{"id":1004117292,"date":"2015-04-10T06:04:21","date_gmt":"2015-04-10T14:04:21","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004117292"},"modified":"2022-12-03T17:58:09","modified_gmt":"2022-12-04T01:58:09","slug":"dermody-breaks-ground-on-2-northeast-industrial-facilities","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/dermody-breaks-ground-on-2-northeast-industrial-facilities\/","title":{"rendered":"Dermody Breaks Ground on 2 Northeast Industrial Facilities"},"content":{"rendered":"

By Keith Loria, Contributing Editor<\/i><\/p>\n

\"Gregory<\/a>

Gregory Arnold, Dermody<\/p><\/div>\n

Dermody Properties has broken ground on two northeast industrial facilities: a new multi-tenant facility in LogistiCenter Logan, the developer\u2019s 5.5-million-square-foot industrial park in Southern New Jersey; and the final building in LogistiCenter Carlisle, the developer\u2019s 1.3-million-square-foot industrial park in Carlisle, Penn.<\/p>\n

\u201cThese are new state-of-the-art, e-commerce compliant buildings in markets with very little supply,\u201d Gregory Arnold, Dermody Properties\u2019 partner, told Commercial Property Executive<\/i>. \u201cAs you know, a significant part of today\u2019s demand for industrial warehousing is e-commerce. Today\u2019s logistic strategy, with same day or next day delivery, requires the product to be closer to the major population densities, which is the northeast.\u201d<\/p>\n

Located at 1110 Commerce Blvd., the Logan Township property is a multi-tenant facility that will total 171,600 square feet and is expected to be complete in June of 2015. The facility is targeting e-commerce, food and beverage, and consumer product warehousing and distribution. It will feature 32 feet of clear height, 106 car parking spaces and 39 trailer parking spaces.<\/p>\n

For the Carlisle property, Dermody Properties and its partner PCCP broke ground at 1 Ames Drive on a 602,250-square-foot facility, which will feature 36 feet of structural clear height, 142 loading docks, 187 car parking spaces and 93 trailer parking spaces. It is expected to be complete in September of 2015.<\/p>\n

\u201cOur strategy throughout the country has been to build state-of-the-art facilities and make investments in highly desirable, strategically advantage logistics markets,\u201d Douglas Kiersey, Dermody Properties\u2019 president, told CPE<\/i>.<\/p>\n

According to Arnold, vacancy rates across the U.S. have been dropping, specifically more in the Northeast, where there had been virtually no development for three to four years after the Recession of 2008. These properties were needed due to increased customer demand combined with lack of supply.<\/p>\n

\u201cCentral Pennsylvania is primarily northeast super regional distribution facilities, and secondarily,\u00a0serves the vast greater NYC market from a more economical location,\u201d he concluded. \u201cLogan has experienced local port and market user demand.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

Dermody Properties is fulfilling an e-commerce need in the Northeast.<\/p>\n","protected":false},"author":451,"featured_media":1004117295,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,21748,21742,10],"tags":[],"class_list":["post-1004117292","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-industrial","category-latest","category-northeast"],"acf":[],"yoast_head":"\nDermody Breaks Ground on 2 Northeast Industrial Facilities - 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-breaks-ground-on-2-northeast-industrial-facilities\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dermody Breaks Ground on 2 Northeast Industrial Facilities\" \/>\n<meta property=\"og:description\" content=\"Dermody Properties is fulfilling an e-commerce need in the Northeast.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/dermody-breaks-ground-on-2-northeast-industrial-facilities\/\" \/>\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=\"2015-04-10T14:04:21+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-04T01:58:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/04\/gregory-arnold.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"448\" \/>\n\t<meta property=\"og:image:height\" content=\"299\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Keith Loria\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/dermody-breaks-ground-on-2-northeast-industrial-facilities\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/dermody-breaks-ground-on-2-northeast-industrial-facilities\/\",\"name\":\"Dermody Breaks Ground on 2 Northeast Industrial Facilities - 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