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Dermody Properties in the Headlines
Dermody Properties Acquires 13.53 acres in Riverside, Calif. for new LogistiCenter℠
We recently acquired an approximate 13.53-acre site in the Meridian Business Center in Riverside, Calif. Dermody Properties commenced construction of a 262,260-square-foot cross dock distribution facility, which the company estimates will be complete in Q2 of 2019. The new development will be called LogistiCenter℠ at Park Meridian. LogistiCenter℠, a nationally trademarked brand owned and developed…
Read moreDermody Properties Establishes Atlanta Office and Hires Industrial Real Estate Veteran Greg Ryan as Partner for Southeast Region
We have hired Greg Ryan as a Partner managing our newly defined Southeast Region. The region’s headquarters will be based in Atlanta. Ryan will be responsible for all land and building acquisitions, build-to-suit projects, development activities, customer relations and asset management in the Southeast Region. “I am pleased to join the incredibly experienced team at…
Read moreDermody Properties acquires 265,500 SF logistics building in prime California Inland Empire West submarket
We recently acquired a 265,500-square-foot logistics building in an established industrial business park in Fontana, Calif. Dermody Properties will make improvements to the building in the first quarter of 2019, including upgrading the fire system to ESFR, making aesthetic changes and demising the building into two spaces, although the property will be available to either…
Read moreDermody Properties leases 99,640 SF in Reno to Smart Warehousing
We recently leased 99,640 square feet at LogistiCenter℠ at 395, Phase 1, Building A in Reno, Nev. to Smart Warehousing. A third-party logistics firm, Smart Warehousing offers warehousing and fulfillment services in more than 25 locations across 12 states. PCCP, LLC is Dermody Properties’ strategic capital partner on the industrial park. George Condon, West Region…
Read moreDermody Properties acquires 296,361 SF distribution center in Portland, Oregon
We recently acquired a 296,361-square-foot industrial manufacturing and warehouse building at 19730 NE Sandy in Portland, Ore. The property, located in the Northeast Columbia Corridor submarket, will be managed by the company’s Northwest Region office, led by Phillip Wood, Northwest Region Partner. The property has 12.09 acres of adjacent developable land, and is situated in…
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