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SAN LEANDRO, Calif., May 7, 2021 /PRNewswire/ Dermody Properties, a national private equity real estate investment, development and management company focused exclusively on the logistics real estate sector, is pleased to announce that it has acquired 14490 Catalina Street, a 90,725-square-foot manufacturing facility situated on 4.49 acres of land.
Formerly a bakery manufacturing facility, the current tenant of the property will vacate upon its lease expiration in July 2021 at which point Dermody Properties will complete substantial interior and exterior improvements.
14490 Catalina Street - Location Aerial This is a rare opportunity for Dermody Properties to acquire an infill, value-add industrial building in a market with limited opportunities to increase the supply of space, said George Condon, West Region Partner for Dermody Properties. Besides its central location, one of the building s greatest strengths is its cold storage spa