Dermody Properties, owners of LogistiCenter at 395, sold the building to Uline on Oct. 29 for an undisclosed price, a company spokesperson confirmed in an email to the NNBW.
According to the Washoe County Recorder’s Office, the building’s value at the time of the sale was $54.6 million.
Uline’s expanded facility is slated to open in January, Wayer told the NNBW this week.
“The site will allow us to better serve our customers in Northern Nevada, Northern California and Utah,” said Wayer, noting the company’s other western locations are Los Angeles and Seattle. “Reno was a great fit from both a geographical and talent recruitment standpoint.”
To that end, Uline’s new facility is expected to bring 200 jobs to the area, Wayer said. Warehouse associate positions will range from $19 to $25 per hour, and all employees receive annual bonuses over $6,000, he noted.
Wayer added that the company is also recruiting for management and specialty roles.
A family-owned business since 1980, Uline is a distributor of shipping, industrial and packaging materials to businesses throughout North America. The company, which offers same-day shipping on more than 37,500 products from its 812-page catalog and ecommerce website, has over 7,000 employees across 11 locations.