X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

RENO, NV-Hobbico Inc., a distributor of radio-controlled products has renewed a 198,000-sf distribution lease with ProLogis. The building that houses Hobbico is one of six ProLogis owns within the South Meadows Business Park near the Reno-Tahoe International Airport and Highway 395, a major north-south route connecting Nevada and California.

Hobbico first occupied the building in mid-2001. Hobbico uses the facility for regional distribution in the Western US. Other tenants in the park include Russell Stover, Baker & Taylor, International Gaming Technology, AT&T, ARAMARK and Alcon Pharmaceuticals. The lease details were not immediately available; generally speaking, lease rates for existing warehouse buildings in the area range from $0.31 to $0.34 per sf (NNN).

Hobbico is the world’s leading wholesale and retail distributor of radio-control hobby products. Based in Champaign, Illinois, the company’s proprietary brands include Duratrax, Top Flite, Flyzone, AquaCraft Models, Great Planes, Tower Hobbies and Revell. Established in 1973, the distributor carries over 60,000 items from more than 400 manufacturers.

ProLogis is one of the largest providers of industrial space in Reno/Sparks, with 106 facilities totaling 16.4 million sf. ProLogis tenants in the market include Honeywell, Nestle, Barnes & Noble, Sherwin-Williams, Kuehne + Nagel and AT&T Communications.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.