Dermody Properties Buys Fremont Facility for $18.6MM

Dermody Properties, Fremont, JLL, Bay Area

(EDITOR’S NOTE: According to public documents filed with the county, the property sale closed on August 20th, 2019 for $18,625,000.)

FREMONT, Calif. – Dermody Properties, a national private equity real estate investment, development and management company focused exclusively on the logistics real estate sector, has acquired a facility at 44370 Christy St. in Fremont. The property has 88,246 square feet currently available for lease, which includes 26,473 square feet of office space. Will Connors, Daniel Renz, Erik Doyle, Greg Matter, Eddie Shuai and Rich Branning of JLL were the listing brokers for the property.

The property offers direct frontage to Interstate-880 as well as access to Interstate-680, providing proximity to two of the three main commuter freeways running through the Silicon Valley. Fremont has become a preferred industrial submarket due to its accessibility to the greater Bay Area, access to high-level engineering and manufacturing labor and its business-friendly environment.

Building features include a 20-foot clear height, four dock-high doors, two drive-in doors, 277 auto parking spaces and an ESFR fire protection system.

“Fremont has become an incredible place for manufacturing,” said George Condon, West Region Partner for Dermody Properties. “The employers in Fremont and the engineers living in and near Fremont are outstanding. We look forward to remodeling this building and leasing it to one to four companies.”

The Fremont submarket is home to manufacturing and assembly centers for Apple, Facebook, Tesla, Lam Research, Delta Products, Seagate, Western Digital, Thermo Fisher and Boston Scientific, among others. 

“Between its proximity to the Bay Area, the business-friendly environment of its location and access to a strong labor pool, this property is ideal for West Coast operations,” said Douglas A. Kiersey, Jr., President of Dermody Properties. “There is continued growth and potential in this region of the country, and it’s exactly what we look for when seeking investments for our customers’ success.”

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 logistics space. In addition to its regional office and company headquarters in Reno, Nev., Dermody Properties has regional offices in northern and southern California, Atlanta, Phoenix, Seattle, Chicago and New Jersey.

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