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CONTRACTORS, OWNERS & MANAGERS Section C of the Mid Atlantic Real Estate Journal

Sustainable features include motion sensor lighting and efficient plumbing fixtures

Dermody Properties announces LEED Silver Certification of Penn Jersey’s corporate HQ


H I L A D E L P H I A , PA — Dermody Properties, parent company of DP Partners, has announced that the Penn Jersey (PJP) corporate headquarters and distribution center completed in Philadelphia James Mascaro in April 2011, has achieved LEED (Leadership in Energy

Penn Jersey Corporate HQ

DECEMBER 23 - JANUARY 12, 2012

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ALSO INSIDE: GREEN BUILDINGS ............................................................. 6-12C USGBC NJ........................................................................10C NJAA ORGANIZATION .........................................................14C IREM ORGANIZATION ............................................... 16-IBC-C Section C, 20 pages


and Environmental Design) Silver Certification from the U.S. Green Building Council (USGBC). LEED Certification is awarded for buildings that are energy efficient and environmentally sustainable in design and operation. The PJP facility received LEED Silver Certification because of its sustainable features that reduce energy consumption through the use of motion sensor lighting, efficient plumbing fixtures and its capacity to regulate 100 percent of storm water on-site in order to reduce pollution caused by runoff. The building is designed to achieve an energy savings of 40 percent and a water use savings of more

than 35 percent. Dermody Properties believes in sustainability through superior design and materials to achieve energy efficient and environmentally conscious facilities for its clients, as demonstrated when developing the 255,336 s/f corporate headquarters and distribution center for PJP. The LEED Certification of the PJP corporate headquarters and distribution center is the fifth LEED Certified project for Dermody Properties. As an active member and supporter of the USGBC, Dermody Properties has developed 2.2 million s/f of LEED Certified projects in the past three years with a team of LEED-Accredited Professionals (LEED-AP). All of these buildings are 100 percent occupied. “I want to praise Dermody Properties for the LEED Silver Certification designation for the Penn Jersey corporate headquarters,” said Philadelphia Mayor Michael A. Nutter. “Environmentally conscious and energy efficient buildings are crucial for a more sustainable future. The City of Philadelphia encourages private enterprises to be eco-friendly as we work to become the greenest City in America.”

“It is important to Dermody Properties to help build better businesses through green initiatives and environmentally aware practices,” said James Mascaro, LEED-AP and development director for the Eastern Region office of Dermody Properties. “The importance of LEED certified projects is significant because of the reduced impact on the environment and the local community. Building to LEED rating system standards provides better facilities for our clients and for the environment.” Dermody Properties implements conscientious site design in order to reduce the impact on the land and environment around a facility by using recycled materials as well as water and energy efficient systems to reduce use. Dermody Properties also uses natural lighting and temperature-control systems to improve indoor air quality to promote employee well being and increase productivity. “We would like to thank Penn Jersey for allowing us to work with them on their impressive corporate headquarters and distribution center,” said Michael Dermody, CEO/chairman of Dermody Properties. ■

In Monmouth Junction, New Jersey

Cassidy Turley secures industrial property management assignment MONMOUTH JUNCTION, NJ — Cassidy Turley, a commercial real estate services provider in the U.S., announced that the firm has won a property management assignment for a 125,728 s/f industrial property. The property, close to exit 8A on the New Jersey Turnpike, includes two multi-tenant buildings and is 100 percent occupied. Senior VP of property management Terry Frassetto led the Cassidy Turley team discussions with ownership which resulted in winning the new

assignment. “This is a new client for our firm and we are very excited about the opportunity,” said Frassetto. “Cassidy Turley is continuing to expand and develop its property management division by leveraging our national platform to provide outstanding services to our clients.” The firm will provide general property management services for owner My Tree Realty, LLC, which recently acquired the site. My Tree Realty, LLC is a Tris Pharma affiliate. Tris Pharma is a rapidly growing

specialty pharmaceutical company and the property’s largest tenant. Cassidy Turley manages more than 455 million square feet, domestically and internationally. The property management division concentrates on the areas of building maintenance and engineering management, accounting and financial reporting, leasing, market research, sustainability consulting, project and development services, contract and vendor management, lease compliance and administration, and tenant retention. ■