Dermody Properties, a national real estate investment, development and management company headquartered in Reno, Nevada and specializing in acquisitions and development of industrial real estate in strategic locations across the United States, recently acquired the Bloomfield Industrial Center located in Santa Fe Springs from a private investor. Located at 10712-10748 Bloomfield Ave. this 75,960-square-foot warehouse and distribution facility marks Dermody Properties’ first offering in the Southern California area. Currently, up to 37,800 SF of this multi-tenant property is available for lease.

“We appreciate the hard work of Jeff Chiate, Jeff Cole, Mike Adey, Ed Hernandez and Chuck Berger of Cushman and Wakefield and Bob Crenshaw of Newmark Knight Frank represented both buyer and seller in the transaction,” said Nancy E. Shultz, SVP, Capital Deployment, Dermody Properties.”Mr. Berger along with Mike Foley, Dave Hess, and Ryan Bos from Cushman and Wakefield have been retained to lease the two vacant spaces available at the Bloomfield Industrial Center.”

“This is an excellent location in a constantly growing market and boasts easy freeway access, close proximity to the LAX Airport and the ports of Los Angeles and Long Beach,” said Shultz. “The area is a true hub for industrial activity. This acquisition is poised to help fill the demand for quality industrial properties in the Los Angeles Basin.”

There are two units available for lease at the project:  a 22,440 SF unit with 1,349 SF of refurbished office space, and a 15,360 SF unit with 1,357 SF of refurbished office space. The units are adjacent to one another and can be combined to create a single unit size of 37,800-square-feet. Bloomfield Industrial Center offers dock high loading, 24-foot interior warehouse clearance, LED lighting and a prime corner location.

“Expanding our portfolio to include quality offerings in Southern California is a top priority and we are excited to have acquired this asset in a prime Mid Counties location,” said Douglas A. Kiersey, President of Dermody Properties, “Bloomfield Industrial Center is an ideal central location for a variety of industries.”

The recently renovated property is in the Mid Counties submarket of Los Angeles County and offers easy access to the entire Los Angeles Basin. Interstate 605 and Interstate 5 are within two miles of the property offering quick connections to major east-west transit routes. The ports of Los Angeles and Long Beach, the largest and second largest ports in North America representing 40% of U.S. container traffic, are 22 miles to the southwest and the Los Angeles International Airport is 22 miles to the west.

About Dermody Properties

Dermody Properties is a privately owned industrial real estate investment, development and management firm that specializes in acquisitions and development of industrial 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 70 million square feet of industrial space. To learn more about Dermody Properties visit Dermody.com.

 

About Cushman & Wakefield

Cushman & Wakefield is a leading global real estate services firm that helps clients transform the way people work, shop, and live. Our 45,000 employees in more than 70 countries help occupiers and investors optimize the value of their real estate by combining our global perspective and deep local knowledge with an impressive platform of real estate solutions. Cushman & Wakefield is among the largest commercial real estate services firms with revenue of $6 billion across core services of agency leasing, asset services, capital markets, facility services (C&W Services), global occupier services, investment & asset management (DTZ Investors), project & development services, tenant representation, and valuation & advisory. 2017 marks the 100-year anniversary of the Cushman & Wakefield brand. 100 years of taking our clients’ ideas and putting them into action. To learn more, visit www.cushwakecentennial.com, www.cushmanwakefield.com or follow @CushWake on Twitter.