, RR Donnelley, General Motors, Sherwin Williams, the Volvo Group of Mack Trucks, Hidden Valley Ranch, Quad Graphics, UPS, Carlisle Food Service, Schering-Plough, and Michelin.

Since 1998 Dermody Properties has developed 2.6 million square feet of space in 10 warehouse, distribution and manufacturing facilities in the Stead industrial market including 500,000 square feet in four buildings along Moya Boulevard in the Silver Lake area. Highly regarded as an attractive and affordable area to live and work, the North Valley communities have a sizable labor market of experienced workers in the warehouse, distribution, manufacturing and service industries. In the past five years, the population in this region has increased 19%, and by 2010 is expected to increase another 15%. Housing is expected to follow with an over 17% increase in this timeframe. As growth steadily continues in this area, business, shopping and recreational opportunities also continue to increase to create a comfortable and convenient lifestyle.

Reach the Western Market

With borders on five states, northern Nevada is perfectly situated as the hub of the 11-state western region, with a market area of 53 million people within one day's drive. Trucking services are provided in the area by over 65 local, regional and national carriers with shipment to 80% of the 11 western states occurring on a next-day basis. Late pick-up services by carriers such as DHL, Fed Ex, UPS, and the USPS guarantees you can reach customers by air freight overnight.

With incomparable air, rail and highway access, including the direct I-80 link to California, the North Valleys region is logistically ideal for business.