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May 25, 2016

Shuttleworth signs lease in Reno Aircenter

Reno, Nev. (May 25, 2016) - Shuttleworth, a leader in the design and manufacturing of exhaust systems since 1958, has leased a 24,900 square foot industrial building located at 4945 Aircenter Circle in Reno, Nevada from Global Logistic Properties, a worldwide leading provider of modern logistics facilities. Michael Hoeck, SIOR, Dave Simonsen, SIOR, CCIM, Michael Nevis, SIOR, CCIM, and Steve Kucera, CCIM, represented Innotrac in the transaction.

The Airport submarket has about 8.95 million square feet of Class A & B industrial space, mostly developed in the early 1990’s, 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.

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.

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