BETHEL TOWNSHIP, PA—The partnership of DermodyProperties of Reno, NV andCanadia-based Granite Real Estate InvestmentTrust willl break ground later this month on a750,000 square foot warehouse and distribution facility at 41Martha Drive in Berks Park 78 here.

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The facility to go up just off exit 13 in the I-81/I-78 corridorwill feature 36-foot clear height, 316 parking spaces and 322trailer parking spaces. The property has LERTA tax abatementstatu,s offering tenants reduced real estate taxes over a 10-yearperiod, company officials say.

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“This location allows companies to reach the northeasternpopulation base effectively and efficiently,” said GenePreston, partner, of Dermody Properties' east regionoffice.

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Dermody is serving as the developer and operating partner, whileGranite is the majority equity partner on the project.

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“Our relationship with Dermody continues to grow and we areexcited to commence this new project at Berks Park 78. Granite ismost selective in choosing both new developments it undertakes andoperating partners it works with. In the case of Dermody and Berks78, we believe we have the best of both,” says TomHeslip, CEO of Granite.

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The property is being marketed to prospective tenants byGerry Blinebury, Pat McBride andAdam Campbell of Cushman and Wakefield ofPennsylvania, Inc.

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John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.