NEWS
Dermody Properties Breaks Ground on 381,600 SF in Chicago
Dermody Properties recently broke ground on a 381,600-square-foot industrial facility in the Central DuPage submarket of Chicago. The facility, known as LogistiCenterSM at North Avenue, is located at 365 North Avenue in Carol Stream, Illinois. Carol Stream Mayor Frank Saverino and several village officials celebrated the groundbreaking with Dermody Properties on November 3. LogistiCenterSM at…
Dermody Properties Acquires 130,000 SF in Bay Area
Dermody Properties recently acquired a 130,000-square-foot facility located at 31033-31055 Huntwood Avenue in Hayward, California. Dermody Properties will begin renovating the property this year, making it available for lease in mid-2017. “We are excited to acquire a building of this size on Huntwood Avenue,” said George Condon, Dermody Properties’ West Region Partner. “The East Bay…
Construction Begins on 264,000 SF Near Cincinnati/Northern Kentucky International Airport
Dermody Properties has commenced construction on its second industrial facility near the Cincinnati/Northern Kentucky International Airport (CVG) in Hebron, Kentucky. The new e-commerce compliant facility, known as LogistiCenterSM at 275 #2, is located at 3521 Point Pleasant Road. Dermody Properties expects the 264,000-square-foot building to be complete in May of 2017. Upon completion, LogistiCenterSM at 275 #2 will…
Dermody Properties Develops 152,200 SF Facility for International Produce Leader
Dermody Properties has been selected by Greenyard (Euronext Brussels: GRYFO) to develop a 152,200-square-foot, build-to-suit facility in southern New Jersey. The state-of-the-art packing and cold storage facility will be located in LogistiCenterSM at Logan, a 5.5 million-square-foot industrial park in Logan Township owned by Dermody Properties and Great Point Investors LLC. Pictured from left to…
Dermody Properties Establishes Southern California Office and Welcomes New Senior Vice President
Dermody Properties recently hired Nancy Shultz as Senior Vice President in its newly established Southern California Office, located at 4695 MacArthur Court in Newport Beach, California. Shultz is responsible for growing and managing Dermody Properties’ portfolio of industrial property in southern California. Her efforts will include sourcing acquisitions with a value-add profile and the development of high-quality…
Dermody Properties Starts Construction on 622,726 Square Feet in Northern California
Dermody Properties, recently announced it will develop a 622,726-square-foot industrial facility in Lathrop, California. The state-of-the-art facility, known as LogistiCenterSM at Lathrop, is located at 2131-2301 E. Louise Ave. John McManus, Executive Vice President at Cushman & Wakefield, brought the opportunity to Dermody Properties. McManus, John Coons and Mark Dowling of Cushman & Wakefield are…
Construction Starts on 550,000 SF Development in Las Vegas
Dermody Properties recently started construction on a 550,000-square-foot industrial facility on Las Vegas Boulevard near North Walnut Road. United Construction Company is the design-build contractor on the project. The companies expect to complete construction in the Second Quarter of 2017. LogistiCenterSM at Las Vegas Boulevard will be ideal for distribution, e-commerce, manufacturing and warehouse operations.…
Construction Begins on 9th Facility in New Jersey Industrial Park
Dermody Properties recently broke ground on a new distribution facility at LogistiCenterSM at Logan, a 5.5-million-square-foot, Class A industrial park located in Logan Township. Great Point Investors is the strategic capital partner on the project. The companies broke ground on a 393,120-square-foot building located at 2810 Oldmans Creek Road. Construction is expected to be complete…
Dermody Properties Breaks Ground on 546,000 SF in Louisville
Dermody Properties recently broke ground on a 546,000-square-foot industrial facility in Shepherdsville, Ky. Known as LogistiCenterSM at 480, the facility is located on Park Loop Road in the Cedar Grove Business Park. LogistiCenterSM at 480 is well-suited for e-commerce, warehouse and distribution operations because of its strategic location. The bulk distribution facility is located less…
Dermody Properties Breaks Ground on 225,972 SF Industrial Facility in Fife, Washington
Dermody Properties recently broke ground on a 225,972-square-foot industrial facility, known as LogistiCenter℠ at 167, in Fife, Washington. LogistiCenter℠ at 167 is ideally suited for distribution operations because of its strategic location. The facility is located 1.7 miles from Interstate 5 and the Port of Tacoma, the largest deep water port in Washington. Other industrial operations…