ProLogis Leases 120,000 Square Feet to CommScope Near Reno
RENO, Nev., Jan. 8 /PRNewswire-FirstCall/ -- ProLogis (NYSE: PLD), a leading global provider of distribution facilities, announced today it has leased 120,000 square feet of recently completed industrial space near Reno, Nevada to CommScope, a world leader in infrastructure solutions for communication networks.
CommScope will occupy the space at Patrick Industrial Park, a distribution park located east of Reno in McCarran, Nevada. The company will utilize the space to support regional distribution of its cable and other infrastructure products in order to serve its customers throughout the region.
"The industrial market in Reno fully supports distribution networks throughout the Western United States because of its central location in the region and position along Interstate 80," said Brandon J. Page, vice president and market officer for ProLogis. "We are pleased to sign this new lease with CommScope, which maintains our overall leased percentage in the greater Reno market at 94 percent."
Patrick Industrial Park is located along Interstate 80 approximately eight miles east of Sparks, Nevada. It offers quick access to one of the nation's most popular east-west trucking routes, and is approximately 20 minutes from the Tahoe-Reno International Airport. ProLogis currently owns three buildings at the park, comprising one million square feet. Current ProLogis customers at Patrick Industrial Park include CEVA Logistics, Kuehne + Nagel and 1-800-FLOWERS.COM.
ProLogis is the largest provider of industrial space in Reno/Sparks, with a platform of more than 105 facilities and 16.4 million square feet. Additional ProLogis customers in the Reno/Sparks market include Barnes & Noble, Inc., Honeywell, UPS Logistics, Sherwin-Williams and AT&T Communications.
ProLogis is the world's largest owner, manager and developer of distribution facilities, with operations in 136 markets across North America, Europe and Asia. The company has $40.8 billion of assets owned, managed and under development, comprising 548 million square feet (51 million square meters) in 2,898 facilities as of September 30, 2008. ProLogis' customers include manufacturers, retailers, transportation companies, third-party logistics providers and other enterprises with large-scale distribution needs. For additional information about the company, go to http://www.prologis.com.
Released January 8, 2009