Since our origins in 1960, Dermody Properties has successfully acquired and developed industrial facilities and build-to-suits, for purchase or lease, in dozens of markets across the nation. As a leading industrial developer, owner and operator, the Dermody Properties team has decades of experience in acquisition and asset management.
Near the peak of its expansion and national portfolio size, Dermody Properties again made national news when it sold its portfolio of 25 million square feet to ProLogis (NYSE: PLD). This transaction, in retrospect, would be especially significant in real estate history, given the unanticipated national economic recession that would begin within a few months after the event. Never content to rest on its laurels, the Dermody team retained 500 plus acres of land from its portfolio and continued development to serve its customers and explore new opportunities.
The 518 acres of entitled, development-ready land would become the foundation of its new growth in the future. The organization pursued a more flexible style of development and established five regional offices:
Corporate Headquarters & West Region - Reno, NV
Northwest Region - Seattle, WA
Southwest Region - Phoenix, AZ
Midwest Region - Chicago, IL
East Region - Northern New Jersey