News
Dermody Properties Breaks Ground on Industrial Facility in Northwest
Construction Starts on LogistiCenter 205 in Vancouver, Washington
Dermody Properties recently broke ground on a 98,400-square-foot industrial facility, known as LogistiCenter 205, at NE 60th Way in Vancouver, Washington.
Upon completion, the facility will feature 30’ clear height, a 130’ truck court and Early Suppression, Fast Response sprinkler systems. LogistiCenter 205 will be best suited for warehousing and distribution operations. It is expected to be complete in July 2015.
LogistiCenter 205 will be one of the few sizeable industrial facilities available in the Clark County submarket. The vacancy rate in the Clark County submarket was 3.7 percent at the end of 2014, the lowest rate experienced in recent history.
“We are pleased to be breaking ground in the Portland market,” said Phillip Wood, partner, Dermody Properties Northwest Region Office. “This market is a highly sought-after one, but lacks available, modern industrial facilities. This facility will help fill that gap.”
LogistiCenter 205 provides immediate access to the I-205 corridor, a major Pacific Northwest distribution throughway. LogistiCenter 205 will allow industrial distributors to reach the Northwestern U.S. market quickly and efficiently.
“Vacancies in both the Vancouver submarket and the overall Portland market are at or near historic lows,” said Douglas A. Kiersey, Jr., president, Dermody Properties. “LogistiCenter 205 will provide much needed modern distribution space to serve our national target customers.”
Tony Reser, Tom Talbot and Scott Murphy of Kidder Mathews, Portland, will market the property to prospective tenants for Dermody Properties. Mackenzie is the architect for the project, and Perlo Construction of Portland will build the facility.
Pictured from left to right: Jeff Perala (Owner – Perlo Construction), Douglas Kiersey, Jr. (President – Dermody Properties), Council Member Anne McEnerny-Ogle, Council Member Bill Turlay, Michael Dermody (CEO – Dermody Properties), Phillip Wood (Northwest Region Partner – Dermody Properties), Tony Reser (Senior Vice President – Kidder Mathews), Denise McCarty (Columbia River Economic Development Council), Tom Talbot (Senior Vice President – Kidder Mathews), Jeremy Maynard (Project Manager – Perlo Construction).