A Nevada-based industrial real estate developer with growing midstate holdings is ramping up construction this week on its latest local project.
Fresh off selling a distribution center near Carlisle to the United Parcel Service, Dermody Properties will hold a groundbreaking Wednesday morning for a nearly 1.1 million-square-foot warehouse, the largest building in the company’s history, off Exit 16 of Interstate 78 in Bethel Township.
The speculative project in Berks County, which is being marketed by CBRE for warehouse, distribution and e-commerce use, will be called LogistiCenter at Midway.
Dermody officials declined to disclose the construction cost. Blue Rock Construction, based in New Jersey, is handling the construction. The facility is available for lease with occupancy slated for spring 2018, according to the developer.
The Dermody warehouse is the latest industrial project to be built along the growing I-78 corridor, which has seen several buildings pop up in recent years in both Lebanon and Berks counties.
A $40 million Bell & Evans chicken hatchery just opened in Lebanon County. Ace Hardware Corp. recently leased a large facility in the Lebanon Valley Distribution Center to serve stores in Pennsylvania, New Jersey, New York, Virginia and Washington, D.C.
Ten miles from the I-78/I-81 split in northwestern Berks County, Indiana-based Duke Realty Corp. purchased 73 acres of land off Exit 10 for future industrial development. That tract is is near distribution centers for national companies Dollar General and PetSmart.