NEWS
Construction Begins on Industrial Facility at New Jersey Turnpike Exit 8A
South Brunswick, N.J. – On July 30, South Brunswick Mayor Frank Gambatese, Dermody Properties and AEW Capital Management (AEW) celebrated the groundbreaking of LogistiCenter Exit 8A, a 308,276-square-foot industrial facility in South Brunswick, N.J. AEW is partnering in the development on behalf of AEW Partners VII, L.P., an opportunistic real estate fund. The property is being…
Dermody Properties Announces New Senior Vice President of Finance
RENO, Nev. – Dermody Properties recently hired Casey Kreck as the company’s new Senior Vice President, Finance. Kreck will work with the company’s Chief Financial Officer (CFO), Doug Lanning, to oversee all financial activities for Dermody Properties, including reporting, accounting and securing financing for the firm’s development projects. He will be responsible for all financial planning and…
Dermody Properties Hires New Property Administrator
CHICAGO, Ill. – Dermody Properties has hired Megan Rahn as property administrator for the Midwest Region Office, located in Des Plaines, Ill. Rahn brings extensive brokerage, property management, marketing and accounting experience to the Dermody Properties team. Rahn is responsible for the day-to-day operations of the Midwest Region Office, and supports its development, management and accounting…
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…