www.marejournal.com Mid Atlantic Real Estate Journal — Industrial / Distribution Centers — May 25 - June 7, 2012 — 5B I NDUSTRIAL R EAL E STATE & D ISTRIBUTION C ENTERS By Stephen G. Bailey, RLA, CCIM, Dermody Properties Dermody Properties’ LogistiCenter at Logan: 5 buildings totaling 1.5 million s/f L national corporate distribution operations, manufacturers and third-party logistics firms. ogistiCenter at Logan, a ClassAmaster-planned industrial park, sits
The location offers direct access to a major highway infrastruc- ture and rail service, making the industrial park an ideal place from which tenants can service both the northern and southern markets - fromWash- ington D.C. to New York. Located in a business-friendly state, with county and munici- pal governments committed to economic development, Logis- tiCenter at Logan is an ideal location for warehouse, distri- bution and manufacturing cen- ters. The industrial park was designed to satisfy the needs of regional, national and inter-
on 1,100 acres of land in Lo- gan Township, New Jersey. S i n c e De r - mody Proper- ties, parent c ompany o f DP Partners, acquired the i ndu s t r i a l park in 2005,
Dermody Properties’ joint venture partner in the project is Great Point Investors, LLC, of Boston. The Dermody Prop- erties team currently managing LogistiCenter at Logan includes Stephen G. Bailey, RLA, CCIM, partner; Matthew Marshall, associate partner; and James V. Mascaro, CCIM, LEED-AP, director of development. Stephen G. Bailey, RLA, CCIM is partner, Der- mody Properties, Eastern Region. ■
Stephen G. Bailey
five buildings totaling 1.5 mil- lion s/f have been developed. Upon total build-out, Lo- gistiCenter at Logan will ac- commodate more than 7.4 million square feet of new manufacturing, distribution, warehouse, industrial, re- search-and-development, office and flex space. The industrial park offers ultimate flexibility, with the ability to provide sites from 4 to 100 acres and build- ings from 10,000 to 1.2 million s/f. LogistiCenter’s location and ability to accommodate operational facilities of nearly any size and type has made it a hub for consumer products, food and pharmaceutical com- panies, including Kimberly Clark, Vistar - a Performance Food Group Company - La- Brea Bakery, Cardinal Health and McKesson. The Dermody buildings are occupied by a diverse group of well-known national companies, includ- ing Freightliner, Sears, UPS, Ta Chan International, and HHGregg. Commerce Corner - a 259,910 s/f office and distribution facil- ity within the industrial park - offers manufacturing, dis- tribution and warehousing opportunities, making it the perfect compliment to the land sale and build-to-suit capabili- ties in LogistiCenter at Logan. Commerce Corner has an ad- ditional 9.6 acres that would allow the existing facility to expand to 470,000 s/f. Perfor- mance Food Group, Inc., one of the nation’s largest foodservice distributors, currently leases 61 percent of the facility, with the remaining 100,283 s/f of fully conditioned warehouse/ distribution space available for immediate occupancy. Located 12 miles south of Philadelphia, in the center of the Northeast Corridor, Logis- tiCenter at Logan is strategi- cally located to optimize the distribution supply chain and maximize speed-to-market.
LogistiCenter Aerial
2011 Leasing Totals: 99.8% Occupied 3,647,365 SF Leased Heller Industrial Parks
Leasing for less in Central Jersey. Huge Foreign Trade Zone Energy Efficient Warehouse Lighting 60% Lighting Bill Reduction 20% Solar Energy Electric Rebates Subsidized Daycare
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