RICHMOND, CA—Although the health crisis and economic slowdown are devastating in many ways, there are silver linings popping up within the turmoil throughout the commercial real estate industry. In Dermody Properties' recent acquisition of Goodrick Logistics Center, this silver lining takes the form of value along with an e-commerce function, says George Condon, West Region partner for Dermody Properties.
"The planned projects near our new buildings will take longer than expected to entitle and construct, making the available space in our new building more valuable than we anticipated," Condon tells GlobeSt.com.
The logistics center consists of two class-A e-commerce and distribution facilities at 2589 and 2593 Goodrick Ave. 2589 Goodrick is currently available for lease and can accommodate one or three tenants ranging from 15,000 to 57,872 square feet. 2593 Goodrick is fully leased to an international mattress distributor.
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