Reno, Nev. (May 23, 2016) - Innotrac Corporation, an omnichannel commerce technologies and operations company, has renewed their existing 224,778 square foot lease at 4910 Longley Lane in Reno, Nevada, along with an additional 52,500 square foot expansion at the same location. Kidder Mathews commercial real estate brokers, Michael Hoeck, SIOR, Dave Simonsen, SIOR, CCIM, Michael Nevis, SIOR, CCIM, and Steve Kucera, CCIM, represented Innotrac in the transaction. The industrial space is owned and managed by Bond Commercial Properties.
The vacancy rate in Reno continues to decline. Due to its close proximity to California and access to major highways and freeways, Reno has continued to be a 3PL Hub in the western United States. "This transaction indicates that even well located older product remains in high demand," said Hoeck, senior vice president at Kidder Mathews.
About Kidder Mathews
Kidder Mathews is one of the largest independently owned commercial real estate firms on the West Coast, with over 550 real estate professionals and staff in 14 offices in Arizona, California, Nevada, Oregon, and Washington. Kidder Mathews offers a complete range of brokerage, appraisal, property management, consulting, sustainability, and project and construction management services for all property types. The firm performs $4.7 billion in transactions, manages over 37 million square feet of space, and conducts over 1,300 appraisals annually. For more information, visit www.kiddermathews.com.