Dermody Properties, a Nevada-based national industrial real estate development and operating company, recently broke ground on a new industrial facility in Vancouver, Washington that is expected to be completed in July 2015, and Vancouver's first new industrial development in more than 10 years. The 98,400 square foot facility, known as LogistiCenter 205, will be marketed by Tony Reser, Tom Talbot and Scott Murphy of Kidder Mathews, hoping to draw tenants from manufacturing and the high-tech sector, said Phil Wood, the Dermot Properties' Northwest regional partner.
"Vacancies in both the Vancouver submarket and the overall Portland market are at or near historic lows," said Douglas Kiersey, Jr., president, Dermody Properties. "LogistiCenter 205 will provide much needed modern distribution space to serve our national target customers."
LogistiCenter 205 will be one of the few sizable industrial facilities available in the Clark County submarket. The vacancy rate in the Clark County submarket was 3.7 percent at the end of 2014, the lowest rate experienced in recent history. Designed by Mackenzie and constructed by Perlo Construction of Portland, the facility will feature 30' clear height, a 130' truck court and Early Suppression, Fast Response sprinkler systems. LogistiCenter 205 will be the only Class A industrial facility available in the Vancouver Clark County submarket.
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