Dermody Properties Acquisition of Tech Innovation Flex Campus – Reno

Deal value: $43,000,000

Dermody Properties acquired a 150,000 SF tech-focused flex campus in Reno, NV, with 45% office, 55% warehouse, designed for robotics and advanced manufacturing tenants.

Dermody Properties is acquiring the Reno tech flex campus to capitalize on the region’s rapid growth as a logistics and advanced manufacturing hub. The investment is driven by strong demand for modern, flexible industrial space from robotics and high-tech manufacturing tenants, Reno’s favorable tax environment, and its strategic location for distribution and innovation. The timing reflects low vacancy rates, robust net absorption, and a belief in Reno’s long-term value as a secondary market for industrial assets.