BETHEL TWP., Pa. - Business continues to boom along Interstate 78 in Berks County.
Dermody Properties, a Reno, Nevada-based real estate investment, development, and management firm, broke ground Wednesday on what the company said is the biggest building in its portfolio.
Dubbed LogistiCenter at Midway, the one-million-plus square-foot building is going up at the Midway interchange of I-78 in Bethel Township.
"Someone asked me earlier today, 'Why here? Why this location?' Very simply, this is where our customers want to locate," said Douglas Kiersy, president, Dermody Properties, "and the reason for that is... the transportation infrastructure, and the labor, and the quality of the community."
Kiersy said the location is ideal for the access it provides companies to nearly 40 percent of the U.S. population and 60 percent of Canada's population with a one-day truck drive.
The building, the company added, will be suited for warehouse, distribution , and e-commerce business. It's expected to be available for occupancy next spring.
"We love this part of Pennsylvania. We love this region of the country, and we've made significant investments here over the last four years just in Pennsylvania and southern New Jersey," said Eugene Preston, a Dermody partner. "With this project, we're about five million square feet of buildings built or under construction, and this is an important one for us."
This is Dermody's second property in Berks County. It broke ground three years ago on a 750,000-square-foot building within the Berks Park 78 industrial park, which is also located off I-78 in Bethel Township. The now-completed building is occupied by Samsung.
PetSmart and Dollar General also have distribution centers in the Berks Park 78 complex.
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