NEWS
Dermody Properties Announces Two Land Acquisitions for Development in New Jersey
We recently announced the acquisition of two parcels of land for development in the company’s East Region: LogistiCenter℠ at Lumberton in Lumberton and LogistiCenter℠ at Mt. Laurel in Mt. Laurel. LogistiCenter℠ at Lumberton is a planned, 429,200-square-foot logistics facility located on 40.5 acres at 1791 Route 38. Site work is underway and the building is…
Dermody Properties Hires David Jennings as Senior Vice President, Development
We’re pleased to announce that we have hired David Jennings as Senior Vice President, Development in our East Region office. Jennings will be responsible for providing due diligence, design, entitlement, budget and construction oversight for new developments, acquisitions and build-to-suit projects in the region. He will focus on projects within the East Region with a…
Dermody Properties Announces Lease of LogistiCenter℠ at Lehigh Valley East to Iron Mountain and CONRI Services, Inc.
We are pleased to announce the lease of LogistiCenter℠ at Lehigh Valley East Building 1, located at 450 E. Moorestown Rd., to Iron Mountain and CONRI Services, Inc. Iron Mountain is a global leader in innovative storage, data center infrastructure, asset lifecycle management and information management services. This location expands its consumer storage division, as well…
Dermody Properties Announces Acquisition of Former Glen-Gery Manufacturing Site
We are pleased to announce the acquisition of the former Glen-Gery manufacturing site on 29.5 acres of land in the York submarket of Pennsylvania. Dermody Properties intends to redevelop the site into a 342,720-square-foot, state-of-the-art warehouse known as LogistiCenterSM at I-83. The property was acquired in April 2021 from Glen-Gery Corporation, which had previously occupied…
Dermody Properties Announces First Lease at LogistiCenter℠ at Woolwich to J&J Snack Foods
We are pleased to announce the first lease at LogistiCenter℠ at Woolwich, the three-building-industrial park spanning more than one million square feet in Woolwich Township, Gloucester County, N.J. Beginning in the fourth quarter of 2022, J&J Snack Foods, the nation’s leading provider of nutritious and affordable niche snack foods to foodservice and retail supermarket outlets across…
Dermody Properties Names Robert Borny, CCIM East Region Partner
We are pleased to announce that Robert Borny, CCIM has been named East Region Partner, effective January 1, 2022. Borny was promoted to Partner at the company in July 2021 – as East Region Partner, he will now be responsible for all land and building acquisitions, build-to-suit projects, development activities and asset management in New Jersey, Pennsylvania,…
Dermody Properties Congratulates Gene Preston on His Retirement
All of us at Dermody Properties are pleased to congratulate Gene Preston, East Region Partner, on his retirement later this year. Preston joined the company in 2012 and has been responsible for the company’s land and building acquisitions, build-to-suit projects, development activities and asset management in the eastern United States. His official retirement date is…
Dermody Properties Breaks Ground on a 154-Acre Logistics Park in New Jersey
We broke ground today on a three-building development in Woolwich Township, Gloucester County, New Jersey. The project will be marketed as LogistiCenter℠ at Woolwich. CBRE has been selected as the exclusive agent for the park. Woolwich Township Mayor Vernon Marino and Deputy Mayor Natalie Matthias were in attendance, along with Dermody Properties’ East Region team.…
Dermody Properties Leases One Building of LogistiCenter℠ at Lehigh Valley East to Mainfreight
We are pleased to announce the lease of LogistiCenterSM at Lehigh Valley East, located at 460 East Moorestown Road, to Mainfreight, a global supply logistics provider with capabilities that include warehousing, domestic transport and international air and ocean freight. The company plans to begin operations in the facility on August 1. “The Lehigh Valley is…
Dermody Properties Acquires 50 Knickerbocker Road in Moonachie, New Jersey
We are pleased to announce the acquisition of 50 Knickerbocker Road, a +/-72,045-square-foot warehouse on 2.95 acres of land in the Bergen County township of Moonachie. Dermody Properties plans to transition the building from a manufacturing and warehouse facility to a traditional warehouse in a Class A+ location. Capital improvements will include repaving the truck…