TB Woods, Inc. Signs Long-term Lease with Miller Industrial Properties0

Posted by Thomas Miller, CCIM

 TB Woods, Inc. Signs Long-term Lease with Miller Industrial Properties

Reno, Nevada (June 24, 2013) – TB Woods, Inc., recently signed a new long-term lease at 690 Overmyer Road in Sparks, Nevada. The 150-year-old company, a division of internationally based Altra Motion, Inc., distributes belted drive systems and coupling systems and looked to Miller Industrial Properties in Reno for assistance in locating and securing its new location.

“Tom Miller was highly aware of market conditions and streamlined our search process,” said Edward Novotny, president of TB Woods. “The lease transaction went smoothly and we have a new location that suits us perfectly and reduces our fixed operating costs as well.”

The company’s existing warehouse facility has become outdated and was too large for its current business model. TB Woods expects to occupy the new 17,600 square foot facility by late summer.

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About the Author

Thomas Miller, CCIM

Thomas Miller, CCIM is the president and broker of Miller Industrial Properties in Reno, Nevada. He has worked in industrial real estate since 1991, with 15 years of previous experience designing and building industrial warehousing and manufacturing facilities in the northern Nevada market. Contact Tom at tom@mipnv.com or 775-742-9891.

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