Cushman & Wakefield Arranges 50,000-Sq.-Ft. Lease for 3G Distribution

New Entry into the Reno/Sparks Market for Third-Party Logistics Company
 
Oct. 9, 2012 - PRLog -- 3G Distribution has leased 50,000 square feet at 745 Coney Island Drive in the Coney Island Industrial Park, Building 10. The Edison, N.J.-based Cushman & Wakefield team of Daniel Badenhausen, senior director, and Andrew Stypa, senior director, working with Brian Armon, managing partner of Commerce Real Estate Solutions in Reno, represented 3G Distribution, a client, and the landlord.

With the signing, 3G Distribution, based in Farmingdale, N.Y., marks its entry into the Reno/Sparks market. The third-party logistics company, specializing in integrated operations, warehousing and transportation services, is expanding its distribution operation on the west coast.  

"3G's site search spanned the entire region, and this site met all of the company's requirements," said Badenhausen. "The Reno/Sparks area provided the perfect access point for where 3G is conducting business on the West Coast."

"Reno/Sparks is a good growth area for our firm," said Larry Frisina, president of 3G Distribution. "Geographically, we can reach 13 western states, and 11 of them are just a one-day drive. As a result, it's an ideal location for our East Coast customers to distribute their products faster and more economically." As a distributor of finished products for a variety of customers, the firm is currently looking at industrial sites in southern Florida. Along with the Sparks warehouse, the company operates facilities in New York, New Jersey, and California.

The signing comes as the Reno/Sparks industrial market continues to improve. The area remains a tenant/buyer market with rents and sale prices remaining stable
End
Source:Caryl Communications, Inc.
Email:***@caryl.com
Posted By:***@caryl.com Email Verified
Phone:201-796-7788
Zip:07073
Tags:Nevada Real Estate, Commercial Leasing, Cushman And Wakefield
Industry:Real Estate, Business
Location:sparks - Nevada - United States
Account Email Address Verified     Account Phone Number Verified     Disclaimer     Report Abuse
? News
Trending
Daily News
Weekly News



Like PRLog?
9K2K1K
Click to Share