Dermody Properties is a privately-owned real estate investment, development and management firm that specializes in the acquisition and development of logistics real estate in strategic locations for e-commerce fulfillment centers, third-party logistics and distribution customers. It was only natural to have Dermody Properties capitalize upon this scenario for greater growth. Appliances after World War II were like cell phones are today consumers couldnt get enough of them. Today, LogistiCenter is a national trademarked brand, owned by Dermody Properties. Dermody Properties will develop approximately 10 . Dermodys DPIF III was oversubscribed, exceeding its $800 million target. 2022 Commercial Property Executive. Technology and styles were changing daily. In addition to its corporate office in Reno, Nev., it has regional offices in northern and southern California, Atlanta, Phoenix, Seattle, Chicago, Dallas and New Jersey. Katie . (775) 858-8080 We are proud of our roots, and also our national footprint, said Dermody. Across the Delaware River, Dermody is also constructing the 1.2 million-square-foot LogistiCenter at Woolwich, situated in Gloucester County. Dermody Properties has closed its third commingled fund, Dermody Properties Industrial Fund III L.P. Dermody could now provide under one roof leasing, land, financing and construction. Dermody Properties is a privately-owned real estate investment, development and management firm that specializes in the acquisition and development of logistics real estate in strategic locations for e-commerce fulfillment centers, third-party logistics and distribution customers. Dermody gives credit to his team who moved with unparalleled speed to be under contract with the buyer within two months. 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 successful industrial development company, Dermody Properties. Dermody Properties will develop approximately 10 million square feet of specul, Dermody Properties, a national private equity real estate investment, development and management company focused exclusively on the logistics real estate sector, announced the acquisition of 961 acres of land in El Mirage, Ariz., a suburb of Phoenix, which will be developed into Copperwing Logistics Center, one of the largest industrial parks in Arizonas history. Dermody Properties has acquired in 1 US state. The Reno, Nev.-based company was able to raise $1.1 billion from public and corporate pension funds, insurance companies and other institutional investors. It has also divested 1 asset. Reno/Sparks was growing into one of the premier industrial locations in the country, with the highest industrial square footage per capita. But the calm didnt last, as he turned his attention to real estate in Nevada. A national industrial real estate investment, development & management firm with a focus on logistics real estate. In addition to its corporate office in Reno, Nev., it has regional offices in southern California, Atlanta, Phoenix, Seattle, Chicago and New Jersey.Read More, Slide to rate Michael Dermody as a Chairman & Chief Executive Officer, View Email Formats for Dermody Properties, Dermody Propertiess headquarters are in 5500 Equity Ave, Reno, Nevada, 89502, United States, Dermody Propertiess phone number is (775) 858-8080, Dermody Propertiess official website is www.dermody.com, Dermody Propertiess revenue is $25 Million, Dermody Properties is in the industry of: Real Estate, Dermody Properties's main competitors are: Industrial Developments Intern, Ashley Capital LLC, Panattoni Development Co, Weston Inc, Dermody Properties has acquired the companies: Dermody Properties Foundation, The technologies that are used by Dermody Properties are: MySQL, Font Awesome, Drupal, PHP, Dermody Properties's CEO is Michael Dermody, Join the world's top companies using Zoominfo, See more information about Dermody Properties. 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These institutional partnerships were the springboard for the explosive growth that would occur during the 1990s and early part of the next millennium. 14490 Catalina St. in San Leandro, Calif. Reno, Nev.-based Dermody Properties is a privately owned real estate investment, development and management firm specializing in the acquisition and development of logistics real estate. Nevada is where we started. www.dermody.com. Today, the company continues its national development reach, with corporate offices in Reno, and regional offices in Chicago, Philadelphia, Phoenix and Portland. More significantly, California did not have this law and it taxed goods. In addition to the Bay Area, last year Dermody also acquired properties in the Inland Empire and Las Vegas markets, adding roughly 800,000 square feet to its portfolio in the Western region. To increase revenue, the State of Nevada, envisioning Northern Nevada as a Western US distribution hub, had passed the Freeport Law in 1949. In the appliance business, Dermody had developed strong business networks statewide. LogistiCenter, a nationally trademarked brand owned and developed by Dermody Properties, represents the company's business philosophy of developing Class A distribution and logistics facilities that meet the supply-chain requirements of the most innovative companies. Investments will be directed toward single properties and portfolio acquisitions, as well as development opportunities. The Reno, Nev.-based company was able to raise $1.1 billion from public and corporate pension funds, insurance companies and other institutional investors. At the time of purchase, the assessed value of the two adjacent properties Dermody bought was about $75.42 million, combined, or more than $3.72 million an acre, according to Old Republic Title . After building a successful appliance business in Northern Nevada, Dermody sold it in 1960, but kept the building and became a landlord. Hit a Hole-In-One for Serving Our Kids Foundation Plan to Swing At 11th Annual Golf Tournament on November 5 at Stallion Mountain Golf Club. A national industrial real estate investment, development & management firm with a focus on logistics real estate. For more information, visit www.Dermody.com. | Dermody Properties is a privately-owned real estate investment, development and management firm that specializes in the acquisition and development of logistics real estate in strategic locations for e-commerce fulfillment . The company was renamed Dermody Properties to reflect the broader business initiatives. United States, Reno, Nevada Founded in 1960, Dermody Properties has invested in more than 89 million square feet of industrial space. Dermody Properties Closes 3rd Industrial Fund at $1.1B, Dermody Properties Inks Full-Building Lease in Las Vegas, NorthPoint Completes 1 MSF Spec Facility Near St. Louis, Prologis to Add 1 MSF at Denver-Area Industrial Park, NorthPoint Development to Build 1.4 MSF Target Facility, Trends Altering CRE: MSCI Global Real Assets. 2018 Every day, new opportunities emerge around M&A and we help professionals of all types comb through transactions, investors, and corporate acquirers via an easy-to-use web database that is accessible to anyone. The property was recently acquired through DPIF III. At that time, Dermody Properties also developed its first speculative building. According to CommercialEdge, Dermody owns more than 18.7 million square feet of . The industrial developer can. Recently Acquired United States Companies, M&A research that takes seconds (not all afternoon), Better understand your customers and prospects. Key People Who own Dermody Properties LLC Known Addresses for Dermody Properties LLC 60 Sandprints Dr Miramar Beach, FL 32550 60 Sandprints Dr 1702 Valparaiso Blvd Niceville, FL 32578 Advertisements Corporate Filings for Dermody Properties LLC Florida Department of State Advertisements Source Florida Department of State His goal was to slow down. Currently the company has more than $100 million in projects under development in Pennsylvania, New Jersey, Illinois, Kentucky and Nevada, and expects to add several new markets in 2014. In 2007 Dermody Properties made national news when it sold its portfolio of 25 million square feet to ProLogis. Soon John Dermody, along with other developers and landowners in the region, seized the opportunity and focused on Northern Nevada as a geographical hub for warehousing and distribution in the Western states. Matt Bentley of NAI Brannen Goddard is the leasing broker for the project. According to CommercialEdge, Dermody owns more than 18.7 million square feet of industrial assets, some of which are currently under construction. Dermody Properties buys Rancho Cordova land for future industrial projects for $14.2 million Enlarge Dermody Properties is developing LogistiCenter at Rancho Cordova, an industrial building. 89502 Dermody Properties, a national real estate investment, development and management company focused exclusively on the logistics real estate sector, broke ground Thursday, Oct. 27 . DPIF III will align with the companys strategy of investing in Class A, logistics facilities across major markets. It will be the first major development of its scale in Nevada since 2008. United Construction soon grew beyond the Dermody Properties customer base, and began serving national clients. Dermody Properties was founded in 1960 and is based in Reno, Nevada. Dermody Properties is a real estate investment, development, and management firm that specializes in acquisitions and development of real estate in strategic locations for e-commerce fulfillment centers, third-party logistics, and distribution customers. Founded in 1960, Dermody Properties has invested in more than 89 million square feet of industrial space. We built Mergr to save people the arduous and time-consuming process of tracking when companies are bought, sold, and who currently owns them. The previous iteration, DPIF II, also exceeded its target, closing at $619.2 million in August 2018. It represents the firms business philosophy of developing distribution facilities that meet the supply-chain requirements of companies. This law exempted taxation on goods warehoused in Nevada. Rent By Owner Gunzenhausen, Germany WALD VACATION RENTALS Book at the #1 Vacation Rental located in Wald of Gunzenhausen. The most recent acquisitions have occurred in Carlisle, Penn., McCook, Ill. (in the Chicago area), Louisville, Ky., and most significantly, in Northern Nevada. All Rights Reserved. November 1, 2022. Dermody Properties has acquired 1 company, including 1 in the last 5 years. Here's a list of some of the top trending technologies and APIs used by Dermody Properties. Dermody Properties will develop approximately 10 million square feet of speculative. Today, LogistiCenter is a national trademarked brand, owned by Dermody Properties. Founded in 1960, Dermody Properties has invested in more than 89 . In 1990, Michael Dermody saw the need for a strong, balanced financial platform to support the companys growth, and so aligned with the California Public Employees Retirement System (CalPERS), the largest public pension plan in America. Rent By Owner Find and Compare GUNZENHAUSEN VACATION RENTALS Best in Gunzenhausen, . dermody properties, a national private equity real estate investment, development and management company focused exclusively on the logistics real estate sector, announced the acquisition of 961 acres of land in el mirage, ariz., a suburb of phoenix, which will be developed into copperwing logistics center, one of the largest industrial parks in It has also divested 1 asset.. Dermody Properties' largest acquisition to date was in 2021, when it acquired The Allstate - Northbrook campus for $232M.It's largest disclosed sale occurred in 2021, when it sold The Allstate - Northbrook campus to Dermody Properties for $232M. In 1982, Michael Dermody became president of the company and took it in a broader direction, with what would become a trademark focus on customer service and also speculative development. Dermody Properties | 3,408 followers on LinkedIn. Dermody Properties has acquired 1 company, including 1 in the last 5 years. Dermody Properties is a privately-owned real estate investment, development and management firm that specializes in the acquisition and development of logistics real estate in strategic locations for e-commerce fulfillment centers, third-party logistics and distribution customers. In 2007 Dermody Properties made national news when it sold its portfolio of 25 million square feet to ProLogis. 2017 Dermody Properties Industrial Fund (DPIF I) Closes Dermody Properties Industrial Fund (DPIF) I - the company's first co-mingled fund - closes at $442.4 million.