Bulldozers prepare a warehouse site at Dermody Properties LogistiCenter at Logan, Logan Township, NJ

LOGAN TOWNSHIP, NJ—Dermody Properties will develop a 152,200-square-foot, build-to-suit facility in southern New Jersey for Greenyard, a European distributor of fresh and prepared fruits, vegetables, flowers, plants and growing media.

The state-of-the-art packing and cold storage facility will be located in LogistiCenter at Logan, a 5.5 million-square-foot industrial park in Logan Township owned by Dermody Properties and Great Point Investors.

The new facility marks the first expansion of the Fresh division of Greenyard in the United States. Currently operating as UNIVEG Logistics America, the company's name will change to Greenyard Logistics USA upon completion of the new facility. The facility will serve as a packing and cold storage facility, quadrupling the company's current capacity and substantially increasing job opportunities. Seald Sweet, which belongs to the Fresh division of Greenyard and is a sister company of Greenyard Logistics USA, will also relocate its current northeast import production operations and sales offices to the new facility.

“We are excited to help this internationally renowned family of companies expand its U.S. operations with this new facility,” says Gene Preston, partner, Dermody Properties East Region Office. “We believe LogistiCenterat Logan is an ideal location to expand the company's northeast operations and look forward to developing an exceptional facility for them.”

“Expansion in our northeast operations and the U.S. market is our driving objective and part of our strategic plan,” says Mayda Sotomayor-Kirk, president of Greenyard Logistics USA. “Being part of UNIVEG, the Fresh division of Greenyard has propelled our continued growth. We outgrew our current facility some time ago and designed the new facility with the ability for future expansion going forward.”

LogistiCenter at Logan is a 1,100-acre industrial park with seven available lots ranging from

approximately 50,000 square feet to more than one million square feet. Upon total build-out, the park will accommodate more than 5.5 million square feet of industrial, distribution and light manufacturing facilities. LogistiCenter at Logan is home to several existing

buildings occupied by a diverse group of tenants, including Albert's Organics, hhgregg, Kimberly Clark Corporation, Mission Produce, Performance Food Group, Penske, Sears and Veroni. Great Point Investors is Dermody Properties' strategic capital partner on developments within LogistiCenter at Logan.

“We are proud to partner with Dermody Properties to deliver this state-of-the-art facility for Greenyard,” says Joseph Versaggi, principal, Great Point Investors. “We are equally excited about our continuing efforts to make LogistiCenter at Logan the premier logistics destination in southern New Jersey for sophisticated corporate users.”

LogistiCenter at Logan is a 1,100-acre industrial park with seven available lots ranging from

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Dermody Properties Developing 152K SF Facility for International Produce Leader

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