McAllen, Texas (PRWEB) April 27, 2010
Ridge Property Trust, a private REIT specializing in industrial property development and management, today announced leasings totaling 218,812 square feet, including recently signed Andrew Corporation and Karlee Company at the company’s properties at Sharyland Business Park in McAllen, TX.
This comes on the heels of significant leasing activity in 2009 of 78,500 square feet to ProTrans International and ProTrans Reynosa at Ridge facilities in McAllen, TX and Reynosa, MX.
The Sharyland Business Park, located near the Miller International Airport, serves companies as a logistics hub that allows efficient transportation to and from Mexico, as well as quick access to both Highway 281 and U.S. Route 83. The industrial development is also near the newly opened Anzalduas International Bridge which provides an essential link to and from Reynosa, MX, and further south to Monterrey, MX.
“Ridge Property Trust combines state-of-the-art amenities with superior locations, which provides organizations with operational advantages and efficiencies for distribution of their products,” said Kent Newsom, vice president at Ridge Property Trust. “Ridge has continued to attract organizations that see the value of locating in the McAllen/Reynosa area. We look forward to our association with these businesses as we welcome them to the growing group of companies that have selected Ridge Property Trust for their warehouse, distribution and manufacturing space needs.”
Andrew Corporation, Karlee Company, ProTrans Intl., and ProTrans Reynosa join a list of top companies that operate out of Ridge facilities for regional operations, including Sharp Electronics, Black & Decker and ARC Automotive. The buildings leased to these companies feature office area and power to suit, 28-foot clear ceiling heights, side loading docks, 50-foot by 50-foot bay spacing and ESFR fire sprinkler systems.
Paul Douglass and Joshua Aguilar, Grubb & Ellis|Select, represented Ridge Property Trust. Terms for the 218,812 square foot leasings have not been disclosed.
Paul Newmann, Fleishman-Hillard
(312) 932-2837 (office)
About Ridge Property Trust
Ridge Property Trust (Ridge), a privately-held real estate investment trust (REIT) with ongoing industrial development in the United States and Mexico, is a leading provider of commercial real estate development services. Combining immediate access to key local decision makers with a highly responsive and streamlined organization, Ridge provides a competitive advantage that makes acquisition and development cost-efficient, customized, and customer-focused. Backed by institutional investors advised by Prudential Real Estate Investors (PREI®), Ridge Property Trust delivers senior executives armed with exceptional local knowledge, worldwide institutional power, discipline, and access to capital – ensuring the best value for brokers, sellers and end users alike. Ridge Property Trust is based in Chicago and has regional offices throughout the United States. For more information, visit http://www.rptrust.com or call (562) 856.3819.