Monday, December 22, 2014

Industrials Rising in South Jersey as Dermody Expands LogistiCenter

by Steve Lubetikin,

Reno-based Dermody Properties has started construction on a new multi-tenant facility in LogistiCenter Logan, its 7.4-million-square-foot industrial park.

The multi-tenant facility at 1110 Commerce Blvd. will total 171,600 square feet. Construction is expected to be complete in summer 2015. The facility, with 32-feet of clear height, 105 car parking spaces and 39 trailer parking spaces will be suited for e-commerce, food and beverage, and consumer product warehousing and distribution.

“Last spring we updated the master plan for LogistiCenter Logan to offer a wide variety of building sizes and configurations to meet the broad spectrum of industrial demand,” says Gene Preston, partner, Dermody Properties East Region Office. “It is exciting to now be starting construction on the first building in that revised master plan.”

LogistiCenter Logan is halfway between New York City and Washington, DC., in the heart of the Northeast transportation corridor. The location has nearby access to Interstate 295, the New Jersey Turnpike, the Pennsylvania Turnpike, and Interstate 476. The industrial park is within 15 miles of Delaware River ports in Camden, Philadelphia and Wilmington.

Blue Rock Construction is Dermody Properties’ construction partner, and Colliers International is marketing the property. Great Point Investors LLC is the strategic capital partner on the project.

“We are pleased to be starting construction on another facility in LogistiCenter Logan,” says Douglas A. Kiersey, Jr., president of Dermody Properties. “The demand for industrial properties across New Jersey has been on the rise, and we will continue to provide state-of-the-art facilities in this highly desirable market.”

LogistiCenter Logan is a 1,100-acre industrial park with 11 available lots ranging from 17,000 to 1,000,755 square feet. The center currently has a diverse group of tenants, including Performance Food Group, Mission Produce, Albert’s Organics, Kimberly Clark Corporation, Sears and hh gregg.

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