Dermody Properties Leases 79,430 Square Feet in the Inland Empire West
Dermody Properties, a national private equity real estate investment, development and management company focused exclusively on the logistics real estate sector, has leased LogistiCenter℠ at Rialto II Building 9 to a well-established leader in the bedding industry. The customer will lease the entire building, located at 1798 N. Linden Avenue in Rialto.
“This property’s high-image appearance, state-of-the-art features, nearby amenities and proximity to major arterials attracted the customer to this property,” said Matt Mexia, Partner in Southern California at Dermody Properties. “The customer already provides coast-to-coast capabilities and was specifically looking for a facility in this region to better serve its clients as the industry continues to expand with increasing demand.”
LogistiCenter℠ at Rialto II Building 9 is a new construction project that was just completed in recent months. The property is located within the Renaissance Rialto master-planned development and provides an excellent location to service both Southern California and the Western United States, situated between the Interstate-210, Interstate-15 and Interstate-215 freeways.
“We’re seeing demand and leasing activity happening just as quickly as we’re acquiring and developing new projects in the region,” said Elizabeth Kauchak, Chief Operating Officer at Dermody Properties. “Southern California’s low vacancy rate, particularly in the Inland Empire, makes it challenging for companies looking for space, which is why we remain focused on seeking out those strategic opportunities for our customers throughout the region.”
Dan de la Paz, David Consani and Jim Koenig of CBRE represented Dermody Properties in the lease.
For current availabilities in Southern California, visit the Dermody Properties website.
About Dermody Properties
Dermody Properties is a privately-owned real estate investment, development and management firm that specializes in the acquisition and development of logistics real estate in strategic locations for e-commerce fulfillment centers, third-party logistics and distribution customers. Founded in 1960, Dermody Properties has invested in more than 89 million square feet of industrial space. In addition to its corporate office in Reno, Nev., it has regional offices in northern and southern California, Atlanta, Phoenix, Seattle, Chicago, Dallas and New Jersey. For more information visit www.Dermody.com.
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