NEWS
Dermody Properties Breaks Ground on 750,000-Square-Foot Facility in Berks Park 78
BETHEL TOWNSHIP, Penn. – On July 15, Dermody Properties and Granite Real Estate Investment Trust (Granite), a Canadian-based Real Estate Investment Trust (REIT) engaged in the ownership and management of predominantly industrial and logistics properties in North America and Europe, broke ground on a new industrial development in Bethel Township, Penn. The facility is located at…
Dermody Properties Steps Up its Pace with U.S. Projects
by John Seelmeyer, Editor, Northern Nevada Business Weekly After sitting on the sidelines with the Great Recession played itself out, Dermody Properties is back in the game in a big way. The Reno-based developer of industrial properties – most of them intended for distribution operations – last week said it's starting construction on a 750,000-square-foot…
Construction to Begin in Berks Park 78
Dermody Properties and Granite Real Estate Investment Trust (“Granite”), a Canadian based Real Estate Investment Trust engaged in the ownership and management of predominantly industrial and logistics properties in North America and Europe, will start construction on a new industrial development in Bethel Township, Pennsylvania later this month. The building will be a 750,000 square…
Construction Begins on Industrial Park in McCook, IL
Dermody Properties and AEW Capital Management Break Ground in McCook On June 5 Dermody Properties, a national industrial development firm headquartered in Reno, Nev., AEW Capital Management, and Avison Young held a groundbreaking for LogistiCenter McCook, a two-building industrial complex at 1st Ave. and 47th St. in McCook, Ill. Located 11 miles from downtown Chicago,…
Dermody Properties Names New Northwest Region Partner
Dermody Properties has hired 30-year real estate veteran Phillip Wood as the company’s partner in the Northwest Region Office. Wood will be responsible for all development, land and building acquisitions, build-to-suits, asset management and other projects in the northwestern U.S. Wood will manage the company’s Northwest Region Office, which is relocating to the greater Seattle…
Construction Begins on 315,147 SF Facility in Louisville
On May 22, Dermody Properties held a groundbreaking for LogistiCenter Louisville, a 315,147-square-foot distribution facility in the Renaissance South Business Park near the Louisville International Airport. LogistiCenter Louisville will feature 32’ clear height, 60 dock doors, 4 drive-in doors, 336 car parking stalls and 73 trailer stalls. “LogistiCenter Louisville will be a state-of-the-art industrial facility…
Dermody Properties Announces Sale of Commercial Building in Downtown Reno
Dermody Properties recently announced the sale of a 17,836-square-foot commercial building to a private buyer. The facility is located at 445 S. Virginia Street in the heart of downtown Reno. Dermody Properties will reinvest the capital gained from the sale in state-of-the-art industrial developments. “Our strategy is to liquidate assets that are not in keeping…
Master Plan for LogistiCenter Logan Updated
Dermody Properties recently revised the master plan for LogistiCenter Logan, a 1,100-acre, master-planned industrial park in Logan Township, New Jersey. The remaining 12 parcels in LogistiCenter Logan have been redesigned to meet a wide range of industrial requirements. All facilities are now planned with the capability to provide ample car and trailer parking, more efficient lighting,…
Groundbreaking on 624,000 SF Facility in Northern Nevada
From left to right: Craig Willcut – United Construction, Doug Kiersey – Dermody Properties, Michael Russell – United Construction, Eric Bennett – CBRE, Patrick Gallagher – Dermody Properties, Michael Dermody – Dermody Properties, Governor Brian Sandoval – State of Nevada, Melanie Gangel – PCCP, Todd Jarman – BBVA Compass Bank, Mayor Bob Cashell – City of…
Nevada's Living Legacies: Dermody Properties
Dermody Properties was featured in this month’s issue of Nevada Business Magazine as one of the state’s “living legacy” companies: When businessman John Dermody accepted the Nevada franchise for the Philco Appliance Company and relocated his family to Reno in 1950, little did anyone suspect that this move would be the catalyst that created a…