LATHROP, CA—Industrial specialist Dermody Properties, a national industrial real estate owner-operator headquartered in Reno, Nev., recently announced it will develop a 622,726-square-foot industrial facility in Lathrop. The state-of-the-art facility, known as LogistiCenter at Lathrop, is located at 2131-2301 E. Louise Ave. John McManus, executive vice president at Cushman & Wakefield, brought the opportunity to Dermody Properties. McManus, John Coons and Mark Dowling of Cushman & Wakefield are representing the development on behalf of Reno, NV-based Dermody.

Located in the heart of northern California's Central Valley, LogistiCenter at Lathrop is ideally suited for warehouse and distribution operations. The facility is strategically situated in San Joaquin County, 1.5 miles from Interstate 5 and only 12 miles from the Port of Stockton. The county is surrounded by the Bay Area, Stockton and Sacramento metro areas, and serviced by the Port of Stockton, Union Pacific Railroad, Burlington Northern Santa Fe Railroad and the Stockton Metropolitan Airport. The site is in a highly accessible and desirable location for e-commerce, manufacturing and distribution companies.

“Lathrop is a perfect fit for one of our LogistiCenter developments,” said George Condon, partner, Dermody Properties West Region Office. “Future customers will benefit from an outstanding transportation system, and the facility's prime location in the Central Valley. We look forward to beginning construction on LogistiCenter at Lathrop and are continuing to pursue additional acquisition and development opportunities in the Greater Bay Area.”