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Hobbico Renews 200,000-SF Distribution Lease

RENO, NV-The wholesale and retail distributor of radio-controlled products renews its lease for a ProLogis-owned warehouse within the South Meadows Business Park.

By Brian K. Miller | Updated on June 12, 2008

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).

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