NEWS
Dermody Properties Announces Two Land Acquisitions for Development in New Jersey
We recently announced the acquisition of two parcels of land for development in the company’s East Region: LogistiCenter℠ at Lumberton in Lumberton and LogistiCenter℠ at Mt. Laurel in Mt. Laurel. LogistiCenter℠ at Lumberton is a planned, 429,200-square-foot logistics facility located on 40.5 acres at 1791 Route 38. Site work is underway and the building is…
Dermody Properties Announces New Leasing Activity at LogistiCenter℠ at I-15 South in Las Vegas
We are pleased to announce that three of the four buildings that make up the LogistiCenter℠ at I-15 South logistics park have been leased, totaling over 720,000 square feet. Building 1 was pre-leased by OluKai, a well-known sandals and shoe company, and Buildings 2 and 3 were both pre-leased to Aristocrat Gaming, a world leader in…
Bryce Fausset and Jason Lu Join Dermody Properties as Investment Managers
We are pleased to announce the addition of two Investment Managers to the team. Bryce Fausset has joined the Northwest Region team in Seattle, and Jason Lu is based in the company’s Southern California region at the Irvine office. Fausset started on April 3, 2023, and Lu on April 10, 2023. Fausset and Lu report…
Dermody Properties Breaks Ground on one of the Largest Industrial Parks in Arizona History
We recently broke ground on LogistiCenter℠ at Copperwing, Wednesday, April 19, 2023, commencing construction for one of the largest business parks in Arizona history. LogistiCenter℠ at Copperwing is located at the Northern Parkway Expressway & Dysart Road in El Mirage, Arizona, a suburb of Phoenix. Phase I of the project includes construction of the first…
Chicago-area firefighters utilize former Allstate Campus for Fire Training Exercises
Dermody Properties has been working with Chicago-area first responder agencies by offering access to the office buildings on the site of the former Allstate Campus, prior to their demolition, for key fire and police trainings. For the last two weeks, hundreds of firefighters from across the state, including the Village of Glenview Fire Department have…
Dermody Properties Hires Samantha Fonda as Vice President, Investor Relations
We recently hired Samantha Fonda as Vice President, Investor Relations. Fonda started on February 27, 2023, and she is responsible for supporting all aspects of the company’s business related to investor relations, fund strategy and capital execution. Fonda reports to Kathleen Briscoe, Partner and Chief Capital Officer, and works closely with both Briscoe and Tyler Scheppmann,…
Douglas A. Kiersey, Jr. Featured on Commercial Real Estate Pro Podcast
Douglas A. Kiersey, Jr., CEO and President of Dermody Properties, was recently a guest on J. Darrin Gross’s Commercial Real Estate Pro Podcast Network (CRE PN). In this episode, Mr. Kiersey discusses the intersection between working from home and e-commerce. Specifically, how Dermody Properties fits in as the intermediary by providing the brick-and-mortar to support…
Dermody Properties Adds an Experienced Team in Atlanta to Spearhead Southeast Region Acquisition and Development
We recently announced the addition of five new logistics real estate experts to lead the Southeast Region office. Wes Hardy has joined the company as Southeast Region Partner, managing the day-to-day operations of the region. He is responsible for the sourcing and execution of acquisition, development and redevelopment opportunities throughout the Southeast U.S., with a…
Michael C. Dermody and Douglas A. Kiersey, Jr. assume new titles at Dermody Properties
We are pleased to announce that Douglas A. Kiersey, Jr., has been named as Chief Executive Officer (CEO), while retaining his current role of President. Michael C. Dermody will assume the role of Executive Chairman. Their day-to-day responsibilities and involvement in the company remain unchanged. “The recognition of this title change for Doug is long…
Dermody Properties Foundation Announces 2022 Grant Recipients
The Dermody Properties Foundation has announced its 2022 grant recipients. Among the organizations awarded this year are the Nevada Youth Empowerment Project, in Reno, Nevada; The Urban Ark, in Chicago, Illinois; Quiet Storm Foundation in Las Vegas, Nevada; Ronald McDonald House Charities Central & Northern Arizona in Phoenix, Arizona; BeLoved Atlanta in Atlanta, Georgia; Food…