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.

Update News
08/06/2020 Deal

Dermody Properties Announces New Lease at LogistiCenter℠ at Rialto

Dermody Properties

Dermody Properties, a national private equity real estate investment, development and management company focused exclusively on the logistics real estate sector, has leased LogistiCenterSM at Rialto Phase II Building 7 to a new customer. The 202,260-square-foot logistics building is situated on a 10.57-acre site at 1855 W. Renaissance Parkway and was pre-leased prior to completion of construction. LogistiCenterSM at Rialto Phase II Building 7 is part of the Renaissance Rialto master-planned development in the Inland Empire West industrial market. “The Inland Empire is a highly sought-after area of the country and we continue to see unprecedented growth in this market,” said Matt Mexia, Partner in Southern California for Dermody Properties. “LogistiCenterSM at Rialto is a Class-A solution, offering excellent amenities to large companies operating on a global scale.” Dan de la Paz, David Consani and Jim Koenig of CBRE represented Dermody Properties in the lease. LogistiCenterSM at Rialto is strategically located between the Interstate-210, Interstate-15 and Interstate-215 freeways. The property is within 70 miles of both the Port of Los Angeles and Los Angeles International Airport. “Location is one of the most important logistics criteria for a successful supply chain,” said Elizabeth Kauchak, Chief Operating Officer at Dermody Properties. “LogistiCenterSM at Rialto provides customers with direct access to Southern California and the Western United States.” Corporate neighbors of the property include Amazon, Target, Kellogg’s and FedEx, among others. LogistiCenterSM, a nationally trademarked brand owned and developed by Dermody Properties, represents the company’s business philosophy of developing Class-A distribution and logistics facilities that meet the supply-chain requirements of the most innovative companies. For more information on Dermody Properties’ active and available properties in Southern California, visit https://dermody.com/region/southern-california-region/.

Contact: Sara Robbins, 702-283-0447

07/29/2020 Company News

Dermody Properties Announces New Customer at LogistiCenter℠ at Speedway in North Las Vegas

Dermody Properties

LAS VEGAS, Nev. — Dermody Properties, a national private equity real estate investment, development and management company focused exclusively on the logistics real estate sector, has leased 64,400 square feet at LogistiCenterSM at Speedway to Noble Supply & Logistics. Noble is a provider of supply chain management, logistics, mission support, and technology/e-commerce solutions for the U.S. military, federal, state, and local governments. Noble's global footprint includes operation centers, distribution centers, and consolidation points positioned to expedite delivery and enhance product availability. Noble is due to begin fulfilling orders in the new space on August 3, and this expansion will support the company’s supply chain management and logistics activities and growing operations in Hawaii, Guam, Japan, and the South Pacific. LogistiCenterSM at Speedway is strategically positioned just five miles from FedEx Freight and UPS Freight, seven miles from the US-95 and Interstate 15 interchange, and 15 miles from McCarran International Airport. Corporate neighbors of LogistiCenterSM at Speedway include Amazon, Sephora, Sysco Foods and the Las Vegas Motor Speedway. Garrett Toft and Sean Zaher of CBRE represented Dermody Properties in the lease. Donna Alderson and Greg Tassi of Cushman & Wakefield represented Noble Supply & Logistics. There is a remaining 112,200 square feet available for lease within the building, divisible to 48,600 square feet and 63,600 square feet. LogistiCenterSM, a nationally trademarked brand owned and developed by Dermody Properties, represents the company’s business philosophy of developing Class A distribution and logistics facilities that meet the supply-chain requirements of the most innovative companies. Learn more about LogistiCenterSM at Speedway and the remaining available space on our website.

Contact: Sara Robbins, 702-283-0447

07/09/2020 Company News

Mandel Group Announces Succession Plan, New President, COO

Mandel Group, Inc.

MILWAUKEE – Mandel Group, Inc. (MGI), a Milwaukee-based real estate services firm, announced today the implementation of its leadership succession plan, in which members of the emerging leadership group will take on key, new roles in the company. “We have been carefully preparing for the long-term future of the company for many years,” said Chairman and CEO Barry Mandel. “The changes we’re announcing today reflect the continuation of a natural evolution in our leadership team to carry forward the larger, more diversified business we have become over the last 30 years.” Effective immediately, founder and current President Barry Mandel will serve as Chairman and Chief Executive Officer. Ian Martin was elevated to President, and Phillip Aiello was named Chief Operating Officer. Bob Monnat and Dave Pavela will transition to Senior Partners with the firm, and Dave Pavela will continue as Chief Investment Officer. Jason Babcock was promoted to Senior Vice President of Acquisitions & Dispositions to lead the firm’s activity in acquiring properties throughout the Midwest. Angie Achenbach was hired in December of 2018 as Chief Financial Officer when Dave Pavela was elevated to Chief Investment Officer. Don Lindeman, President of the Management Company, and Sherry Meyers Thompson, Controller, will add to the leadership group. The new leadership team structure will enable the company to continue to draw upon the deep experience of its senior leadership group, while elevating members of its emerging leadership group. The plan builds on MGI’s existing strengths, retains institutional knowledge and positions the company for even greater success in the future.

Contact: Ellie O'Neil, 414-390-5500

07/08/2020 Deal

CapRock Partners Expands Foothold in Phoenix with Acquisition of Another Class A Industrial Asset

CapRock Partners

CapRock Partners, a leading private industrial investment and development firm based in Newport Beach, Calif., today announced it has acquired a newly constructed industrial building located at 4615 W. McDowell Rd. in Phoenix. This acquisition comes on the heels of CapRock’s purchase of 7200 W. Roosevelt St., a 216,880-square-foot Class A property, and brings CapRock’s Phoenix footprint to more than 1 million square feet of industrial space, with the firm already in escrow to acquire several additional properties in the Phoenix metro area. “CapRock’s strategy to expand its foothold in the Phoenix market has not been curbed by COVID-19, in fact, we’re seeing new industrial demand drivers emerging as a result of this pandemic, including a spike in e-commerce, retailers increasing their stockpiles and companies eyeing nearshoring and onshoring to mitigate supply chain risk and disruptions,” said Bob O’Neill, senior vice president, acquisitions, of CapRock Partners. “We are seeing tenant interest ramping up in Phoenix, fueled by the rise of e-commerce and other food and medical-related sectors that have seen an increase in demand as a result of the pandemic.” The 4615 W. McDowell Rd. asset is a 146,500-square-foot building that can accommodate up to four light-manufacturing and distribution tenants. A key consideration in the property’s acquisition was its prime visibility, with 900 linear feet of frontage along the I-10 freeway, and its optimal location, within a mile of an on/off ramp to the I-10. The location enables single-day deliveries to Southern California, Dallas, Denver and Salt Lake City. The property is surrounded by high-quality tenants such as Amazon, USPS, Del Monte Foods, U-Haul, Home Depot and Walmart. The state-of-the-art facility features two spec offices – each approximately 2,000 square feet – as well as 32-foot clear heights, 26 dock-high and four grade-level loading doors, a concrete truck court that provides ample room for maneuvering and is equipped with heavy power capacity.

Contact: Alvina Olivier, 714-263-8742

06/29/2020 Company News

MVE + PARTNERS BREAKS GROUND ON $144M MIXED-USE COMMUNITY IN DOWNTOWN SALT LAKE CITY

MVE + Partners

MVE + Partners (MVE), a leading architecture, planning, interiors and graphic design firm, today announced the groundbreaking of Post House, a 488,754-square-foot mixed-use, pedestrian friendly development in Salt Lake City’s downtown Post District. Post House is designed for a partnership between Lowe Property Group, BCG Holdings and Q Factor. Bridge Investment Group is the primary capital partner for Post House. The community is comprised of five buildings with 580 residential units, 22,405 square feet of retail and 86,000 square feet of private and public outdoor space. Completion is expected by spring of 2023 with the first residential units and retail scheduled to be completed in spring of 2022. Located on the complete block from 500 South to 600 South and from 300 West to 400 West, the project will serve as a social hub for area residents complete with walkable restaurants, cafes, shops, open green space, plazas and more. The five buildings of new construction will be interwoven within existing adaptive-reuse structures to help revitalize the downtown region while preserving the area’s historic industrial nature. “We’re honored to partner with Lowe Property Group, Q Factor, BCG Holdings and Bridge Investment Group to introduce a self-sustaining urban environment that will serve as a model for the revitalization of Salt Lake’s larger city blocks,” said Pieter Berger, senior associate partner at MVE. “Designed to be the ‘complete neighborhood,’ Post House will be a curated live-work-play environment with an emphasis on the pedestrian with forward thinking shared amenities for urban residents, commercial tenants and visitors alike.”

Contact: Angelyssa Granillo, 909-576-1758

06/25/2020 Deal

Dermody Properties Breaks Ground on 22.7 Acres in West Sacramento for LogistiCenter℠ at Southport

Dermody Properties

Dermody Properties, a national private equity real estate investment, development and management company focused exclusively on the logistics real estate sector, recently acquired 22.7 acres in West Sacramento, Calif. The new LogistiCenter at Southport will be a 379,161-square-foot, cross-dock industrial building. Dermody Properties, working with Deacon Construction as the general contractor, and with local development partners Tom Schaal and Mark Heavey, recently broke ground on the property. Construction is expected to be complete in the first quarter of next year. Strategically located within Southport Business Park, a 650-acre, master-planned business park, the property will be set up to attract companies looking to target northern California and the western United States. Its location will provide easy access to Interstate-80, Interstate-5, Highway 50 and Highway 99. Mike Lyons of CBRE is representing Dermody Properties as the listing broker for LogistiCenter at Southport. Once complete, the building will offer a 36-foot clear height, 58 dock high doors, four drive-in doors, 106 trailer stalls, 222 car parking stalls and a 135-foot truck court. Plans also include an ESFR fire protection system and a seven-inch concrete floor with concrete tilt walls, as well as build-to-suit office space. For more information on LogistiCenter at Southport, visit our website: https://dermody.com/region/west-region/property/logisticenter-at-southport/.

Contact: Chrisie Yabu, 775-686-7437

06/24/2020 Company News

Indoor Air Quality is Crucial to Public Health and Safety as Buildings Reopen During Pandemic and Second Wave is Anticipated

Pavilion Business Services

In light of COVID-19’s worldwide impact, schools, office buildings, hospitality venues, and shopping centers are among those adapting to new protocols in an effort to reopen responsibly. Following CDC guidelines to keep tenants healthy can be a cumbersome task for those managing buildings of any size. A comprehensive guide, Facilities Management Volume 2, is now available to help developers and facilities managers properly address the issue of indoor air quality. Published by Pavilion Business Services, the 144-page book covers everything from improving management of HVAC systems for healthy air quality to energy conservation and cost savings. “Successful businesses will adapt and innovate to meet their customers’ and employees’ new behaviors and needs while also instilling confidence,” says Facilities Management Volume Two creator Greg Spafford, Managing Director of Pavilion Business Services, who has spent much of his decades-long career managing B2B marketing for large HVAC companies. “Improved indoor air quality, ventilation, and purification are essential to keeping buildings – and those inside them – healthy.” Indoor air quality is not a short-term problem. The World Health Organization (WHO) has indicated that COVID-19 might be here for good, even if a vaccine is developed. Because experts can’t predict if or when this novel coronavirus will dissipate, it’s important to improve indoor air quality to reduce virus spread, given that human beings spend 90 percent of their time inside. Spafford adds, “HVAC serves as the lungs of any indoor environment. If it is well designed and maintained, people will be healthier.” Facilities Management Volume 2 will empower developers to: • design and develop a better functioning workplace • gain knowledge on HVAC effects • improve air quality to maximize health and safety • increase comfort and reduce energy costs • reduce insurance costs • avoid legal liabilities The handbook is available for a reduced price of $97 at HVACAndAirQuality.com.

Contact: Hilary Reiter, 435-901-2071

06/16/2020 Company News

Dermody Properties Announces New Customer at LogistiCenter℠ at 395 in Reno

Dermody Properties

Dermody Properties, a national private equity real estate investment, development and management company focused exclusively on the logistics real estate sector, has leased a portion of LogistiCenter at 395 Phase II Building I in Reno. The new customer is Ernest Packaging Solutions (EPS), a family-run business that uses a design-centered approach to engineering packaging and shipping solutions for a wide array of customers. Today, they are one of the largest independent packaging distributors in the country, but the company has been customer-focused since its humble beginnings in a Los Angeles garage in 1946. EPS has leased 133,108 square feet, leaving 47,952 square feet available for lease within the building. Eric Bennett of CBRE represented Dermody Properties in the lease. Ernest Packaging Solutions was represented by Kelly Nicholls of Lee & Associates.

Contact: Chrisie Yabu, 775-686-7437

06/11/2020 Deal

Dermody Properties Acquires 12.29 Acres in Atlanta for LogistiCenter at New McEver

Dermody Properties

Dermody Properties, a national private equity real estate investment, development and management company focused exclusively on the logistics real estate sector, has purchased 12.29 acres for a new state-of-the-art logistics facility that has been named LogistiCenter at New McEver. This 176,463-square-foot, e-commerce-ready property at New McEver Road is expected to be completed in the second quarter of 2021. Groundbreaking will take place next month and the building will be divisible to 77,500 square feet. It will offer build-to-suit office space and feature 34 dock high doors, two drive-in doors, a 32-foot clear height, 168 car parking spaces, a truck court of 130-185 feet, a 6” reinforced concrete floor with tilt-up concrete panel construction, and an ESFR fire protection system. LogistiCenter at New McEver benefits from easy access to I-75 from two, full-diamond interchanges and is in close proximity to Atlanta’s perimeter highway, Interstate-285. The property’s corporate neighbors include the headquarters of several large corporations in the area, including The Home Depot, UPS and Coca-Cola. Austin Brannen and Matt Bentley of NAI Brannen Goddard represented Dermody Properties in the acquisition of land and will be the leasing brokers for the project.

Contact: Chrisie Yabu, 775-686-7437

06/09/2020 Company News

Hendy Unveils “The New Generation Space” To Help Businesses Support Today’s Blended Workforce

H. Hendy Associates

Hendy, an interior architecture and strategic workplace firm, announced The New Generation Space, to guide business leaders through long-term transition planning for a future where workspaces are customized for operational resiliency; support remote work as a business strategy; and are committed to health, wellness and organizational resiliency. Businesses have reached a tipping point where the primary objective of the office as a physical space for employees to gather to do their job has permanently shifted. Moving forward, workspaces will serve a new purpose: to become the heart of an organization; a hub for leadership, collaboration, learning and cultural engagement. “The pandemic shutdown has been a catalyst, forcing leaders to operate outside their comfort zone and testing firmly-held beliefs about how teams should operate to ensure business success,” said Heidi Hendy, founder and managing principal at Hendy. “This eye-opening experience has demonstrated a new level of organization performance, including high levels of productivity, effective team communication and a new cadence that businesses don’t want to lose.” Hendy’s team of certified interior architects, workplace strategists and WELL-accredited professionals are helping businesses forge this new frontier with services that include readiness assessments, journey mapping and interactive 3-D space planning. Hendy also offers workplace wellness certification through WELL Building Institute™ and Fitwel® – a star rating system based on wellness strategies successfully implemented. To learn more about “The New Generation Space – Health, Wellness and Resiliency” services and how Hendy can help evolve your workspace to meet the new normal, visit hhendy.com.

Contact: Heidi Hendy , 949-851-3080

06/09/2020 Personnel News

Dermody Properties Hires Karsen Keever as Senior Vice President, Development

Dermody Properties

Dermody Properties, a national real estate investment, development and management company specializing in acquisitions and development of logistics properties, has hired Karsen Keever as Senior Vice President, Development. He will be based in Seattle. Keever will be responsible for providing due diligence, design, entitlement, budget and construction oversight for investment developments for lease as well as build-to-suit projects. He will work closely with Phil Wood, Northwest Region Partner. Just prior to joining Dermody Properties, Keever served as Director for Jon Graves Architects and Planners, where he oversaw and managed architectural office enterprise. There, he also managed project entitlements and teams on multiple high-profile projects on behalf of developers in Washington and California, totaling approximately $150 million. Before that, Keever was a Project Manager at Absher Construction, where he was responsible for the oversight and management of a $95 million hotel and apartment tower, the first high-rise building in the city of Tukwila, Wash. To learn more about Keever, read his biography on our website: https://dermody.com/team/karsen-keever/

Contact: Chrisie Yabu, 775-686-7437

06/05/2020 Personnel News

Tracy Allen Promoted to Vice-President, Corporate Director of Client Relations

ECS Group of Companies

Chantilly, VA – June 2020 – ECS is pleased to announce Tracy Allen has been promoted to Vice-President, Corporate Director of Client Relations. In her new role, Ms. Allen is responsible for overseeing national initiatives for client relationship and business development across ECS’ footprint. She joined ECS in 2000 and has 28 years of experience in business development and marketing. “Tracy’s engagement with industry organizations and her client relationships at the national and regional levels have contributed to ECS’ on-going success and growth for many years,” says Grant E. Walker, P.E., Corporate Director of National Accounts. “We look forward to presenting her with new challenges and opportunities with us in her new role.” “From the moment I started with ECS, I learned the importance of taking care of our clients and providing them with the best service possible,” says Allen. “ECS has been supportive of all my efforts throughout my career and I am happy to be part of such a great work-family.” Ms. Allen received her MBA from Marymount University with a concentration in Marketing, and her BS in Marketing and Management from Longwood University. She previously served as a Director of Corporate Marketing. ### ECS is an employee-owned engineering consulting firm with more than 2,000 employees providing geotechnical, construction materials, environmental and facilities consulting services. ECS has grown to over 65 locations and five subsidiaries spread across the Mid-Atlantic, Midwest, Southeast and Southwest. The firm is ranked #69 in Engineering News Record’s (ENR) Top 500 Design Firms (April 2020) and #159 in Engineering News Record’s (ENR) Top 200 Environmental Firms (August 2019). For additional information about the ECS visit: www.ecslimited.com.

Contact: Amy Beaulieu, 540-638-6120

06/04/2020 Deal

Dermody Properties Acquires Logistics Real Estate Near Chicago

Dermody Properties

Dermody Properties, a national private equity real estate investment, development and management company focused exclusively on the logistics real estate sector, has acquired a logistics building at 1501 Harris Road in Libertyville. The building was constructed in 2007 on a 35-acre property situated along Interstate-94 at the intersection of Peterson and Midlothian roads in the Lake County submarket. The Lake County submarket is part of the larger Midwest Region, between downtown Chicago and Milwaukee. A cross-dock facility that boasts 596,616 square feet of logistics space, 1501 Harris features a 37-foot clear height, two drive-in doors, 112 exterior loading docks, 82 trailer parking stalls, 192 auto parking spaces, an ESFR fire protection system and 15,000 square feet of office space. The property is currently occupied but will be available for lease in the first quarter, 2022. Keith Puritz, Brett Kroner and Eric Fischer of Cushman & Wakefield will represent Dermody Properties in the releasing of the project.

Contact: Chrisie Yabu, 775-686-7437

06/02/2020 Deal

Dermody Properties Acquires 9.49 Acres in Las Vegas for LogistiCenter℠ at Sunset

Dermody Properties

Dermody Properties, a national private equity real estate investment, development and management company focused exclusively on the logistics real estate sector, has purchased 9.49 acres in Las Vegas for a new state-of-the-art facility that will be called LogistiCenterSM at Sunset. This 151,200-square-foot, e-commerce-ready property at Sunset Road and Bruce Street in Las Vegas is expected to be completed in the first quarter of 2021. The building is currently under construction and will be divisible to 20,000 square feet. It will offer build-to-suit office space and feature 33 dock high doors, six drive-in doors, a 32-foot clear height, 112 car parking spaces, a 135-foot truck court, LED warehouse lighting, tilt-up concrete panel construction, and an ESFR fire protection system. LogistiCenterSM at Sunset is located approximately 1 mile from the Interstate-215/Interstate-15 interchange, 5 miles from the Resort Corridor and within 10 miles of major FedEx and UPS distribution hubs. The property is adjacent to McCarran International Airport. Kevin Higgins, Garrett Toft, Jake Higgins and Sean Zaher of CBRE represented Dermody Properties in the acquisition of land and will be the leasing agents for the project.

Contact: Chrisie Yabu, 775-686-7437

05/29/2020 Personnel News

Tracy Allen Promoted to Vice-President

ECS

The ECS Group of Companies (ECS) is pleased to announce Tracy Allen has been promoted to Vice-President, Corporate Director of Client Relations. In her new role, Ms. Allen is responsible for overseeing national initiatives for client relationship and business development across ECS’ footprint. She joined ECS in 2000 and has 28 years of experience in business development and marketing. “Tracy’s engagement with industry organizations and her client relationships at the national and regional levels have contributed to ECS’ on-going success and growth for many years,” says Grant E. Walker, P.E., Corporate Director of National Accounts. “We look forward to presenting her with new challenges and opportunities with us in her new role.” “From the moment I started with ECS, I learned the importance of taking care of our clients and providing them with the best service possible,” says Allen. “ECS has been supportive of all my efforts throughout my career and I am happy to be part of such a great work-family.” Ms. Allen received her MBA from Marymount University with a concentration in Marketing, and her BS in Marketing and Management from Longwood University. She previously served as a Director of Corporate Marketing.

Contact: Julie Smith, 704-319-7833

05/27/2020 Deal

Dermody Properties Announces Completion of LogistiCenter℠ at Rialto I

Dermody Properties

Dermody Properties, a national private equity real estate investment, development and management company focused exclusively on the logistics real estate sector, has completed the construction of LogistiCenter at Rialto I, Building 4, located at 1642 W. Miro Way in Rialto. The property sits on 19 acres within the Inland Empire West Industrial Market, and the building is immediately available for lease. LogistiCenter at Rialto I, Building 4 is a 411,330-square-foot distribution facility that features a 36-foot clear height, 2,363 square feet of office space, 244 auto parking stalls, 75 trailer stalls, LED warehouse fixtures and an ESFR fire protection system. LogistiCenter at Rialto is located in the established Renaissance Rialto Business Park with immediate access to Interstate 210, Interstate 15 and Interstate 215. The Renaissance Rialto Business Park is home to a prestigious list of corporate occupiers, including Amazon, Target, Under Armour, Ozburn-Hessey Logistics, Niagara Bottling, Medline Industries, Monster Energy, Distribution Alternatives and Lifetime Brands. Dan de la Paz, David Consani and Jim Koenig, all of CBRE, are the leasing agents for the property.

Contact: Chrisie Yabu, 775-686-7437

05/13/2020 Personnel News

Dermody Properties Hires Logistics Real Estate Veteran James Nass as Senior Vice President, Development

Dermody Properties

Dermody Properties, a national real estate investment, development and management company specializing in acquisitions and development of logistics properties, has hired James Nass as Senior Vice President, Development. He is based in the company’s Chicago office. Nass’ responsibilities include providing due diligence, design, entitlement, budget and construction oversight for both investment developments for lease and build-to-suit projects. He will work closely with Neal Driscoll, Midwest Region Partner for Dermody Properties. “I am looking forward to working with the experienced team at Dermody Properties,” said Nass. “I value the company’s customer-focused strategy and I plan to continue building relationships and pursuing strategic opportunities throughout the Midwest.” Prior to joining Dermody Properties, Nass served as Vice President, Regional Property Improvement and Development Manager for Prologis. In that role, he oversaw both build-to-suit and fee development projects in Chicago, Tennessee and Indianapolis. Prior to joining Prologis, Nass was a project manager at Opus North Corporation, where he was responsible for the design and construction of office, industrial and retail facilities in the Chicagoland area. "We are confident that Jim’s vast experience will bring value to our customers,” said Driscoll. “His knowledge and proven track record in the industry make him a great addition to our team and we know he’ll thrive in this role.” Nass holds a Bachelor of Science degree in construction management from Bradley University in Peoria, Illinois and is a LEED® (Leadership in Energy and Environmental Design) Accredited Professional.

Contact: Chrisie Yabu, 775-686-7437

05/13/2020 Deal

Dermody Properties Acquires 172,445 Square Feet of Class A Logistics Real Estate in Northern California

Dermody Properties

Dermody Properties, a national private equity real estate investment, development and management company focused exclusively on the logistics real estate sector, has acquired Goodrick Logistics Center in Richmond, Calif., consisting of two Class A e-commerce and distribution facilities at 2589 and 2593 Goodrick Ave. 2589 Goodrick Avenue is currently available for lease and can accommodate one or three tenants ranging from 15,000 to 57,872 square feet. 2593 Goodrick Ave. is fully leased to an international mattress distributor. “These buildings were developed to the highest institutional standards and in a location that offers access to the East Bay and the North Bay,” said George Condon, West Region Partner for Dermody Properties. “The available space is ideal for multiple users including regional and last-mile e-commerce distribution, retail, consumer products and durables, and manufacturers.” Mark Detmer, Bo Mills and Ryan Sitov, all of JLL, represented Dermody Properties in the sale. Jason Ovadia, Patrick Metzger, Eddie Shuai and Mike Murray, also of JLL, will be the leasing agents for the property. Located in the Bay Area’s industrial East Bay market, 2589 Goodrick Avenue was built in 2018 and is the only available newly constructed building smaller than 200,000 square feet in the East Bay. The building features a 24-foot clear height, 10 drive-in doors, 75’ by 65’ column spacing, LED warehouse lighting and an ESFR fire protection system. The property is situated within 15 miles of the Port of Oakland, with immediate proximity to Richmond Parkway, Interstate-80 and Interstate-580. Corporate neighbors of Goodrick Logistics Center include UPS, Whole Foods, Chevron, Safeway, Conoco Phillips and Costco Wholesale.

Contact: Chrisie Yabu, 775-686-7437

Jones Lang LaSalle Cushman Wakefield