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Dermody Makes Move on Major Development Site Outside Seattle

Company Has Struck Deal With Segale Properties for Almost 40 Acres of Land
Dermody Properties has signed an agreement with the Segale family in the hopes of developing a site that can be seen just above the pond on the right, on the far northeast corner of the land the latter bought from the aerospace company Boeing in 2003. (CoStar)
Dermody Properties has signed an agreement with the Segale family in the hopes of developing a site that can be seen just above the pond on the right, on the far northeast corner of the land the latter bought from the aerospace company Boeing in 2003. (CoStar)
By Clare Kennedy
CoStar News
December 30, 2020 | 10:37 P.M.

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Industrial and logistics developer Dermody Properties is close to locking down a chunk of land in Kent, Washington, a Seattle suburb that has long been a hub for transportation and industry but is becoming increasingly difficult to break into because of skyrocketing demand.

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