Company Profile

Like the mighty eagle, DP Partners is always in action, moving forward.  In our almost 50 years of service, we have continually taken commercial development to new heights.  While we have grown steadily and evolved into an industry leader on many levels, our mission has never wavered.

DP Partners Missions Statement:


“Our mission is to create satisfied customers by providing responsive service and innovative real estate solutions, thereby sustaining long-term relationships and customer referrals.”

The Company History

There are three areas of expertise crucial to the success of any real estate company: financing, real estate, and construction.  Dermody Properties, of which DP Partners is the cornerstone, has utilized partnership structures with construction companies, other developers, clients, municipalities, and financial entities.  Some partnerships are project-specific.  Others are long-term in nature.  Some are legal entities while others are strategic alliances or loyal relationships. 

The examples of our interest to seek and maximize synergies reach back into our early years of doing business and continue throughout our growth to one of the top ten privately held industrial developers in the country.

  • In 1978, Michael Dermody and Anthony Taormina formed one of the largest industrial contracting companies in Nevada, United Construction Company (UCC).  The partnership gives DP tight control over product delivery, quality, and timing in the state of Nevada. Since its inception, UCC has become one of Nevada’s premier contractors and is ranked in the nation’s top 125.
  • From 1991 to 2003, DP formed a strategic partnership with California Public Employees' Retirement System (CalPERS), the largest public pension plan in the country.  This quickly expanded DP’s focus to a national level. Subsequent institutional partnership catapulted DP’s development and leasing to 3,000,000 SF of industrial space annually. 
  • In 1995, Michael Dermody formed a strategic partnership with a third-party logistics company, ODC Integrated Logistics, to buy land and build warehouses outside of the state of Nevada. Now known as Ozburn-Hessey Logistics, the firm is a leading third party logistics company that provides comprehensive supply chain management solutions that span the globe.
  • In 2001, DP formed a joint-venture partnership with Tejon Ranch Company (NYSE: TRC), the largest contiguous landowner in California, to develop modern logistics warehouse facilities within the 350-acre first phase of the Tejon Industrial Complex in Southern California, just north of the Los Angeles basin.
  • In 2005, DP formed a joint venture with the Village of Sauk Village, Illinois to develop the 325-acre LogistiCenter at Sauk Village industrial park.


Most recently, DP formed a partnership with the California State Teachers Retirement System (CalSTRS) and by July 2007, a portfolio of almost 25 million SF of industrial properties and 518 acres of land had been developed. While our partnerships have been highly successful and mutually beneficial, we were at that time ready to return to our entrepreneurial roots. 

Now, as a 100% privately held company with centralized ownership, we can take advantage of a myriad of opportunities that, in the past, wouldn’t have fit our structure and strategies.  We are now positioned to respond to market conditions and completely support the changing needs of our clients, partners, and business.  

The Company Vision

“Seeing the big picture” is a common expression, but DP Partners has an uncommon approach.  We believe that our clients must be squarely in the picture to create success—neither of us can do that alone.  We expect a final project to surpass original expectations because of the synergy we create with our clients. 

Customer satisfaction is essential to the best end result.  DP creates customer satisfaction by treating people fairly, giving them the benefit of our experience and knowledge, and providing responsive service and good value.  It is our belief that a company is only as good as the people who represent it.  DP has a team that cares about each other and our customers, and we apply that to every project, with every client. 

The proof is in the result.  After almost 50 years of doing business, the company has developed over 35,000,000 SF of build-to-suit and speculative space for over 300 international, national and regional clients, many of whom are the country’s most respected companies.  

The company’s broader vision of building for tomorrow, however, transcends beyond property development; rather, it encompasses our support for the communities in which we conduct business. In fact, our employee-managed Dermody Properties Foundation has been providing funds and volunteer support to worthwhile non-profit organizations and community causes across the country for decades. Sharing our success and giving back to our communities is a vital part of our mission, our philosophy and our vision for the future.