What Dermody Properties does

Dermody Properties is a private industrial real estate firm founded in 1960 and headquartered in Reno, Nevada, focused on developing, acquiring, and managing Class A logistics and distribution facilities across the United States. The company operates through its signature LogistiCenter® brand, a national portfolio of modern industrial properties that serve e-commerce, third-party logistics, and supply chain tenants. The firm runs eight regional offices in major U.S. logistics markets and supports its tenants and capital partners with build-to-suit development, speculative development, acquisitions, and investment management services.

The company generates revenue through a combination of rental income from owned and stabilized assets, development and construction management fees on build-to-suit projects, asset and property management fees on behalf of institutional capital partners, and gains on the disposition of mature assets. Its customer base is split between corporate logistics occupiers that anchor build-to-suit facilities and institutional investors that co-invest in the development pipeline. Recent operational activity — including new lease executions in Northern Nevada totaling nearly 390,000 square feet, the completion of a major infrastructure extension unlocking more than 900 acres of developable land, and the delivery of new Class A product at the Reno AirLogistics Park — indicates an active development pipeline and ongoing capital deployment.

Operationally, Dermody is executing a multi-market expansion strategy, evidenced by its 2026 acquisition of LogistiCenter at 110 in Los Angeles and the recent senior hires supporting investor relations and Southern California development. The combination of long operating history, a branded national logistics platform, and continued investment in land and infrastructure positions the firm as a mid-sized but regionally diversified industrial specialist competing against larger public REITs and private developers for institutional capital and high-credit logistics tenants.

Name

Dermody Properties

Legal name

Dermody Properties

Website

https://dermody.com

Company type

Private

Founded year

1960

Operating status

Operating

Headcount range

51–100 employees

Short description

Dermody Properties is a private industrial real estate firm founded in 1960, headquartered in Reno, Nevada. It develops, acquires, and manages Class A logistics facilities under its LogistiCenter® brand across eight U.S. regional offices, serving e-commerce and supply chain tenants.

Ownership category

akta.pro rank

Product category

Industrial Real Estate Development

NAICS

General Warehousing and Storage (49311), Lessors of Nonresidential Buildings (except Miniwarehouses) (531120), Lessors of Other Real Estate Property (53119)

SIC

Land Subdividers & Developers (No Cemeteries) (6552), Lessors Of Real Property, Nec (6519), Real Estate (6500), Real Estate Investment Trusts (6798)

akta.pro primary industry

Contract Warehousing / Dedicated Warehousing (Dry) (TLALAAAB)

Keywords

• Industrial real estate development
• Logistics property leasing
• Build-to-suit facilities
• E-commerce distribution centers
• Commercial real estate investment

Headquarters

HQ city

Reno

HQ country

United States

HQ region

North America

Offices7 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Supply Chain, Personnel, Marketing or Sales, Infrastructure, Technology or R&D

Revenue model

1. Industrial Real Estate Leasing: Dermody generates revenue through leasing Class A logistics and industrial facilities to tenants in the e-commerce, distribution, and manufacturing sectors. Revenue is derived from long-term lease agreements with industrial tenants.
2. Property Development Services: Build-to-suit and speculative development services for customers requiring customized industrial facilities, including site selection, entitlements, design, and construction management.
3. Acquisition and Investment Management: Acquiring and managing industrial real estate investments on behalf of investors, generating asset management fees and investment returns.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core offering

Dermody Properties is a private industrial real estate development company that acquires, develops, and invests in Class A logistics, e-commerce, and industrial real estate across 8 US regions under the LogistiCenter® brand. The company provides build-to-suit development, speculative development for lease, and acquisition/investment management services to enterprise and mid-market tenants in the e-commerce, distribution, manufacturing, and aerospace sectors.

Product overview

Dermody Properties operates as an industrial real estate development company with a portfolio of Class A logistics facilities branded under the LogistiCenter® name. The company acquires, develops, and invests in logistics, e-commerce, and industrial real estate across eight regional markets: Nevada, Northwest, Midwest, East, Southwest, Southeast, Southern California, and West. The LogistiCenter® brand encompasses distribution, cross-dock, and manufacturing facilities ranging from approximately 95,000 SF to over 1 million SF, with typical features including high clear heights (32'-56'), multiple dock doors, ESFR sprinkler systems, LED lighting, and Foreign Trade Zone eligibility. Beyond its core property portfolio, Dermody offers build-to-suit development services and acquisition/investment management capabilities. Recent additions include the Reno AirLogistics Park (aerospace and logistics focus) and LogistiCenter® at 110 (Southern California port-proximate development with LEED certification).

Differentiator

Problem solved

Functional benefit

Products and services

• LogistiCenter® (Class A Industrial Real Estate Brand) LogistiCenter® is Dermody's primary brand for Class A logistics and industrial real estate properties, encompassing distribution, e-commerce, cross-dock, and manufacturing facilities across the United States. The properties feature modern specifications such as high clear heights, multiple dock doors, ESFR sprinkler systems, LED lighting, and Foreign Trade Zone eligibility, designed for e-commerce, distribution, and manufacturing tenants.
• Build-to-Suit Development Services Build-to-Suit development services that allow customers to develop facilities tailored to their specific operational requirements, including site selection, entitlements, design, and construction management. Dermody has experience across the country developing custom logistics, e-commerce, and manufacturing facilities.
• Acquisition & Investment Management Investment management services that include sourcing and executing acquisition opportunities, asset management, and investment strategy across industrial real estate markets in the United States. Dermody deploys capital on behalf of investors and institutional capital partners.
• LogistiCenter® at Miner's Mesa A 664,300 square foot cross-dock Class A distribution facility located in Apex Industrial Park, North Las Vegas, NV. Features 40' clear height, 123 dock high doors, Foreign Trade Zone eligibility, divisible to ±160,000 SF, situated on 38.55 acres with 50' x 50' column spacing.
• Reno AirLogistics Park (Buildings 1 & 2) Two-building Class A industrial park totaling more than 1.1 million square feet adjacent to Reno-Stead Airport, serving distribution, e-commerce, aeronautical, and R&D users. Building 1 (~654,500 SF) available for build-to-suit and Building 2 (~468,740 SF) ready for immediate occupancy. Features Foreign Trade Zone eligibility.
• LogistiCenter® at 110 A Class A, single-tenant logistics facility totaling 180,705 SF under construction in Gardena, CA (South Bay submarket) with 36' clear height, LEED certification, EV charging, skylights, 38 dock doors, and three-freeway access at 110 Freeway and 190th Street. Expected delivery Q2 2027.
• LogistiCenter® at I-80 West Phase II A two-building Class A industrial center totaling more than 429,000 square feet in Verdi, NV with Foreign Trade Zone eligibility. Building 2 offers 258,500 SF and Building 1 offers 170,500 SF. Located four miles from the California border.
• LogistiCenter® at Kiley Ranch A premier two-building industrial park in Sparks, Nevada. Building 1 offers 197,732 SF featuring ESFR sprinkler system, 2000 Amp electrical, 38 dock-high doors. Located near I-80 with access to Nevada's favorable tax climate.
• LogistiCenter® at I-15 South A premier four-building industrial park in West Henderson, Nevada offering 1,050,420 square feet of logistics space. Building 4 features 330,240 SF available for immediate occupancy (BTS) with 52' x 50' column spacing, 248 car parking. Located within 13 miles of major FedEx facilities and Harry Reid International Airport.
• LogistiCenter® at Woolwich (280 Locke Avenue) A three-building, 1,089,925 SF industrial park in Woolwich Township, NJ. Building at 280 Locke Ave offers 552,585 SF available with 1054' x 525' dimensions, 275 car parking (expandable to 385), 190 trailer stalls (expandable to 250). Located near NJ Turnpike Exit 2 and I-295 Exit 11. 33% of US population reachable within a day's drive; 3 million people within 40 minute drive time.
• LogistiCenter® at Somerset A 151,756 square foot logistics building in Somerset, NJ with 70,000-151,756 SF available for lease. Features EV-ready parking, 28 dock doors, within 15 miles of I-287, I-78 and NJ Turnpike Exit 10. Provides access to Port Newark-Elizabeth and Northeast corridor.
• LogistiCenter® at Woolwich East A 214,271 square foot logistics building in Woolwich Township, NJ ideally suited for manufacturing and/or warehouse/distribution companies. Features 36' ceiling height, 39 loading docks, 168 car parking, ESFR fire protection system.
• LogistiCenter® at I-83 A 342,720 square foot logistics facility situated on more than 35 acres in York County, PA with access to I-83, I-81, and I-78. Designed for manufacturing, distribution, and e-commerce companies with 56' x 60' column spacing, 280 car parking, 89 trailer parking.
• LogistiCenter® at Carneys Point A two-building logistics park totaling 587,750 square feet in Carneys Point Township, NJ with 158,400 SF currently available. Features strong immediate access to Philadelphia population and Port of Philadelphia via four nearby bridges.
• LogistiCenter® at Rialto Phase II, Building 8 A 258,737 SF industrial facility in Rialto, CA (Inland Empire West) available for occupancy December 1, 2026. Features 32' clear height, 39 dock doors, ESFR sprinklers, 8 battery charging stations, LED warehouse lighting. Located between I-210, I-15 and I-215 freeways.
• LogistiCenter® at Park Meridian A 262,260 SF Class A industrial/distribution facility in Riverside, CA within Meridian Business Center (1,290 acre master-planned business park). Year built 2019, features cross-dock design, 56 dock doors, 2 drive-in dock doors, 50' x 52' column spacing. Available for occupancy Q2 2026.
• LogistiCenter® at Rialto A 95,807 SF industrial facility in Rialto, CA within Renaissance Rialto master-planned development. Located between I-210, I-15 and I-215 freeways. Features 49 dock high doors, ESFR sprinklers, K-25 heads, LED warehouse lighting, 244 auto parking, 75 trailer parking. Available for occupancy March 2026.
• 3120 E. Mission Boulevard A 104,878 SF renovated industrial facility on 5.79 acres in Ontario, CA (Inland Empire West). Features 24' clear height, 243 auto parking, 6 drive-in doors, upgraded ESFR fire suppression. Located near I-10, I-15 and SR-60 freeways, 2.25 miles from Ontario International Airport.

Quantifiable outcome

• 33% of US population reachable within a day's drive from Woolwich, NJ location
• +3 more outcomes

Named customers3 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Six partnerships are on record, tiered core.

• Rexford IndustrialcoreStrategic or Co-development Partner · 24 June 2026Property acquired from Rexford Industrial, who Dermody first built a relationship with after the closing of LogistiCenter at Eastvale in 2022. The 8.95-acre site at 18455 Figueroa St. in Los Angeles will be redeveloped as LogistiCenter at 110.
• CBRE National PartnerscoreChannel Partner/ Reseller/ Distributor · 24 June 2026CBRE National Partners team marketed the acquisition of LogistiCenter at 110 from Rexford Industrial in the South Bay submarket of Los Angeles.
• United ConstructioncoreStrategic or Co-development Partner · 20 March 2026United Construction was recognized alongside Dermody as the general contractor for the Reno AirLogistics Park project, which won the Speculative Industrial Building of the Year award at NAIOP Northern Nevada.
• CBREcoreChannel Partner/ Reseller/ Distributor · 19 December 2025CBRE brokers represented Dermody in multiple lease transactions. Eric Bennett from CBRE represented Dermody at LogistiCenter at Kiley Ranch, and Dan Buhrmann and Jason Goff with CBRE represented West Coast Boat Center on the I-80 West lease.
• Dickson CommercialcoreChannel Partner/ Reseller/ Distributor · 19 December 2025Joel Fountain, Baker Krukow and Nick Knect from Dickson Commercial represented Dermody on LogistiCenter at I-80 West, Phase II transactions in Northern Nevada.
• NewmarkcoreChannel Partner/ Reseller/ Distributor · 19 December 2025Dave Simonson and Tracey Solari with Newmark represented Bitdeer Industrial Inc. in their lease transaction at LogistiCenter at Kiley Ranch, Building 2.

Scale indicators9 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• Prologis: Global industrial REIT and largest industrial real estate owner globally with ~1.3B SF of logistics facilities. Competitor for the largest enterprise tenant mandates and major infill acquisitions, though vastly larger scale and publicly traded permanent capital structure.
• Duke Realty Corporation: Major US industrial REIT acquired by Prologis in 2022. Several Dermody Southeast VPs previously worked at Duke Realty overseeing ~7.5M SF of development, evidencing direct operational and strategy overlap.
• Trammell Crow Company: Major diversified commercial real estate developer with substantial industrial/logistics development operations. Dermody Southwest Partner Patrick Gallagher previously held senior positions at Trammell Crow, evidencing direct strategy overlap in build-to-suit industrial.
• Liberty Property Trust: Major industrial REIT acquired by Prologis in 2020. Dermody Midwest Partner Neal Driscoll previously oversaw growth of Liberty's Midwest industrial portfolio from 8M to 19M SF, evidencing direct operational overlap and tenant targeting.

Direct peers

• Rexford Industrial Realty: Pure-play Southern California industrial REIT focused on infill last-mile logistics. Dermody even acquired an 8.95-acre LA site from Rexford, evidencing direct overlap in SoCal infill strategy and tenant competition.
• Panattoni Development Company: One of the largest privately held industrial developers in the US. Mark Lewis joined Dermody from Panattoni where he oversaw ~10.7M SF of Inland Empire/Orange County/LA development, evidencing direct talent and strategy overlap.
• First Industrial Realty Trust: Public industrial REIT with a multi-market US strategy focused on Class A distribution and light industrial, overlapping significantly with Dermody's target tenants and geographies.
• Terreno Realty Corporation: Industrial REIT focused exclusively on Class A logistics facilities in six major US coastal markets (LA, Bay Area, Seattle, NJ/NY, DC, South Florida). Highly comparable infill strategy and tenant profile to Dermody's SoCal, NJ, and Northwest assets.
• EastGroup Properties: Sunbelt-focused industrial REIT (Texas, Florida, Arizona, Georgia, Carolinas) that targets Class A multi-tenant distribution facilities — directly comparable to Dermody's Southeast, Southwest, and Nevada regional strategies.
• Exeter Property Group: Industrial real estate investment manager focused on value-add development and acquisitions. Dermody CIO Tim Walsh previously oversaw 21M+ SF of acquisitions at Exeter, evidencing identical investment strategies and operational DNA.

Market position

Strengths1 record

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/DermodyProperties
• LinkedInlinkedin.com/company/dermody-properties

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles18 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments13 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Dermody Properties