Ridge Property Trust Bolsters Economic Development in the South Texas Region

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Company Leases More Than 170,500 Square Feet to Area Businesses, Adding 50 Local Jobs

Ridge Property Trust is committed to supporting the business environment and economic development of the communities we serve.

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Ridge Property Trust, a private REIT specializing in industrial property development and management, today announced it has leased more than 170,500 square feet of commercial property at several of its Ridge Commerce Centers in McAllen and Mission, Texas. The companies – Fisher & Paykel, FAMSA and Cebal – will operate from within Ridge facilities beginning November 2010, and will bring more than 50 new jobs to the South Texas region.

This supports the growing economic environment in South Texas, and follows leasings of more than 218,812 square feet in April 2010, at Ridge’s facilities in the Sharyland Business Park in McAllen, Texas.

Fisher & Paykel, FAMSA and Cebal will all operate from within separate Ridge facilities in the South Texas region:

  •     Fisher & Paykel, a maker of innovative household appliances, will operate out of the Ridge Commerce Center Sharyland II, located at 4401 Wanda Rd. in McAllen, Texas.
  •     FAMSA, a leading company selling products and services on credit, will be based within Ridge Commerce Center North at Sharyland located at 4101 E. Military Hwy in Mission, Texas.
  •     Cebal (formerly Alcan Beauty Packaging), the world’s leading supplier of tube, fragrance and cosmetics plastic packaging, will operate from Ridge Commerce Center Sharyland III located at 5300 George McVay in McAllen, Texas.

The Sharyland Business Parks, located near the Miller International Airport, serve as a logistics hub, allowing companies efficient transportation to and from Mexico, as well as quick access to both Highway 281 and U.S. Route 83. The industrial developments are also near the newly-opened Anzalduas International Bridge, which provides an essential link to and from Reynosa, Mexico, and further south to Monterrey, Mexico.

“Ridge Property Trust is committed to supporting the business environment and economic development of the communities we serve,” said Kent Newsom, vice president at Ridge Property Trust. “Our strategic locations at the borders of Texas and Mexico, along with our state-of-the-art amenities, help us provide companies with operational advantages that facilitate all of their warehouse, distribution and manufacturing space needs.”

Fisher & Paykel, FAMSA and Cebal join a list of top companies that operate within Ridge facilities for regional operations, including Andrew LLC, ARC Automotive Inc., Karlee Inc., and Sharp Electronics. The buildings leased to these companies feature office space and power-to-suit, 28-foot clear ceiling heights, side loading docks, 50-foot by 50-foot bay spacing and ESFR fire sprinkler systems.

Terms for the 170,500 square foot leasings have not been disclosed.

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.

Paul Newmann, Fleishman-Hillard
(312) 729-3647 (office)

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