Hemmer to build 898,560 sq. ft. facility at CVG airport site

Posted on Thursday, August 27, 2015 in Press Releases.
Developers of a 52-acre site adjacent to the Cincinnati/Northern Kentucky International Airport (CVG) have chosen Paul Hemmer Company (Hemmer) to build an 898,560-square-foot facility there. The development is a joint-venture of Dermody Properties and Hillwood Investment Properties (Hillwood). 

Dermody Properties and Hillwood leased the land site at 1600 Donaldson Rd. in Erlanger, Ky., from CVG earlier this year. The facility, initiated as a speculative development, is now being developed for Wayfair Inc. (NYSE:W), one of the world’s largest online destinations for home furnishings and décor.

To build the expansive structure, Hemmer will put more than 20 acres under one roof. The facility, known as LogistiCenterSM at 275, will be the largest single development, by square footage, in the history of Dermody Properties. It is the company’s third development in the Kentucky market, and the second built by Hemmer, which constructed Dermody Properties’ LogistiCenter Louisville in 2014.

Construction is expected to be complete in the second quarter of 2016. Upon completion, LogistiCenterSM at 275 will be one of the largest developments in the Greater Cincinnati region and the largest speculative development in the history of CVG.

The new fulfillment facility will complement Wayfair’s current distribution center in Hebron, allowing the company to increase its distribution capacity.

DTZ served as the tenant broker, representing Wayfair. Hillwood Investment Properties is Dermody Properties’ strategic financial partner on the project. Gregory Arnold, Partner,Dermody Properties, is leading the project for the developer.

Paul Hemmer Jr., CEO of Paul Hemmer Company, is project manager; Ron Heck, Hemmer Construction Manager, is superintendent. John Curtin, Hemmer Senior Vice President, is relationship manager; Vice President Mike Hemmer managed pre-construction and estimating. Jake Williams of ATA Beilharz Architects designed the facility.

About Paul Hemmer Company

Paul Hemmer Company is a construction management, building services and real estate development firm with a history in Greater Cincinnati dating back to 1921, when it began operation as the John M. Hemmer Construction Company.  Reorganized in 1982 as the Paul Hemmer Company, the Fort Mitchell, Kentucky-based firm is recognized as one of the Greater Cincinnati region’s premier providers of construction services.  Hemmer specializes in design/build construction, which enables it to provide the earliest commitment of guaranteed cost and delivery for its industrial, medical, commercial and retail clients.  Hemmer has also developed more than six million square feet of space throughout the Midwest and credits its success to its highly experienced team that places an emphasis on communication, commitment to quality and competitive pricing. Visit us at: www.PaulHemmer.com Follow us at: facebook.com/paulhemmercompany and @PaulHemmerCo on twitter.

 

About Dermody Properties

Dermody Properties is a privately held, industrial real estate development company. Founded and headquartered in Reno, Nev., the company has a national development reach, served by its regional offices in Chicago, Northern New Jersey, Phoenix, and Seattle. Over its 50-year history, the company has developed and leased more than 45 million square feet of high quality facilities to many Fortune 500 companies and other well-respected firms. To learn more about Dermody Properties visit www.Dermody.com.

 About Wayfair

Wayfair Inc. offers an extensive selection of home furnishings and décor across all styles and price points. The Wayfair family of brands includes:

·         Wayfair.com, an online destination for all things home

·         Joss & Main, an online flash sales site offering inspiring home design daily

·         AllModern, a go-to online source for modern design

·         DwellStudio, a design house for fashion-forward modern furnishings

·         Birch Lane, a collection of classic furnishings and timeless home décor

Wayfair is headquartered in Boston, Massachusetts, with additional locations in New York, Utah, Kentucky, Ireland, U.K. and Germany.

 

About Hillwood Investment Properties

Hillwood Investment Properties, a Perot company, is one of the world’s premier commercial real estate developers, investors and advisors of high-quality real estate properties that provide a significant economic impact to their region. Serving 20 markets in the U.S., Canada, Germany and Poland, the company is actively involved in development, acquisitions, construction, leasing and management of high quality, well located, flexible and functional industrial properties. For additional information, pleasevisit www.hillwoodinvestmentproperties.com or www.hillwood.com.

 About CVG

Cincinnati/Northern Kentucky International Airport (CVG) offers more nonstop flights than any airport in the region, including direct international service to Paris, Toronto, Cancun, Montego Bay and Punta Cana. CVGairport.com is your travel planning resource with flight status, security wait times, parking availabilityand weather. CVG is one of three global super-hubs for DHL, and a top 10 cargo airport in North America. CVG has been rated the Best Regional Airport in North America five straight years by SkyTrax. CVG was the first airport in the country to receive Safety Act Designation and Certification from the Department of Homeland Security (DHS), giving the airport the highest level of protections under the Act.

 

 

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