Dermody Properties Acquires Bridge Point Lacey Industrial Campus In Lacey, WA For $132.1M

Dermody Properties, an industrial development and investment firm, has acquired Bridge Point Lacey, a 717,544-square-foot industrial campus in Lacey, Washington, for $132.1 million from Morgan Stanley. The property is located at 3300-3316 Hogum Bay Road Northeast in the bustling market of Lacey, WA. With a price per square foot of $184, the industrial campus offers ample space for various commercial purposes.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $132,100,000
• Address: 3300-3316 Hogum Bay Road Northeast, Lacey, WA
• Market: Lacey, WA
• Square footage: 717,544
• Price per square foot: $184

Dermody Properties, led by their representative, has successfully completed the acquisition of Bridge Point Lacey. This strategic move further establishes Dermody Properties' presence in the industrial real estate sector. On the other hand, Morgan Stanley acted as the seller, parting ways with the industrial campus.