NEWS
Dermody Properties Acquires 50 Knickerbocker Road in Moonachie, New Jersey
We are pleased to announce the acquisition of 50 Knickerbocker Road, a +/-72,045-square-foot warehouse on 2.95 acres of land in the Bergen County township of Moonachie. Dermody Properties plans to transition the building from a manufacturing and warehouse facility to a traditional warehouse in a Class A+ location. Capital improvements will include repaving the truck…
Dermody Properties Promotes Robert Borny, CCIM to Partner
We are pleased to announce the promotion of Robert Borny, CCIM to Partner. Borny has been with the company since October 2017 and previously held the position of Senior Vice President of Capital Deployment in the East Region. This new role took effect on July 1. “In the three and a half years he’s been…
Dermody Properties Leases 7580 Cherry Avenue in the Inland Empire to Pacific PPE Corporation
We are pleased to announce the lease of 7580 Cherry Avenue to Pacific PPE Corporation (3PE), a group of manufacturing entrepreneurs dedicated to providing high-quality personal protective equipment to help save lives. 3PE will occupy the entire 84,364-square-foot building for five years. Situated in the heart of the Inland Empire West marketplace, the property benefits from…
Dermody Properties Leases Part of LogistiCenter℠ at 78-81 to The Hillman Group
We are pleased to announce the lease of LogistiCenter℠ at 78-81, located at 501 Old Forge Road in Lebanon County, to The Hillman Group. An industry leader in builder solutions, The Hillman Group will occupy 186,900 square feet of the 405,000-square-foot facility and use it primarily for distribution of their construction fastener materials to national hardware…
Dermody Properties Closes Industrial Fund at $1.1 Billion
We announced the closing of our third commingled fund, the Dermody Properties Industrial Fund III, L.P., (DPIF III), on June 2, 2021. DPIF III raised $1.1 billion, exceeding its target fundraising goal of $800 million. Investors in DPIF III include public and corporate pension funds, insurance companies and other institutional investors. Nearly all the first…
Dermody Properties Leases 16,913 Square Feet in Northern California
We are pleased to announce the partial lease of LogistiCenter SM at Rohnert Park to a popular beverage company. The building construction was recently completed, and the customer will occupy 16,913 square feet of the 69,550-square-foot building, which will serve as its North Bay distribution facility. “LogistiCenterSM at Rohnert Park is a rare opportunity for customers…
Dermody Properties Hires Barbara Hazlett as Investment Manager
We are pleased to welcome Barbara Hazlett as Investment Manager in the Midwest region. Based in the Chicago office, Hazlett will support Neal Driscoll, Midwest Region Partner, in all acquisition, development, leasing, marketing and property management efforts in the region. “Barbara brings with her more than two decades of experience in real estate planning, project…
Dermody Properties Acquires a 90,725-Square-Foot Industrial Building in the Bay Area
Rare in-fill opportunity located in the East Bay’s core industrial market with easy access to major airports, seaports, the interstate freeway system, and a dense population base We are pleased to announce that we have acquired 14490 Catalina Street, a 90,725-square-foot manufacturing facility situated on 4.49 acres of land. Formerly a bakery manufacturing facility, the current…
Dermody Properties Leases 7630 Cherry Avenue to Tremco
We are pleased to announce the lease of 7630 Cherry Ave. in Fontana to Tremco Incorporated, part of the Tremco Construction Products Group (Tremco), the industry’s only provider of comprehensive systems and services for all six sides of a building enclosure. Tremco will occupy the entire 119,087-square-foot building for ten years. “We are pleased to welcome…
Dermody Properties Leases Distribution Circle Commerce Center in Las Vegas to One Solution
We are pleased to announce the lease of Distribution Circle Commerce Center to One Solution, a nationwide sales, marketing, consulting and training organization providing representation to best-in-class manufacturers in the industrial/MRO construction, safety, fire/rescue, utility, food processing and welding channels. One Solution will lease all 225,937 square feet of the building, located at 4141 Distribution Circle,…