Dermody is a privately owned real estate investment, development, and management firm specializing in logistics and industrial properties across the United States. Founded in 1960 by John A. Dermody in Reno, Nevada, the company began as a modest warehousing operation that evolved into a national platform serving e-commerce fulfillment centers, third-party logistics providers, and distribution customers. Michael C. Dermody joined the firm in 1976 and became CEO in 1982, leading the company's expansion through institutional partnerships with CalPERS, CalSTRS, and Lazard Frères.
In 2007, Dermody sold its 25 million square foot portfolio to Prologis before rebuilding its national presence. The firm manages commingled funds focused on value-add acquisitions and development in infill locations. Since inception, Dermody has invested more than $10 billion of total capital and acquired or developed approximately 110 million square feet of logistics facilities. The company operates through nine regional offices serving major markets including California, Atlanta, Chicago, Phoenix, Seattle, Dallas, Indianapolis, and New Jersey. Their portfolio includes properties leased to Amazon, Wayfair, Best Buy, Costco, FedEx, UPS, Home Depot, and other national tenants across multiple industries.
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