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Dermody Properties, a national private equity real estate investment, development and management company focused exclusively on the logistics real estate sector, has acquired two Class A industrial buildings at 7580 and 7630 Cherry Avenue in Fontana.
Dermody Properties has leased LogistiCenter℠ at Rialto I Building 4, a 411,330-square-foot logistics facility, to a privately-owned-and-operated logistics company that stores and distributes products throughout the United States.
Dermody Properties has acquired 11.06 acres in Stonecrest, Dekalb County, for a new state-of-the-art distribution facility named LogistiCenter℠ at Miller Road.
Dermody Properties has completed the construction of two buildings totaling 557,820 square feet in Eastern Pennsylvania. The property, LogistiCenter℠ at Lehigh Valley East, is located at 450-460 East Moorestown Road.
Dermody Properties has acquired land for a new Class-A warehouse in northern California. The project, LogistiCenterSM at Rohnert Park, is available for pre-leasing. Construction is underway and delivery is expected in the first quarter of 2021.