{"id":1004155251,"date":"2016-10-12T13:32:34","date_gmt":"2016-10-12T21:32:34","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004155251"},"modified":"2020-04-21T04:49:39","modified_gmt":"2020-04-21T12:49:39","slug":"dermody-properties-develops-industrial-facility-in-cincinnati","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/dermody-properties-develops-industrial-facility-in-cincinnati\/","title":{"rendered":"Dermody Properties Develops Industrial Facility in Cincinnati"},"content":{"rendered":"<p>by Laura Calugar<\/p>\n<p><strong>Cincinnati<\/strong>\u2014<a href=\"https:\/\/www.dermody.com\/\" target=\"_blank\" rel=\"nofollow\">Dermody Properties<\/a> has recently commenced the construction of its second industrial facility, known as LogistiCenterSM at 275 #2. <a href=\"https:\/\/www.hillwood.com\/\" target=\"_blank\" rel=\"nofollow\">Hillwood<\/a>, a Perot company, is Dermody Properties\u2019 strategic financial partner on the project. United Construction Co. is the general contractor and Jeffrey Bender and David Kelly of <a href=\"https:\/\/www.cushmanwakefield.com\/\" target=\"_blank\" rel=\"nofollow\">Cushman &amp; Wakefield<\/a> are representing the development on behalf of Dermody Properties.<\/p>\n<div id=\"attachment_1004155260\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/10\/LogistiCenter275Rendering.jpg\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004155260\" data-attachment-id=\"1004155260\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/dermody-properties-develops-industrial-facility-in-cincinnati\/logisticenter275rendering-2\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/10\/LogistiCenter275Rendering.jpg\" data-orig-size=\"1200,772\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"LogistiCenter275Rendering\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/10\/LogistiCenter275Rendering.jpg?w=1024\" class=\"wp-image-1004155260 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/10\/LogistiCenter275Rendering.jpg\" alt=\"LogistiCenterSM at 275 #2\" width=\"300\" height=\"193\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/10\/LogistiCenter275Rendering.jpg 1200w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/10\/LogistiCenter275Rendering.jpg?resize=300,193 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/10\/LogistiCenter275Rendering.jpg?resize=768,494 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/10\/LogistiCenter275Rendering.jpg?resize=1024,659 1024w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004155260\" class=\"wp-caption-text\">LogistiCenterSM at 275 #2<\/p><\/div>\n<p>The e-commerce compliant facility is located at 3521 Point Pleasant Rd.\u00a0in the Greater Cincinnati market, an area with more than 227 million square feet of <a href=\"https:\/\/www.commercialsearch.com\/news\/industrial\/\" target=\"_blank\">industrial<\/a> space. Upon completion, the 264,000-square-foot building will feature 32-foot clear height, 27 dock doors, 228 car-parking stalls and 70 trailer stalls. It is ideally suited for e-commerce, manufacturing and distribution operations.<\/p>\n<p>LogistiCenterSM at 275 #2 is the second phase of a two-phase project in the Northern Kentucky market for Dermody Properties and Hillwood. The facility is surrounded by national companies including Amazon, DHL, General Electric, Levi Strauss, Toyota and Wayfair.\u00a0Last year, the companies completed Phase 1, an 898,560-square-foot fulfillment center, known as LogistiCenterSM at 275 for Wayfair Inc., one of the world\u2019s largest online destinations for home furnishing and d\u00e9cor. Dermody Properties and Hillwood leased both sites from <a href=\"https:\/\/www.cvgairport.com\/\" target=\"_blank\" rel=\"nofollow\">CVG<\/a>, one of the three global super-hubs for DHL, a top 10 cargo airport in North America.<\/p>\n<p>\u201cThese kind of projects create win\/win\/win opportunities for the airport, the community and developers. The airport receives new revenue streams, which lowers the cost of operations for airlines and tenants, the community sees job growth and economic development and Dermody Properties and Hillwood have access to over 75 percent of the U.S. population within 600 miles of the airport,\u201d said Candace McGraw, chief executive officer at CVG, in a prepared statement.<\/p>\n<p><em>Image courtsey of Dermody Properties<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The new building is near Northern Kentucky International Airport and will be complete by May 2017. <\/p>\n","protected":false},"author":238,"featured_media":1004155260,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1583,21782,21748,13,21742],"tags":[],"class_list":["post-1004155251","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cincinnati","category-development","category-industrial","category-midwest","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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