National Industrial Developer Dermody Properties Expands to Southern California with Acquisition of 75,960 SF Facility
Dermody Properties, a national real estate investment, development and management company headquartered in Reno, Nevada and specializing in acquisitions and development of industrial real estate in strategic locations across the United States, recently acquired the Bloomfield Industrial Center located in Santa Fe Springs from a private investor. Located at 10712-10748 Bloomfield Ave. this 75,960-square-foot warehouse and distribution facility marks Dermody Properties’ first offering in the Southern California area. Currently, up to 37,800 SF of this multi-tenant property is available for lease.
“We appreciate the hard work of Jeff Chiate, Jeff Cole, Mike Adey, Ed Hernandez and Chuck Berger of Cushman and Wakefield and Bob Crenshaw of Newmark Knight Frank represented both buyer and seller in the transaction,” said Nancy E. Shultz, SVP, Capital Deployment, Dermody Properties.”Mr. Berger along with Mike Foley, Dave Hess, and Ryan Bos from Cushman and Wakefield have been retained to lease the two vacant spaces available at the Bloomfield Industrial Center.”
“This is an excellent location in a constantly growing market and boasts easy freeway access, close proximity to the LAX Airport and the ports of Los Angeles and Long Beach,” said Shultz. “The area is a true hub for industrial activity. This acquisition is poised to help fill the demand for quality industrial properties in the Los Angeles Basin.”
There are two units available for lease at the project: a 22,440 SF unit with 1,349 SF of refurbished office space, and a 15,360 SF unit with 1,357 SF of refurbished office space. The units are adjacent to one another and can be combined to create a single unit size of 37,800-square-feet. Bloomfield Industrial Center offers dock high loading, 24-foot interior warehouse clearance, LED lighting and a prime corner location.
“Expanding our portfolio to include quality offerings in Southern California is a top priority and we are excited to have acquired this asset in a prime Mid Counties location,” said Douglas A. Kiersey, President of Dermody Properties, “Bloomfield Industrial Center is an ideal central location for a variety of industries.”
The recently renovated property is in the Mid Counties submarket of Los Angeles County and offers easy access to the entire Los Angeles Basin. Interstate 605 and Interstate 5 are within two miles of the property offering quick connections to major east-west transit routes. The ports of Los Angeles and Long Beach, the largest and second largest ports in North America representing 40% of U.S. container traffic, are 22 miles to the southwest and the Los Angeles International Airport is 22 miles to the west.