Member News  

NAIOP Member News offers members the opportunity to promote important announcements from their company. These include personnel transactions (hirings, promotions), company news (awards, relocations, stock reports, mergers and acquisitions) and deals (purchases, sales, major financing, awarding of property management contracts, groundbreaking and topping off, leases and land sales).

Submit your news using the online form. NAIOP will review submissions for length, clarity and appropriateness. Press releases sent directly to NAIOP may not be included.

09/08/2017 Company News

Dermody Properties Completes 626,439 SF Distribution Center in Dallas

Dermody Properties

Dermody Properties, a national real estate investment, development and management company specializing in acquisitions and development of logistics real estate, recently completed Phase 1 of LogistiCenter at Dallas, a two-building industrial park located on a 61.725-acre site in south Dallas at Bonnie View Road and Logistics Drive near Interstate 20. Phase 1 of the industrial park includes a 626,439-square-foot distribution center that is expandable to 1.1 million square feet. The Class A distribution facility, which is expandable to 1.1 million square feet, features 36-foot clear height, 111 loading docks, four drive-in-doors, 262 car parking stalls and 136 trailer stalls. “The features of this facility make it e-commerce ready and suitable for local, regional and national operations alike,” said Patrick Gallagher, partner southwest region, Dermody Properties. “With the Phase 1 facility complete, we are setting our sights on Phase 2 of the project, which will include the development of a 447,457 square-foot building that will also be e-commerce compliant.” Dave Anderson, Nathan Lawrence and Krista Raymond of CBRE are the brokers marketing the facility on behalf of Dermody Properties. Alliance Architects provided architectural services, and MYCON General Contractors served as the general contractors on the project. “We are pleased to deliver this quality project that is located in one of the fastest growing submarkets in the warehouse/distribution sector here in North Texas,” said John Riggins, vice president of office and industrial services, MYCON. “These mega projects continue to require fast-track execution of sustainable building design elements and lean construction techniques.

Contact: Chrisie Yabu, 775-686-7437

CenterPoint Properties PV|303