Seattle & Northwest CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors


Seattle & Northwest  + Washington  + Industrial  | 

Dermody Acquires 778K-SF Seattle-Area Industrial Park, Development Site

Dermody Properties acquired the Meridian Campus Corporate Park in Lacey, WA, just south of Seattle, from the California State Teachers’ Retirement System (CalSTRS). The industrial park consists of three buildings totaling 459,551 square feet, and 18 acres of land where Dermody plans to develop a new distribution building.

The property is located immediately off of Interstate 5 in the Thurston County submarket of Puget Sound’s industrial market. The new facility will total 318,028 square feet and will feature 36-foot clear height and 80 trailer parking stalls. Construction is expected to begin in November 2017.

The three existing buildings include a 130,525-square-foot building at 9107 Polaris Lane, another 130,525-square-foot building at 9127 Polaris Lane and a 198,501-square-foot facility at 9225 Polaris Lane. All three buildings are Class A, LEED Gold facilities and feature 30-foot clear heights.

CBRE’s Monte Decker and Andrew Hitchcock are handling the leasing assignment.

Get CRE News in 150 words

For comments, questions or concerns, please contact Dennis Kaiser


Inside The Story

Read more at Dermody PropertiesConnect With Dermody Properties’ Phillip WoodConnect With CBRE’s Decker

About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.