DERMODY PROPERTIES PURCHASES VACANT WAREHOUSE IN N.J.

by admin

LOGAN, N.J. — Dermody Properties/DP Partners has acquired a vacant distribution facility located within Logisitcenter at Logan in the township of Logan. The 259,910-square-foot property is situated on 14.4 acres at 1109 Commerce Blvd. Constructed in 1998, the building features 10,000 square feet of office space, with the remainder consisting of air-conditioned manufacturing/warehouse space. Dermody plans to immediately reposition and lease up the property. The seller was Lexington Lion NEBC LP. Great Point Investors is Dermody's joint venture partner in the property.

You may also like