Dermody Acquires Vacant 606,000 SQFT Tracy 205 Logistics Center from CBRE Investment Management Venture, Assessed at $70MM
Why this matters
Industrial has moved into a normalization phase after the 2020-2023 frenzy. Vacancies are up modestly, sublease space remains a watch item in the big-box logistics segment, and rent growth has shifted from double-digit to mid-single-digit. The long-term tailwinds — nearshoring, e-commerce penetration, infill scarcity — remain intact. Institutional capital is calibrating between core income and value-add basis plays as the cycle matures.
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On the RET wire
- Disclosed industrial deal value tracked in November 2026: $1.3B across 17 reported transactions. All Industrial coverage →
- 96 stories mentioning CBRE on the wire in the past 90 days. CBRE coverage →
Computed from Real Estate Trail’s own tracked coverage
Dermody has bought the Tracy 205 Logistics Center, a never-occupied 606,343-square-foot cross-dock warehouse that a CBRE Investment Management fund and Trammell Crow Company completed in 2023, taking on one of the Cen…
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