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The company’s existing warehouse facility has become outdated and was too large for its current business model.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.