Dermody Properties has acquired a 49-acre land site in Fairfield, a city in the North Bay. The investor plans to build a 700,000-square-foot, five-building industrial facility on the site. The project will break ground this year, and it will deliver in the third quarter of 2022.

Dermody has branded the property the LogistiCenter. The five-buildings will range in size from 82,620 square feet to 259,200 square feet with class-A features, like 32-foot to 36-foot clear heights, a minimum of 50-foot by 50-foot column spacing, ample car and trailer parking and ESFR sprinklers. The properties also have easy access to the San Francisco, Oakland and Sacramento International Airports as well as the Ports of Richmond, Oakland and Stockton.

The property will target last-mile and logistics users. It is already available for pre-leasing, which is being managed by Matt Bracco, Glen Dowling and Chris Neeb of JLL.