Dermody Properties, a national private equity real estate investment, development and management company focused exclusively on the logistics real estate sector, is pleased to announce the lease of LogistiCenter℠ at 78-81, located at 501 Old Forge Road in Lebanon County, to The Hillman Group. An industry leader in builder solutions, The Hillman Group will occupy 186,900 square feet of the 405,000-square-foot facility and use it primarily for distribution of their construction fastener materials to national hardware stores. The seven-year lease is expected to commence on September 1, 2021. LogistiCenter℠ at 78-81 is now fully leased.

“Among the advantages of the area, within a submarket of Harrisburg, is access to four key interstates and numerous shipping and transportation resources for strategic supply chain solutions,” said Gene Preston, East Region Partner at Dermody Properties. “The Hillman Group will be able to reach their customers quickly and efficiently as occupants of LogistiCenter℠ at 78-81.”

LogistiCenter℠ at 78-81 is a state-of-the-art warehouse developed by Dermody Properties from the ground up, with construction completed in 2016. The majority of surrounding properties in Lebanon County are institutionally owned and leased to a variety of e-commerce, distribution, warehouse, and assembly companies.

PCCP, LLC is Dermody Properties’ strategic capital partner on the project.

“This property was originally developed as part of our strategy to provide state-of-the-art, strategically located developments for our customers in key markets such as Central Pennsylvania,” said Elizabeth Kauchak, Chief Operating Officer at Dermody Properties. “We continue to focus on sourcing new development and acquisition opportunities across the East Coast and nationally, with this in mind.”

William Wolf and Max Wolf of CBRE Allentown represented Dermody Properties in the lease transaction. Alan Grace, also of CBRE, represented The Hillman Group.

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 more than $6.2 billion of total capital across all platforms. 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.

About PCCP, LLC

PCCP, LLC is a real estate finance and investment management firm focused on commercial real estate debt and equity investments. PCCP has $13.1 billion in assets under management on behalf of institutional investors. With offices in New York, San Francisco, Atlanta, and Los Angeles, PCCP has a 23-year track record of providing real estate owners and investors with a broad range of funding options to meet capital requirements. PCCP underwrites the entire capital stack to exploit inefficiencies in the market and provide investors with attractive risk-adjusted returns. Since its inception in 1998, PCCP has managed, raised or invested over $26.0 billion of capital through a series of investment vehicles including private equity funds, separate accounts and joint ventures.  PCCP continues to seek investment opportunities with experienced operators seeking fast and reliable capital. Learn more about PCCP at www.pccpllc.com

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