News

Dermody Properties Completes Construction of 262,260 SF Cross-dock LogistiCenter℠ at Park Meridian in Riverside

We recently completed the construction of LogistiCenter℠ at Park Meridian, located on 13.53 acres in the heart of the Inland Empire East. 262,260 square feet of state-of-the-art logistics real estate space is available for lease. LogistiCenter℠ at Park Meridian is located at 21822 Opportunity Way in Riverside, Calif., in the Meridian Business Center.

LogistiCenter℠ at Park Meridian features a 32-foot clear height, 56 dock high doors, an ESFR sprinkler system and LED warehouse lighting, making it a perfect fit for logistics and distribution operations. The building also has 2,493 square feet of built-out office space within the total square footage available for lease.

“This property represents prime industrial real estate in a highly sought-after region of the country,” said Matthew Mexia, Southern California Partner for Dermody Properties. “We are excited to announce the completion of this facility and look forward to continued expansion in the region to best serve our customers and their logistics operations.”

Located approximately three miles south of the State Route 60/Interstate-215 interchange, this cross-dock industrial facility provides excellent access via Alessandro Boulevard and Cactus Avenue to a full four-way interchange to the I-215 expressway.

The industrial park and surrounding area is host to a number of distribution facilities operated by corporate neighbors including Amazon, Nissan, UPS, Sysco Corporation, KIA Motors, Burlington, McLane Foods, Lowe’s and Home Depot.

“This property’s amenities and proximity to I-215 make it an outstanding logistics hub for companies serving West Coast markets,” said Douglas A. Kiersey, Jr., President of Dermody Properties. “We see growing demand in the Inland Empire and will continue to invest in markets like this one that are attractive to our customers.”

LogistiCenter℠, a nationally trademarked brand owned and developed by Dermody Properties, represents the company’s business philosophy of developing Class A distribution and logistics facilities that meet the supply-chain requirements of the most innovative companies.

Phil Lombardo, Chuck Belden and Andrew Starnes of Cushman & Wakefield have been hired to handle leasing for the project.