BETHEL TOWNSHIP, PA—Dermody Properties, and its Canada-based partner Granite Real Estate Investment Trust are building a 750,000-square-foot spec industrial/warehouse facility here. The project, which just broke ground, will cost about $39.8 million to build, Eugene Preston, a partner at Dermody's East Region office, tells GlobeSt.com.
Preston would not reveal the dollar split between the Granite and Reno, NV-based Dermody except to say that Granite is making a "significant investment" in the development. The two have partnered on several projects, the latest being an industrial asset just completed in Louisville.
The developers are hoping to target e-commerce firms as the facility's main tenants. It located in Berks Park 78, in the state's I-81 and I-78 industrial corridor.
Recommended For You
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
