NEWS
Dermody Properties Promotes Tim Walsh to Chief Investment Officer
We announced today that senior leadership member, Tim Walsh, has been promoted to the role of Chief Investment Officer at the company. His enhanced role includes overseeing all origination activities, such as acquisitions, development and build-to-suit projects. His primary focus will be working with Dermody Properties’ national team of regional partners to identify and target…
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…
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 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…
Wayfair Fulfillment Center Named Industrial Deal of the Year by NAIOP
A new fulfillment center that Dermody Properties, a national industrial development company headquartered in Reno, Nev., and Hillwood Investment Properties are developing for Wayfair Inc. (NYSE:W) was recently named the Industrial Deal of the Year by NAIOP’s Cincinnati/Northern Kentucky Chapter (NAIOP). The 898,560-square-foot facility, known as LogistiCenterSM at 275, was recognized at NAIOP’s annual Night…
Dermody Properties Breaks Ground on 898,560 Square Feet for Wayfair, Inc.
Dermody Properties and Hillwood Investment Properties recently broke ground on an 898,560-square-foot facility for Wayfair Inc. (NYSE:W), one of the world’s largest online destinations for home furnishings and décor. The groundbreaking took place at 1600 Donaldson Rd. in Erlanger, Ky., adjacent to the Cincinnati/Northern Kentucky International Airport (CVG). The new facility, known as LogistiCenterSM at…
Dermody Properties Hires Senior Vice President of Development, Midwest Region
Dermody Properties has hired 25-year real estate industry veteran Lou Berchicci as the company’s Senior Vice President of Development, Midwest Region. Berchicci will be based in our Midwest Region Office in Chicago. Berchicci is responsible for overseeing the design, entitlement, budget and construction for speculative and build-to-suit development in the Midwest markets. Berchicci will also provide…
Dermody Properties to Develop 898,560 SF for Wayfair Inc. in Northern Kentucky
Dermody Properties, in a joint-venture with Hillwood Investment Properties (Hillwood) will develop an 898,560-square-foot facility for Wayfair Inc. (NYSE:W), one of the world’s largest online destinations for home furnishings and décor. The facility will be located on a 52-acre site at 1600 Donaldson Rd. in Erlanger, Ky., adjacent to the Cincinnati/Northern Kentucky International Airport (CVG).…
Brian Quigley: CRE's Transformer
by Bianca Herron, RE Journals, December 11, 2014 Brian Quigley started in the real estate industry in 1987 after graduating from DePaul and cut his teeth at JMB Realty as a CPA in the financial reporting department. Quigley said JMB was a great place to start because of the tremendous deal flow and exposure to…
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…