{"id":1004183375,"date":"2017-07-11T01:54:09","date_gmt":"2017-07-11T09:54:09","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004183375"},"modified":"2022-12-08T18:39:25","modified_gmt":"2022-12-09T02:39:25","slug":"dermody-snags-silicon-valley-class-a-industrial-asset","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/dermody-snags-silicon-valley-class-a-industrial-asset\/","title":{"rendered":"Dermody Snags Silicon Valley Class A Industrial Asset"},"content":{"rendered":"<p>By Ariela Moraru<\/p>\n<div id=\"attachment_1004183376\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/07\/Silicon-Valley-Industrial-Center-San-Jose-Calif..jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004183376\" data-attachment-id=\"1004183376\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/dermody-snags-silicon-valley-class-a-industrial-asset\/silicon-valley-industrial-center-san-jose-calif\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/07\/Silicon-Valley-Industrial-Center-San-Jose-Calif.-e1499689362199.jpg\" data-orig-size=\"806,593\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;Ariela Moraru&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1499691521&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=\"Silicon Valley Industrial Center, San Jose, Calif.\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Silicon Valley Industrial Center, San Jose, Calif.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/07\/Silicon-Valley-Industrial-Center-San-Jose-Calif.-e1499689362199.jpg?w=806\" class=\"wp-image-1004183376 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/07\/Silicon-Valley-Industrial-Center-San-Jose-Calif.-e1499689362199.jpg\" alt=\"Silicon Valley Industrial Center, San Jose, Calif.\" width=\"300\" height=\"221\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/07\/Silicon-Valley-Industrial-Center-San-Jose-Calif.-e1499689362199.jpg 806w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/07\/Silicon-Valley-Industrial-Center-San-Jose-Calif.-e1499689362199.jpg?resize=300,221 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/07\/Silicon-Valley-Industrial-Center-San-Jose-Calif.-e1499689362199.jpg?resize=768,565 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004183376\" class=\"wp-caption-text\">Silicon Valley Industrial Center, San Jose, Calif.<\/p><\/div>\n<p>Dermody Properties has acquired a\u00a0Silicon Valley Industrial Center in San Jose, Calif., from a private investor. The 111,043-square-foot is fully vacant and available for lease.<\/p>\n<p>Located at 6212 Hellyer Ave. on a 5.9-acre parcel, the asset can accommodate up to two tenants. The building features a 32-foot clear height, 15 dock doors, two grade-level doors, 2,500 amps of electricity and 126 parking spaces. The building is 10 miles south of the Highway 101 and Interstate 880 junction, providing great access to both the Silicon Valley and the East Bay. With more than one million residents, the asset is situated in the most populous city in the San Francisco Bay Area. Panattoni Development Co. Inc. broke ground on the project\u00a0in January 2016.<\/p>\n<p><em>\u201cThis is one of the only available Class A buildings in Silicon Valley,\u201d\u00a0<\/em>Douglas Kiersey, president of Dermody Properties, said in prepared remarks. <a href=\"https:\/\/www.commercialsearch.com\/news\/cw-referees-industrial-battle-in-silicon-valley\/\">Industrial vacancy in Silicon Valley<\/a> stood at 3.1 percent in the first quarter of 2017, according to a report by Cushman &amp; Wakefield.<\/p>\n<h2>Strategic buy<\/h2>\n<p><em>\u201cThis is a strategic purchase for Dermody Properties, with excellent proximity to labor and the San Jose metropolitan region, in an industrial supply-constrained market,\u201d <\/em>said JLL\u2019s Jason Ovadia in a prepared statement, who secured the buyer in this off-market transaction. <em>\u201cThe headquarters for many of the largest and most successful tech companies in the world call Silicon Valley home. And 75 percent of all Fortune 500 companies headquartered in Silicon Valley are within 15 miles of downtown San Jose, which places this property in an ideal location.\u201d <\/em><\/p>\n<p>JLL\u2019s Ovadia, Greg Matter and Mark Bodie are spearheading leasing efforts. Dermody Properties now owns properties in Northern California in Lathrop, Hayward, Fremont and San Jose, Calif. The company has recently expanded in Southern California with the\u00a0acquisition of Bloomfield Industrial Center\u2014a 75,960-\u00adsquare-\u00adfoot warehouse and distribution facility\u2014in Santa Fe Springs, Calif.<\/p>\n<p><em>Image courtesy of Dermody Properties<\/em>\u00a0\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>JLL is spearheading leasing efforts for the fully vacant 111,043-square-foot building developed by Panattoni in 2016. This is one of the few Class A industrial developments in the area.<\/p>\n","protected":false},"author":960,"featured_media":1004505965,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21748,21783,21742,36079,15],"tags":[34896,36664,32796,33837],"class_list":["post-1004183375","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-industrial","category-investment","category-latest","category-san-jose","category-west","tag-cushman-wakefield","tag-dermody-properties","tag-jll","tag-panattoni-development-company"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Dermody Snags Silicon Valley Class A Industrial Asset - 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-snags-silicon-valley-class-a-industrial-asset\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dermody Snags Silicon Valley Class A Industrial Asset\" \/>\n<meta property=\"og:description\" content=\"JLL is spearheading leasing efforts for the fully vacant 111,043-square-foot building developed by Panattoni in 2016. This is one of the few Class A industrial developments in the area.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/dermody-snags-silicon-valley-class-a-industrial-asset\/\" \/>\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=\"2017-07-11T09:54:09+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T02:39:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/Silicon-Valley-Industrial-Center-San-Jose-Calif..jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"899\" \/>\n\t<meta property=\"og:image:height\" content=\"594\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Ariela Moraru\" \/>\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-snags-silicon-valley-class-a-industrial-asset\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/dermody-snags-silicon-valley-class-a-industrial-asset\/\",\"name\":\"Dermody Snags Silicon Valley Class A Industrial Asset - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/dermody-snags-silicon-valley-class-a-industrial-asset\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/dermody-snags-silicon-valley-class-a-industrial-asset\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/Silicon-Valley-Industrial-Center-San-Jose-Calif..jpg\",\"datePublished\":\"2017-07-11T09:54:09+00:00\",\"dateModified\":\"2022-12-09T02:39:25+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/411d261c513cee4c8ccbfb27f5380e0b\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/dermody-snags-silicon-valley-class-a-industrial-asset\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/dermody-snags-silicon-valley-class-a-industrial-asset\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/dermody-snags-silicon-valley-class-a-industrial-asset\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/Silicon-Valley-Industrial-Center-San-Jose-Calif..jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/Silicon-Valley-Industrial-Center-San-Jose-Calif..jpg\",\"width\":899,\"height\":594},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/dermody-snags-silicon-valley-class-a-industrial-asset\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Dermody Snags Silicon Valley Class A Industrial Asset\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/411d261c513cee4c8ccbfb27f5380e0b\",\"name\":\"Ariela Moraru\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/50a2863a38369b06ef902c16d4a7c3bf3ce567e81cfabaff06b53b4bf311e954?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/50a2863a38369b06ef902c16d4a7c3bf3ce567e81cfabaff06b53b4bf311e954?s=96&d=mm&r=g\",\"caption\":\"Ariela Moraru\"},\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/arielamoraru\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Dermody Snags Silicon Valley Class A Industrial Asset - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/dermody-snags-silicon-valley-class-a-industrial-asset\/","og_locale":"en_US","og_type":"article","og_title":"Dermody Snags Silicon Valley Class A Industrial Asset","og_description":"JLL is spearheading leasing efforts for the fully vacant 111,043-square-foot building developed by Panattoni in 2016. This is one of the few Class A industrial developments in the area.","og_url":"https:\/\/www.commercialsearch.com\/news\/dermody-snags-silicon-valley-class-a-industrial-asset\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2017-07-11T09:54:09+00:00","article_modified_time":"2022-12-09T02:39:25+00:00","og_image":[{"width":899,"height":594,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/Silicon-Valley-Industrial-Center-San-Jose-Calif..jpg","type":"image\/jpeg"}],"author":"Ariela Moraru","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/dermody-snags-silicon-valley-class-a-industrial-asset\/","url":"https:\/\/www.commercialsearch.com\/news\/dermody-snags-silicon-valley-class-a-industrial-asset\/","name":"Dermody Snags Silicon Valley Class A Industrial Asset - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/dermody-snags-silicon-valley-class-a-industrial-asset\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/dermody-snags-silicon-valley-class-a-industrial-asset\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/Silicon-Valley-Industrial-Center-San-Jose-Calif..jpg","datePublished":"2017-07-11T09:54:09+00:00","dateModified":"2022-12-09T02:39:25+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/411d261c513cee4c8ccbfb27f5380e0b"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/dermody-snags-silicon-valley-class-a-industrial-asset\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/dermody-snags-silicon-valley-class-a-industrial-asset\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/dermody-snags-silicon-valley-class-a-industrial-asset\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/Silicon-Valley-Industrial-Center-San-Jose-Calif..jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/Silicon-Valley-Industrial-Center-San-Jose-Calif..jpg","width":899,"height":594},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/dermody-snags-silicon-valley-class-a-industrial-asset\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Dermody Snags Silicon Valley Class A Industrial Asset"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/411d261c513cee4c8ccbfb27f5380e0b","name":"Ariela Moraru","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/50a2863a38369b06ef902c16d4a7c3bf3ce567e81cfabaff06b53b4bf311e954?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/50a2863a38369b06ef902c16d4a7c3bf3ce567e81cfabaff06b53b4bf311e954?s=96&d=mm&r=g","caption":"Ariela Moraru"},"url":"https:\/\/www.commercialsearch.com\/news\/author\/arielamoraru\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/Silicon-Valley-Industrial-Center-San-Jose-Calif..jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004183375","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/960"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004183375"}],"version-history":[{"count":7,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004183375\/revisions"}],"predecessor-version":[{"id":1004183496,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004183375\/revisions\/1004183496"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004505965"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004183375"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004183375"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004183375"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}