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Dermody 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…

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Dermody 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…

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Dermody 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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Dermody Properties Foundation Announces 2018 Grant Recipients

Foundation celebrates 30-year anniversary with more than $150,000 donated to nonprofits nationwide. We have recently announced the 2018 Dermody Properties Foundation grant recipients. Among the organizations awarded grants are Northern Nevada Food Bank, The Holland Project, Big Brothers Big Sisters of Northern Nevada, Community Health Alliance, Nevada Youth Empowerment Project, Sierra Nevada Journeys, Make-A-Wish Illinois, Mercy…

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Mourning the Loss of Mike Dolan

Dermody Properties is saddened to share the news that Mike Dolan, Midwest Region Partner, was killed in a car accident on Saturday, December 8. Mike was a big part of the Dermody Properties family, and will be missed greatly. Read Mike Dolan’s Obituary Read Mike Dolan’s Bio

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Annual Dermody Properties Capstone Award Provides $50,000 to the Food Bank of Northern Nevada and BrainUp

We’re pleased to announce the recipients of our 2018 Annual Dermody Properties Capstone Award. The Food Bank of Northern Nevada (FBNN) of Reno, Nev. and BrainUp of Frankfort, Ill., will each receive $25,000 to assist in their efforts during the holiday season. The Dermody Properties Capstone Award is presented each year to help nonprofit organizations…

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Dermody Properties acquires 22.38-acre, 390,800 SF distribution space in the heart of the San Francisco Bay Area

We recently acquired a 390,800-square-foot distribution space at Hacienda Business Park in Pleasanton, Calif. The property will be managed by the company’s West Region office, led by George Condon, West Region Partner. The warehouse/distribution space is situated on a 22.38-acre parcel and includes excess land for future building expansion resulting in an additional 85,520 square…

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Casey Kreck named to Real Estate Forum’s 2018 50 under 40 in Commercial Real Estate

We’re pleased to congratulate Casey Kreck, Senior Vice President of Finance, for being named one of Real Estate Forum’s 2018 50 under 40 in Commercial Real Estate. The national honor is given annually to leading professionals who have emerged as thought leaders in the commercial real estate industry early in their careers. As Senior Vice President…

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Dermody Properties Acquires Four Buildings in California's Fremont Research Center

Recently, we announced the purchase of four buildings at Fremont Research Center located in Fremont, Calif., a submarket within the Silicon Valley. The buildings, totaling 191,703 square feet, are 87 percent occupied and are home to tenants in clean technology, R&D and advanced manufacturing. It will be managed by the company’s West Region office, led by…

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Dermody Properties Closes Industrial Fund at $619,298,000

We have recently announced the closing of our second co-mingled fund, the Dermody Properties Industrial Fund II, L.P., (DPIF II), on August 31, 2018. DPIF II raised $619.3 million, exceeding its target fundraising goal of $600 million. Investors in DPIF II include public and corporate pension funds, insurance companies and other institutional investors. “Significantly, one…

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