Dermody Properties, a national private equity real estate investment, development and management company focused exclusively on the logistics real estate sector, has acquired 961 acres of land in El Mirage, Ariz., which will be developed into one of the largest industrial parks in Arizona’s history. With initial development of the Copperwing Logistics Center beginning this year, Dermody will develop approximately 10 million square feet of speculative warehousing space over the next 10 years and will develop approximately 300 acres for other third-party owner/users and build-to-suit customers.
Pat Feeney, Rusty Kennedy and Dan Calihan of CBRE are the leasing brokers for the industrial park.
