SAN JOSE—Located at 6212 Hellyer Ave., the Silicon Valley Industrial Center is one of the only class-A industrial buildings available in Silicon Valley. And, currently vacant, the entire property is available for lease. It was such a hot commodity that Dermody Properties recently acquired the 111,043-square-foot industrial facility from a private investor in an off-market transaction.
“Dermody Properties is very pleased to add the Silicon Valley Industrial Center to our portfolio as we further expand our services in this region's ever-growing industrial community,” said Douglas A. Kiersey, president, Dermody Properties. “This is one of the only available class-A buildings in the Silicon Valley and we are happy to now offer this best-in-class building to the booming Silicon Valley and East Bay areas.”
This building sits on a 5.9 acre parcel and can accommodate up to two tenants. The building features a 32-foot clear height, 15 dock doors, two grade-level doors, 2,500 amps of electricity and 126 parking spaces.
“Jason Ovadia at JLL presented us with the opportunity to purchase the property and we didn't hesitate to pursue the off-market acquisition. It's a great fit for our new portfolio of buildings in Northern California. We now have buildings in Lathrop, Hayward, Fremont and San Jose,” said George Condon, West region partner, Dermody Properties.
Jason Ovadia, Greg Matter and Mark Bodie of JLL were retained by Dermody Properties to market the Silicon Valley Industrial Center for lease.
“This is a strategic purchase for Dermody Properties, with excellent proximity to labor and the San Jose metropolitan region, in an industrial supply-constrained market,” said Ovadia. “The headquarters for many of the largest and most successful tech companies in the world call the Silicon Valley home. And 75% of all Fortune 500 companies headquartered in the Silicon Valley are within 15 miles of downtown San Jose, which places this property in an ideal location.”
The Silicon Valley Industrial Center is located approximately 10 miles south of the Highway 101 and Interstate 880 junction, offering proximity for businesses serving customers in the Silicon Valley area and East Bay.
“The building will appeal to a company serving the 3 million residents in the Silicon Valley or to one or two manufacturers,” Condon tells GlobeSt.com. “Dermody Properties plans to acquire more industrial buildings in the Silicon Valley in the next two years.”
Founded in 1960, Dermody Properties is a privately owned industrial real estate investment, development and management firm headquartered in Reno, NV that specializes in acquisitions and development of industrial real estate. Dermody has invested in more than 70 million square feet of industrial space in strategic US locations for e-commerce fulfillment centers, third party logistics and distribution customers.
SAN JOSE—Located at 6212 Hellyer Ave., the Silicon Valley Industrial Center is one of the only class-A industrial buildings available in Silicon Valley. And, currently vacant, the entire property is available for lease. It was such a hot commodity that Dermody Properties recently acquired the 111,043-square-foot industrial facility from a private investor in an off-market transaction.
“Dermody Properties is very pleased to add the Silicon Valley Industrial Center to our portfolio as we further expand our services in this region's ever-growing industrial community,” said Douglas A. Kiersey, president, Dermody Properties. “This is one of the only available class-A buildings in the Silicon Valley and we are happy to now offer this best-in-class building to the booming Silicon Valley and East Bay areas.”
This building sits on a 5.9 acre parcel and can accommodate up to two tenants. The building features a 32-foot clear height, 15 dock doors, two grade-level doors, 2,500 amps of electricity and 126 parking spaces.
“Jason Ovadia at JLL presented us with the opportunity to purchase the property and we didn't hesitate to pursue the off-market acquisition. It's a great fit for our new portfolio of buildings in Northern California. We now have buildings in Lathrop, Hayward, Fremont and San Jose,” said George Condon, West region partner, Dermody Properties.
Jason Ovadia, Greg Matter and Mark Bodie of JLL were retained by Dermody Properties to market the Silicon Valley Industrial Center for lease.
“This is a strategic purchase for Dermody Properties, with excellent proximity to labor and the San Jose metropolitan region, in an industrial supply-constrained market,” said Ovadia. “The headquarters for many of the largest and most successful tech companies in the world call the Silicon Valley home. And 75% of all Fortune 500 companies headquartered in the Silicon Valley are within 15 miles of downtown San Jose, which places this property in an ideal location.”
The Silicon Valley Industrial Center is located approximately 10 miles south of the Highway 101 and Interstate 880 junction, offering proximity for businesses serving customers in the Silicon Valley area and East Bay.
“The building will appeal to a company serving the 3 million residents in the Silicon Valley or to one or two manufacturers,” Condon tells GlobeSt.com. “Dermody Properties plans to acquire more industrial buildings in the Silicon Valley in the next two years.”
Founded in 1960, Dermody Properties is a privately owned industrial real estate investment, development and management firm headquartered in Reno, NV that specializes in acquisitions and development of industrial real estate. Dermody has invested in more than 70 million square feet of industrial space in strategic US locations for e-commerce fulfillment centers, third party logistics and distribution customers.
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
