News

Dermody Announces Acquisition of LogistiCenter® at 110

Dermody is pleased to announce a new addition to its Southern California Region logistics real estate portfolio with the acquisition of 8.95 acres located at 18455 Figueroa St. in Los Angeles. The site, formerly home to the headquarters of Faraday Future, the electric vehicle company, will be redeveloped as LogistiCenter® at 110, a ground-up, Class A logistics facility totaling 180,705 square feet. 

Located in the highly supply-constrained South Bay submarket, LogistiCenter® at 110 benefits from a close proximity to the 110 freeway and the Port of Los Angeles. The new facility will deliver a modern logistics location to meet strong demand in the South Bay area.

“Strategic infill opportunities of this scale are exceptionally rare,” said Matthew Mexia, Southern California Region Partner at Dermody. “This site presents a compelling redevelopment opportunity transforming a well-located, formerly occupied campus into a best-in-class logistics facility in an area where developable land is virtually nonexistent. We are excited to deliver modern, functional space that directly addresses the South Bay’s significant unmet demand.”

LogistiCenter® at 110 will be a state-of-the-art cross-dock logistics facility featuring 36-foot clear height, 21 dock positions and a 4,000-amp electrical design, all specifications purpose-built for modern e-commerce fulfillment, distribution and warehousing operations.

“The South Bay’s port proximity and connectivity to regional freight networks make it one of the premier logistics locations in the nation,” said Tim Walsh, Chief Investment Officer at Dermody. “LogistiCenter® at 110 reflects our continued commitment to growing in the markets where our customers need us most.” 

The property was acquired from Rexford Industrial, a company Dermody first built a relationship with after the closing of LogistiCenter® at Eastvale in 2022, and marketed by the CBRE National Partners team.