{"id":1004086412,"date":"2013-11-06T16:40:38","date_gmt":"2013-11-07T00:40:38","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=214098"},"modified":"2020-04-21T04:52:31","modified_gmt":"2020-04-21T12:52:31","slug":"dermody-property-to-create-industrial-park-in-central-pennsylvania-chesterbrook-shopping-center-sold-for-8-9-million","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/dermody-property-to-create-industrial-park-in-central-pennsylvania-chesterbrook-shopping-center-sold-for-8-9-million\/","title":{"rendered":"Dermody Property to Create Industrial Park in Central Pennsylvania; Chesterbrook Shopping Center Sold for $8.9 Million"},"content":{"rendered":"<p><em>By Veronica Grecu, Associate Editor<\/em><\/p>\n<p>Industrial development company Dermody Partners of Reno, NV, and its financial partner PCCP recently acquired a 107-acre parcel in Central Pennsylvania from Texas-based developer Trammel Crow Co.<\/p>\n<div id=\"attachment_214216\" class=\"wp-caption alignright\" style=\"width: 310px\"><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/11\/LogistiCenter-Carlisle.jpg\" target=\"_blank\" rel=\"nofollow\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-214216\" title=\"LogistiCenter Carlisle\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/11\/LogistiCenter-Carlisle.jpg\" alt=\"\" width=\"300\" height=\"116\" \/><\/a><\/p>\n<p class=\"wp-caption-text\">LogistiCenter Carlisle<\/p>\n<\/div>\n<p>According to an official statement from Dermody, the former Mountain Creek Distribution Center\u2014now known as LogistiCenter Carlisle\u2014will be transformed into a 1.3-million-square-foot leasable industrial park. The property located at 2 Ames Drive in Carlisle already features a 700,000-square-foot building (pictured) immediately available for lease as a potential distribution operations facility. Dermody will break ground on a 602,250-square-foot building based on the leasing progress of the existing building, the press release said.<\/p>\n<p>\u201cThe existing building at LogistiCenter Carlisle is an excellent facility for distribution operations,\u201d said Eugene Preston, partner, Dermody Properties East Region Office. \u201cWe look forward to quickly developing another state-of-the-art facility to complement 2 Ames Drive.\u201d<\/p>\n<p>In other commercial real estate news, the <em><a href=\"https:\/\/www.bizjournals.com\/philadelphia\/blog\/real-estate\/2013\/11\/chesterbrook-shopping-center-sold-at.html?iana=ind_cre\" target=\"_blank\" rel=\"nofollow\">Philadelphia Business Journal<\/a><\/em> reports that the foreclosed Chesterbrook Shopping Center in Wayne was acquired at an auction by its lender, U.S. Bank, which was the only bidder. The bank, which went by the name 500 Chesterbrook Boulevard LLC, was the only bidder and purchased the half-vacant shopping center for $8.9 million.<\/p>\n<p>Previously owned by Chesterbrook Village Center Association, the 122,216-square-foot retail complex was built in 1981. Its anchor tenant, Genuardi\u2019s, occupied nearly 40,000 square feet of space within the complex until August 2010, which led to a drastic drop in the number of shoppers.<\/p>\n<p>&nbsp;<\/p>\n<p><em>LogistiCenter Carlisle image via Dermody Partners<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Industrial development company Dermody Partners of Reno, NV, and its financial partner PCCP recently acquired a 107-acre parcel in Central Pennsylvania, from Texas-based builder Trammel Crow Co.<\/p>\n","protected":false},"author":258,"featured_media":1004507335,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742,1494],"tags":[1815],"class_list":["post-1004086412","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest","category-philadelphia","tag-national"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Dermody Property to Create Industrial Park in Central Pennsylvania; Chesterbrook Shopping Center Sold for $8.9 Million - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/dermody-property-to-create-industrial-park-in-central-pennsylvania-chesterbrook-shopping-center-sold-for-8-9-million\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dermody Property to Create Industrial Park in Central Pennsylvania; Chesterbrook Shopping Center Sold for $8.9 Million\" \/>\n<meta property=\"og:description\" content=\"Industrial development company Dermody Partners of Reno, NV, and its financial partner PCCP recently acquired a 107-acre parcel in Central Pennsylvania, from Texas-based builder Trammel Crow Co.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/dermody-property-to-create-industrial-park-in-central-pennsylvania-chesterbrook-shopping-center-sold-for-8-9-million\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2013-11-07T00:40:38+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-04-21T12:52:31+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/LogistiCenter-Carlisle.jpg?w=1024\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"1024\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Veronica Grecu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@VeraGrecu\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/dermody-property-to-create-industrial-park-in-central-pennsylvania-chesterbrook-shopping-center-sold-for-8-9-million\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/dermody-property-to-create-industrial-park-in-central-pennsylvania-chesterbrook-shopping-center-sold-for-8-9-million\\\/\"},\"author\":{\"name\":\"Veronica Grecu\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/e8362e8641769829162f16fe58091f62\"},\"headline\":\"Dermody Property to Create Industrial Park in Central Pennsylvania; 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