Dermody Properties, a national private equity real estate investment, development and management company focused exclusively on the logistics sector, has hired John Picchiotti as senior vice president of asset management and national leasing.
Picchiotti will support Dermody Properties; national leasing activities, assisting with proposal development and deal execution, aid in managing established brokerage relationships regionally and nationally and act as primary manager of national industrial brokerage contacts. He will also be responsible for developing and executing strategies to maximize the value of Dermody Properties’ portfolio assets.
Prior to joining Dermody, Picchiotti was managing director, Chicago industrial brokerage lead for Jones Lang Lasalle. Throughout his tenure at JLL, he led the industrial brokerage group and directed a profit and loss statement exceeding $50 million, tripling the top and bottom lines for that business between 2017 and 2022. His career also includes 16 years as market officer in charge of operations for Prologis and four years as COO at NAI Hiffman.
“John’s expertise with operations and developing key customer and broker relationships nationally will be a strategic advantage in serving our clients,” said Douglas A. Kiersey Jr., CEO and president at Dermody Properties. “His accomplished career, national presence and deep knowledge of the industry gives him the insight necessary to ensure our asset management, property management and accounting teams continue to excel.”
A certified public accountant and licensed managing real estate broker, Picchiotti holds a bachelor’s degree in accountancy from the University of Illinois Urbana-Champaign.
