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DP Partners Caps Name Change with Land Sale, New Projects

RENO, NV-Dermody Properties officially takes a final bow in a name change to DP Partners. The leading Reno industrial developer makes the switch as it undertakes a series of spec projects in the East and Midwest and lines up a buyer for 100 acres in Chandler, AZ.

By Connie Gore | Updated on November 19, 2001

RENO, NV-In today’s changing times, one of Reno, NV’s leading industrial construction firms has implemented a moniker shift from Dermody Properties to DP Partners. The change falls in line with the imminent sale of 100 acres and its sole holding in Chandler, AZ while it beefs up its presence on the Eastern Seaboard and Midwest.

The Chandler property at the intersection of McClintock and Chandler Boulevard is under contract to Hancock Communities of 1414 W. Broadway Rd. in Tempe. The acreage, situated a mile west of the 1.3 million-sf Chandler Fashion Square, is better suited to residential development than DP Partners’ industrial scope. Aaron Paris, DP Partners’ COO, says the homebuilder is in the process of seeking a zoning change for the flex and research and development tract. DP Partners has owned the infill site for about three years. “The market’s just not there right now,” Paris tells GlobeSt.com.

That’s not the case in Indianapolis and Atlanta, where DP Partners will set up offices to steer developments in the Chicago area and Eastern Seaboard. The game plan, Paris says, is to have product ready when the economy rebounds.

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