Ridge Property Trust prides itself in expanding with the businesses and communities we serve
Monterrey, Mexico (PRWEB) November 29, 2010
Ridge Property Trust (Ridge), a private REIT specializing in industrial property development and management, today announced that IMS Buhrke-Olson has elected to expand its facility at La Silla Apodaca Industrial Park in Apodaca, Nuevo Leon, Mexico – northeast of Monterrey, Mexico. This development will increase the amount of business being conducted at the facility and is expected to create more than 50 local jobs.
The expansion will add 97,682 square feet to the IMS Buhrke-Olson facility at La Silla Apodaca Industrial Park, bringing the company’s total building size to 142,559 square feet. IMS Buhrke-Olson will immediately occupy 71,025 square feet of the expansion and has secured the remaining 26,657 square feet for planned future growth. Additionally, the newly expanded development offers immediate employment opportunities to the local labor force in Apodaca, Nuevo Leon, Mexico.
La Silla Apodaca Industrial Park, located near the Monterrey General Mariano Escobedo International Airport, serves as a logistics hub, offering companies efficient transportation between the United States and Mexico, as well as quick access to major roads and highways throughout the region. The newly expanded facility features office space and power-to-suit, 25-foot clear ceiling heights, side loading docks and 290-foot by 110-foot bay spacing.
“Ridge Property Trust prides itself in expanding with the businesses and communities we serve,” said Kent Newsom, vice president at Ridge Property Trust. “Our local partnerships and continued developments within Mexico and along the U.S.–Mexico border help to provide growing companies with logistical advantages that increase the efficiency of their warehouse, distribution and manufacturing facilities.”
IMS Buhrke Olson is a highly regarded source of tooling and metal stamping, headquartered in Lombard, Ill., United States, with additional facilities in Downers Grove, Ill. and Monclova, Coahuila, Mexico.
IMS Buhrke Olson LLC joins a list of top companies that operate within La Silla Apodaca Industrial Park for regional operations, including Nitto Denko, AWECO and Morrison Products Inc.
Paul Douglass and Gerardo Pasaret, Grubb & Ellis|Select, represented Ridge Property Trust.
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 (972)-550-6100.