Dermody Properties, a national private equity real estate investment, development and management company focused exclusively on the logistics real estate sector, is pleased to announce the lease of space at LogistiCenter at Southport to FRSTeam, an international company specializing in fabric and electronic restoration. The company will occupy 42,268 square feet in the building in the fourth quarter of 2021.
In March, we announced that LKQ Corporation would lease 152,857 square feet of LogistiCenter at Southport. With FRSTeam moving in as the second tenant in the building, only 184,004 square feet of space remains available within the Class A, state-of-the-art logistics facility.
“There is a high demand from our customers looking to locate facilities in Sacramento, not only because of the access it provides to the Western United States, but also because of the strong workforce,” said George Condon, West Region Partner at Dermody Properties. “We are pleased to welcome FRSTeam as our second tenant in this building and we feel confident that this facility and the property’s location will greatly benefit the customer’s operations.”
Michael Lyons of CBRE is the leasing agent for the property. Dave Planting of CBRE represented FRSTeam. Tom Schaal and Mark Heavey of Schaal Realty Advisors are Dermody Properties’ partners.
Located within the 650-acre, master-planned Southport Industrial Park, the remaining available space at LogistiCenterSM at Southport features 35 dock high doors and two grade-level doors. The building is also equipped with an ESFR fire protection system.
“Sacramento consistently proves to be a strong industrial market for logistics-based customers,” said Elizabeth Kauchak, Chief Operating Officer at Dermody Properties. “As the trend continues, we remain focused on sourcing and developing valuable assets to add to our portfolio.”
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.
For more information on LogistiCenter at Southport and the remaining available space, visit the property page.https://dpwebsite.wpengine.com/region/west-region/property/logisticenter-at-southport/