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April 12, 2016

Dermody Properties Announces Plans for 225,972 SF Development in Washington

Nevada Business

Chrisie Yabu

SEATTLE - Dermody Properties, a national industrial real estate owner-operator headquartered in Reno, Nev., recently announced plans to develop a 225,972-square-foot industrial facility in Fife, Washington. The property, known as LogistiCenter at 167, is located at 7402 26th Street East.

Dermody Properties is both owner and developer of the project. The company will start construction in the spring of 2016 and expects to complete construction in September 2016. LogistiCenter at 167 will sit on an 11.51-acre site and, upon completion, will feature 32 feet of clear height and 162 car parking stalls.

"The site is in a highly accessible and desirable location in the Puget Sound market," said Phillip Wood, Partner, Dermody Properties Northwest Region Office. "We are looking forward to expanding our portfolio in the Northwest with this state-of-the-art industrial facility."

LogistiCenter at 167 is ideally suited for warehouse and distribution operations. The facility is strategically located within 1.7 miles from the primary access point to the Port of Tacoma and Interstate 5, offering immediate access to shipping and trucking.

"Dermody Properties has developed several industrial facilities in the Pacific Northwest, and this site offered us the perfect opportunity to increase our presence in the region," said Douglas A. Kiersey, Jr., President, Dermody Properties. "We are pleased to have entered the Puget Sound market with a site and facility that will serve our customers and their operations well."

Owned and developed by Dermody Properties, LogistiCenter at 167 is represented by Vanessa Herzog, Patricia Loveall and Kraig Heeter of Kidder Mathews. The building is being designed by Craft Architects and the general contractor is Poe Construction.

About Dermody Properties

Dermody Properties is a privately owned industrial real estate investment, development and management firm, founded in 1960. The firm specializes in acquisitions and development of industrial real estate in strategic locations for Internet fulfillment centers, manufacturing, distribution, third party logistics, food packaging and distribution. To learn more about Dermody Properties visit Dermody.com.

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