20C — May 29 - June 11, 2015 — Industrial / Distribution Centers — M id A tlantic
Real Estate Journal
www.marejournal.com
I ndustrial R eal E state & D istribution C enters Multi-tenant facility in LogistiCenter Logan, the developer’s 5.5m s/f industrial park Dermody Properties breaks ground on 171,600 s/f industrial facility in Southern NJ L
tion, the facility will be fully operational and ideally suited for e-commerce, food and bev- erage, and consumer product warehousing and distribution operations. It will feature 32 feet of clear height, 106 car parking spaces and 39 trailer parking spaces. “This facility is the first we have broken ground on as part of our new master plan for Lo- gistiCenter Logan,” said Gene Preston , partner, Dermody Properties East Region Office. “It is the first of many ground- breakings we hope to host here in the coming years as we continue to develop industrial facilities to meet the demand in this versatile market.” LogistiCenter Logan is lo- cated halfway between New York City andWashington, DC, in the heart of the Northeast Transportation Corridor. This location provides exceptional access to I-295, the New Jersey Turnpike, the Pennsylvania Turnpike, I-476 and the East- ern Seaboard. Great Point Investors is the strategic capital partner on the project, and Blue Rock Construction is serving as Dermody Properties’ construc- tion partner. Marc Isdaner , Michael Zerbe and Mark Chubb of Colliers Inter- national are marketing the property. “We are pleased to continue our involvement with both LogistiCenter Logan and Der- mody Properties in continuing to bring state-of-the-art logis- tics space to the South Jersey market,” said Joseph Ver- saggi , principal, Great Point Investors. “1110 Commerce is the next phase of many planned developments in our ongoing program to meet the needs of tenants who demand highly efficient facilities.” “Dermody Properties has strategically developed fa- cilities in the LogistiCenter Logan park for many years,” said Douglas Kiersey, Jr. , president, Dermody Properties. “We are pleased to continue to develop a range of best-in-class industrial facilities for a variety of customers in need of indus- trial space in this market.” LogistiCenter Logan is a 1,100-acre industrial park with 11 available lots ranging from 17,000 to 1,000,755 s/f. Upon build out, the park will accom- modatemore than 5.5million s/f of industrial, distribution and light manufacturing facilities. n
OGAN TOWNSHIP, NJ — Dermody Prop- erties , a national indus- trial development and operat- ing company headquartered in Reno, Nev., and Great Point Investors, LLC broke ground on a new multi-tenant facility in LogistiCenter Logan, the developer’s 5.5 million s/f in- dustrial park. The facility is located at 1110 Commerce Blvd. and will total 171,600 s/f. The site is situated prominently at the entrance to LogistiCenter Logan. Construc- tion is expected to be complete in June 2015. Upon comple-
1110 Commerce Boulevard
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