CONSTRUCTION TO BEGIN ON 750,000 SF INDUSTRIAL FACILITY IN BERKS PARK 78

BETHEL TOWNSHIP, PA. — Dermody Properties and Granite Real Estate Investment Trust will start construction on a 750,000-square-foot industrial facility at Berks Park 78 in Bethel Township. Located at 41 Martha Dr., the state-of-the-art industrial warehousing and distribution facility will feature 36-foot clear height, 316 car parking spaces and 322 trailer parking spaces. Dermody Properties is serving as developer and operating partner, and Granite is the majority equity partner on the project. Located off Interstate 78 in the heart of the Pennsylvania I-81/I-78 Industrial Corridor, the 323-acre Berks Park 78 is currently home to distribution operations for Dollar General and PetSmart. Gerry Blinebury, Pat McBride and Adam Campbell of Cushman & Wakefield are marketing the new facility.