Dermody Properties Completes Phase II of LogistiCenter℠ at 395 in Reno, NV
We recently completed the second building of Phase 2 of LogistiCenter℠ at 395 in the North Valleys sub-market of Reno. More than 436,000 square feet of state-of-the-art logistics real estate space is immediately available for lease. LogistiCenter℠ at 395, Phase II, Building 2 is located at 8800 Military Road in Reno.
LogistiCenter℠ at 395, Phase II, Building 2 has 36-foot clear height, 71 dock doors, 58 trailer stalls, 211 employee parking spaces, heavy power and dedicated truck circulation to both ends of the building.
“This is an outstanding location for logistics-focused companies because of its proximity to major freeways and markets and ready access to a significant labor pool in the North Valleys and other neighborhoods in Reno/Sparks,” said George Condon, Partner, West Region of Dermody Properties. “The business-friendly environment and exceptional tax benefits combine to make LogistiCenter℠ at 395 an attractive and affordable location for companies interested to move or expand their business on the West Coast.”
Within minutes of the three major shipping providers — UPS, FedEx and OnTrac — and bordering five states, northern Nevada is perfectly situated as the hub of the 11-state western region, with 53 million people within a one-day drive. Trucking services are provided in the area by over 65 local, regional and national carriers with shipments to 80 percent of the 11 western states occurring on a next-day basis.
Resident national companies like Urban Outfitters, Newell-Rubbermaid (Marmot), Amazon.com, Ryder Logistics and Cardinal Health benefit from this submarket’s labor pool, numerous transportation options and competitive lease rates.
PCCP, LLC is Dermody Properties’ strategic capital partner on the industrial park.
“This is PCCP’s sixth venture with Dermody Properties,” said Melanie Gangel, Senior Vice President with PCCP. “With the highly sought after features of this asset, we anticipate a favorable amount of interest from area logistics users seeking a large block of space.”
Eric Bennett and Greg Shutt of CBRE, Reno are representing Dermody Properties on the leasing of LogistiCenter℠ at 395.
“This Reno sub-market is an excellent location for a company desiring easy access to West Coast markets and beyond,” said Douglas A. Kiersey, Jr., President of Dermody Properties. “The incredible labor pool readily available to this development makes this a very attractive home for ecommerce customers.”