Seattle, Wash. – Dermody Properties, a national real estate investment, development and management company, specializing in acquisitions and development of logistics real estate, recently leased a 210,700-square-foot industrial facility in Lakewood, Wash. to an international appliance manufacturer.
The facility, known as LogistiCenter(SM) at I-5, is located one-half mile from the intersection of I-5 and SR-512 in Lakewood. The building will serve as an appliance warehousing and distribution center.
“We always strive to build state-of-the-art facilities in highly accessible markets that enable companies to reach their customers quickly and efficiently,” said Phillip Wood, Partner, Dermody Properties Northwest Region Office. “We broke ground on this facility one year ago, and are very pleased to now welcome a tenant to LogistiCenter at I-5.”
LogistiCenter at I-5 was developed by Dermody Properties as a Class A distribution facility, featuring 147 car parking spaces, 57 dock doors and 30-foot clear height. Its location off of I-5 near the Ports of Tacoma and Seattle will allow the manufacturer to serve both its national and international customers.
Les Boudwin, Scott Carter, Chris Spofford and Casey Trees of JLL represented Dermody Properties in the transaction and Andrew Hitchcock of CBRE represented the tenant.
About Dermody Properties
Dermody Properties is a privately owned logistics real estate investment, development and management firm that specializes in acquisitions 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 70 million square feet of industrial space. To learn more about Dermody Properties, visit Dermody.com.