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May 25, 2016

Shuttleworth signs lease in Reno Aircenter

Reno Gazette-Journal

Jessica Garcia

Shuttleworth, which specializes in the design and manufacturing of exhaust systems, has leased a 24,900-square-foot industrial building located at 4945 Aircenter Circle in Reno from Global Logistic Properties, a provider of modern logistics facilities. Michael Hoeck, SIOR, Dave Simonsen, SIOR, CCIM, Michael Nevis, SIOR, CCIM, and Steve Kucera, CCIM, of Kidder Mathews represented the tenant and landlord in this transaction.

The Airport submarket has about 8.95 million square feet of Class A & B industrial space, mostly developed in the early 1990s, and it is one of the most desirable submarket in the area due to its close proximity to hotels, services, dining and shopping. Vacancies in the submarket are consistently low. The location has an abundance of nearby labor, and with accessible freeways and public transportation, it is ideal for attracting employees. This submarket is almost completely built out and includes the SPPC Business Park, GLP Aircenter and Mill@McCarran. Major tenants include Maurice Sporting Goods, Merck, FedEx (2) and Tessco.

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