RENO, Nev. (Oct. 16, 2014) – The Economic Development Authority of Western Nevada (EDAWN), AEW Capital Management and Panattoni Development Company, Inc. announced today at a groundbreaking ceremony that Petco, a San Diego-based company and leading national pet specialty retailer, is constructing a new Distribution Center in Reno, Nevada. The new facility is expected to bring up to 150 jobs to the area.
The facility will boast more than 770,000 square feet of space and support retail stores in Petco’s Western region, as well as the company’s e-commerce customers shopping at Petco.com. The company plans to fill a number of full-time and part-time positions at the new Distribution Center, including managerial, engineering, maintenance, finance, human resources, clerical and warehouse jobs.
Panattoni Development started construction on the project in September 2014, with completion scheduled for May 2015. The state-of-the-art facility will include energy-efficient infrastructure in order to obtain LEED Silver designation.
“This new Distribution Center is another exciting milestone in Petco’s ongoing growth story,” said Mark Hilborn, Petco’s Senior Vice President of Supply Chain. “After careful review of several locations, we determined that Reno would allow us to maintain efficient operating costs, and best service our retail store teams, so they can serve our pet parent customers.”
AEW Capital Management is developing the facility on behalf of one of its institutional clients. AEW will work with Panattoni Development and Alston Construction to build the facility. Other partners involved in the transaction include Cushman and Wakefield of Massachusetts, Reno Property Management, and Lewis Roca Rothgerber. A special thank you is also offered to the Echeverria family for their patience and diligence in helping bring this project to fruition.
“We are excited to welcome Petco, a nationally recognized and highly respected company to the region,” said Mike Kazmierski, CEO of EDAWN. “Petco joins a long list of retail and e-commerce companies that choose Reno, in large part, to take advantage of our strategic location as the Center of the West for distribution.”
Governor Brian Sandoval made the announcement today at a groundbreaking event held at the site of the new Petco distribution facility near Highway 395 and Red Rock Road. Also in attendance were Nevada Lieutenant Governor Brian Krolicki, Reno Mayor Bob Cashell and other city officials.
For more information about EDAWN, visit www.edawn.org. For more information about Petco, visit www.petco.com.
The Economic Development Authority of Western Nevada is a private/ public partnership established in 1983 committed to recruiting, expanding and supporting newly forming quality companies that bring jobs to the region and have a positive impact on the quality of life in Greater Reno-Sparks-Tahoe.
About Petco and the Petco Foundation
Petco is a leading pet specialty retailer that focuses on nurturing powerful relationships between people and pets. We do this by providing the products, services, advice and experiences that keep pets physically
fit, mentally alert, socially engaged and emotionally happy. Everything we do is guided by our vision for Healthier Pets. Happier People. Better World. We operate more than 1,300 Petco locations across the U.S., Mexico and Puerto Rico, including more than 100 Unleashed by Petco locations, a smaller format neighborhood shop; 10 Pooch Hotel destinations for pet daycare, boarding and spa services; and petco.com. The Petco Foundation, an independent nonprofit organization, has raised more than $125 million since it was created in 1999 to help promote and improve the welfare of companion animals. In conjunction with the Foundation, we work with and support thousands of local animal welfare groups across the country and, through in-store adoption events, help find homes for more than 400,000 animals every year.
About Panattoni Development Company, Inc.
Panattoni Development Company is a privately held, full-service development company founded in 1986. The firm has completed in excess of 200 million square feet of commercial projects worldwide. Panattoni has developed industrial, office and flex facilities in 278 cities located in 29 states and nine countries. The firm is headquartered in California and maintains offices throughout the United States, Canada and Europe.
About AEW Capital Management
Founded in 1981, AEW Capital Management, L.P. (AEW) provides real estate investment management services to investors worldwide. One of the world’s leading real estate investment advisors, AEW and its affiliates manage over $52.8 billion of property and securities in North America, Europe and Asia (as of June 30, 2014). Grounded in research and experienced in the complexities of the real estate and capital markets, AEW actively manages portfolios in both the public and private property markets and across the risk/return spectrum. AEW and its affiliates have offices in Boston, Los Angeles, London, Paris, Singapore and Hong Kong, as well as additional offices in nine European cities. For more information please visit www.aew.com Founded in 1981, AEW Capital Management, L.P. (AEW) provides real estate investment management services to investors worldwide. One of the world’s leading real estate investment advisors, AEW and its affiliates manage over $39 billion of capital invested in $52.8 billion of property and securities in North America, Europe and Asia (as of June 30, 2014). Grounded in research and experienced in the complexities of the real estate and capital markets, AEW actively manages portfolios in both the public and private property markets and across the risk/return spectrum. AEW and its affiliates have offices in Boston, Los Angeles, London, Paris, Singapore and Hong Kong, as well as additional offices in nine European cities. For more information please visit www.aew.com
About Cushman & Wakefield
Cushman & Wakefield advises and represents clients on all aspects of property occupancy and investment. Founded in 1917, it has 250 offices in 60 countries, employing more than 16,000 professionals. It offers a complete range of services to its occupier and investor clients for all property types, including leasing, sales and acquisitions, equity, debt and structured finance, corporate finance and investment banking, appraisal, consulting, corporate services, and property, facilities, project and risk management. www.cushmanwakefield.com
EDAWN Marketing Coordinator,