Friday, April 10, 2015

Dermody Breaks Ground at Two LogistiCenters in Suburban Philadelphia

National industrial development and operating company Dermody Properties has broken ground on two industrial facilities totaling 773,850 square feet across two industrial parks totaling 6.8 million square feet in the northeastern U.S.

LogistiCenter Logan:

In Logan Township, NJ, the developer and its capital partner Great Point Investors LLC have broken ground on a multi-tenant facility at 1110 Commerce Blvd.

When completed in June 2015 it will total 171,600 square feet of fully operational industrial space ideally suited for e-commerce, food and beverage, or consumer product warehousing and distribution.

The property will feature 32-foot clear heights and parking for 39 trailers and 106 cars - part of the proposed 5.5 million-square-foot LogistiCenter Logan industrial park in Southern New Jersey.

LogistiCenter Carlisle:

 In Carlisle, PA, the developer broke ground on another facility with PCCP LLC, a real estate finance and investment management firm, at 1 Ames Dr.

Available for preleasing now, the 602,250-square-foot facility will feature 36-foot structural heights, 142 loading docks, and parking for 93 trailers and 187 cars when completed in September 2015.

The building is part of the 1.3 million LogistiCenter Carlisle industrial park in Central PA, where Dermody completed the 700,000-square-foot 2 Ames Dr. last fall, currently fully leased to Amazon.

"There has been a great amount of industrial activity in submarkets like Carlisle and Logan recently," said Gene Preston, partner, Dermody Properties East Region Office. "We continue to work with our partners to develop best-in-class warehousing and distribution facilities that will enable companies to reach the northeastern U.S. population efficiently."

LogistiCenter Logan is a 1,100-acre industrial park with 11 available lots ranging from 17,000 to 1 million square feet. The park is located halfway between New York City and Washington D.C. LogistiCenter Carlisle is centrally located just one mile from I-81, a major North-South thoroughfare that puts approximately 40 percent of the U.S. population with a one-day drive. The area is home to numerous household brand names.

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