Dermody Properties Breaks Ground on LogistiCenter℠ at Pleasant Prairie

PLEASANT PRAIRIE, Wis. - Dermody Properties-a diversified private equity investment management company focused exclusively on the national logistics real estate sector-is pleased to announce that WestRock, a global leader in sustainable packaging, has signed a build-to-suit lease at LogistiCenter℠ at Pleasant Prairie. WestRock is establishing a Great Lakes regional corrugated operations hub and will require more than 580,000 square feet within Wisconsin's newest rail-served logistics park.

"We are pleased that WestRock is entrusting Dermody Properties to build its advanced manufacturing facility in southeast Wisconsin," said Neal Driscoll, Midwest Region Partner at Dermody Properties. "We could not have scripted a better partner to kick off the park, and we look forward to working closely with WestRock and the Village of Pleasant Prairie to complete what we believe will be a best-in-class project."

The Village of Pleasant Prairie sits at the southern doorstep of Wisconsin and has witnessed considerable expansion in the past decade as local companies have grown. Businesses have been attracted to the state's friendly business climate, availability of labor and high quality of living. LogistiCenter℠ at Pleasant Prairie-Wisconsin's only rail-served, build-to-suit logistics park-is part of Dermody Properties' growing portfolio in the thriving Midwest market.

WestRock announced in January 2024 that it would begin building a new corrugated box plant in Pleasant Prairie to meet growing demand from customers in the Great Lakes region.

"WestRock's new corrugated converting facility in Pleasant Prairie will use state-of-the-art automation and enhanced capabilities to improve product quality and customer satisfaction," said David B. Sewell, Chief Executive Officer of WestRock. "Efficient manufacturing operations generate less waste and reduce energy consumption, contributing to sustainability and further solidifying WestRock's position as the supplier of choice."

The logistics park was previously home to a power plant and sits adjacent to substations that can deliver unrivaled power capacity and provide freshwater service from Lake Michigan.

"Dermody Properties is committed to creating state-of-the-art logistics spaces for our customers, and we are proud to be collaborating with WestRock to fulfill that promise through this build-to-suit project," said Elizabeth Kauchak, Chief Operating Officer for Dermody Properties. "This lease is a testament to the benefits of doing business in the Midwest Region and Pleasant Prairie's strategic positioning."

LogistiCenter℠ at Pleasant Prairie is a planned three-building logistics center that will total 2,384,765 SF of building space with flexibility to accommodate build-to-suits from 250,000 SF to 1.8M SF. This logistics facility offers Wisconsin's newest and only rail-served BTS site with unmatched power capabilities. Leasing opportunities are available.

About Dermody Properties
Dermody Properties is a privately-owned real estate investment, development and management firm that specializes in the acquisition and development of logistics real estate in strategic locations for e-commerce fulfillment centers, third-party logistics and distribution customers. Founded in 1960, Dermody Properties has invested more than $10 billion of total capital across all platforms nationwide, having acquired and developed approximately 110 million square feet of logistics and industrial facilities. In addition to its corporate office in Reno, Nev., it has regional offices in northern and southern California, Atlanta, Phoenix, Seattle, Chicago, Dallas, Indianapolis and New Jersey. For more information, visit Dermody.com.

About WestRock
WestRock (NYSE: WRK) is a global leader in sustainable paper and packaging solutions, with more than 50,000 teammates in the Americas, Europe and Asia-Pacific. Our integrated packaging capabilities offer end-to-end solutions to help customers address their greatest challenges.

Media Contacts:

Dermody Properties
Nicole Shearer, APR
Senior Director of Public Relations, KPS3
530-448-6485
[email protected]

WestRock
Robby Johnson, APR
Senior Manager, Corporate Communications
470-328-6397
[email protected]