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Dermody Properties Making Big Move into Texas

DALLAS – Dermody Properties of Reno, Nev. has acquired 60 acres off of Bonnie View Road in Dallas where it will develop a 1.1 million SF distribution center called LogistiCenter at Dallas.

The project, near Interstate 20, is ideal for e-commerce companies, Dermody said. Dave Anderson of CBRE represents Dermody.

“We believe there will continue to be great demand for e-commerce compliant facilities in Dallas and look forward to making further investments in the market,” said Dermody President Douglas Kiersey Jr.

Dermody Properties will start construction on LogistiCenter at Dallas in the summer of 2016 and expects to complete construction in early 2017. The facilities will feature 36 feet of clear height, abundant auto and trailer parking, skylights and state-of-the-art LED lighting systems.

LogistiCenter at Dallas is a modern bulk distribution center ideal for local, regional and national operations, especially for e-commerce companies. The facility is conveniently located less than one mile from the I-20 interchange on Bonnie View Rd., with easy access to Interstate 35, Interstate 30, and State Highway 360.

“We are pleased to have acquired this excellent site and look forward to developing these best-in-class facilities in Dallas,” said Patrick Gallagher, Partner, Dermody Properties Southwest Region Office. “Dallas is a highly desirable market, and the south Dallas submarket is one of the fastest growing markets in the Metroplex. We will continue to seek out opportunities to expand the Dermody Properties portfolio in the region through acquisitions of existing buildings and new development.”

May 31, 2016

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