NEWS
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…
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…
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…
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…
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…
Dermody Properties Acquires 14 Acres in Vacaville, Calif. for new LogistiCenter℠
Dermody Properties announced its purchase of 14 acres on Icon Way in Vacaville, Calif. LogistiCenter℠ at Vacaville will feature 252,160 SF of Class A space for industrial/logistics tenants. Groundbreaking is scheduled to occur in October 2018 and completion is anticipated in June 2019. The facility will feature 36’ clear height as well as extra trailer…
Dermody Properties Hires Elizabeth Kauchak as Chief Operating Officer
Dermody Properties has hired 18-year industrial real estate veteran, Elizabeth Kauchak, as the company’s Chief Operating Officer. “I am pleased to join the incredibly experienced team at Dermody Properties,” said Kauchak. “I look forward to helping further the company’s vision across the nation.” Before joining Dermody Properties, Kauchak held the position of Vice President/Market Officer…
In the News: 395 Pedricktown Road: Tailored Improvements For a Specialized Tenant
In this Development Magazine by NAIOP case study, read more about how Dermody Properties developed a speculative building in southwest New Jersey, incorporating specialized systems to control spills and fire protection requirements for storage of liquid petroleum products. Dermody Properties was pleased to welcome Kenco to the growing list of companies at LogistiCenter at Logan.
Dermody Properties Breaks Ground on 409,500 Square Feet Near Seattle
Dermody has broken ground on a new industrial park in Woodinville, Washington, east of Seattle. Known as LogistiCenter℠ at Woodinville, the park will consist of two buildings totaling 409,500 square feet, with Building A covering 275,500 square feet and Building B covering the remaining 134,000. LogistiCenter℠ at Woodinville will feature a total of 92 dock…
Dermody Properties Welcomes Kathleen S. Briscoe as Partner, Chief Capital Officer
Dermody Properties has hired Kathleen S. Briscoe as Partner, Chief Capital Officer. Briscoe is responsible for all aspects of the company’s capital strategy and execution, including asset management, institutional capital raising activities, structuring of commingled funds and joint ventures. She is also a member of the company’s Executive Committee and Investment Committee. “We are pleased…