RENO, NV—Dermody Properties, has broken ground on the final two buildings in LogistiCenter 395, its 1.2 million-square-foot industrial park in northern Nevada. The company started construction on the two new facilities, Buildings A and C, on Thursday.
Upon completion, Building A will total 402,320 square feet and Building C will total 224,640 square feet. Both facilities will have ample clear height as well as car and trailer parking, features that are critical to internet fulfillment and e-commerce operations. Building A will be 36-foot clear and Building C will be 32-foot clear. The two facilities are expected to be complete in Summer 2015.
“Dermody Properties has a long history in northern Nevada,” said Michael Dermody, chairman and CEO of Dermody Properties. “We are pleased to be breaking ground on the final buildings in LogistiCenter 395 at a time when best-of-class industrial facilities in our region are in such high demand.”
Dermody Properties broke ground on the first facility in the park, Building B, a 624,000-square-foot building, in March and completed construction in early Fall.
“Our strategy throughout the country has been to build state-of-the-art facilities in highly desirable markets, and for us northern Nevada has always been such a market,” said Douglas Kiersey, president of Dermody Properties. “We have been developing here since our inception. The state's business friendly tax policies, combined with the region's central location in the western market, make it an ideal location for warehousing and distribution operations. With the news of large, innovative companies like Tesla associated with northern Nevada, interest in this market will only continue to increase.”
Located on Lemmon Drive immediately off of Highway 395, LogistiCenter 395 is within minutes of Interstate 80, the Reno-Tahoe International Airport, and three major shipping providers. Its location makes one-day delivery to the majority of West Coast consumers possible, making it an especially desirable location for e-commerce fulfillment centers.
PCCP, LLC is Dermody Properties' strategic capital partner on the industrial park.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
