April 19, 2024 11:48 am
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Dermody Properties will develop huge industrial park in El Mirage

By AZRE | AZ Big Media

Dermody Properties, a national private equity real estate investment, development and management company focused exclusively on the logistics real estate sector, announced the acquisition of 961 acres of land in El Mirage, Ariz., a suburb of Phoenix, which will be developed into Copperwing Logistics Center, one of the largest industrial parks in Arizona’s history.

Initial development is expected to begin in 2022. Dermody Properties will develop approximately 10 million square feet of speculative space over the next 10 years and will develop approximately 300 acres for other third-party owner/users and build-to-suit customers.

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