Bi Nutraceutical, Inc. has leased 140,000 square feet of distribution space from Global Logistic Properties in the Patrick Industrial Park located within the Tahoe-Reno Industrial Center in McCarran.
Established in 1977, Bi Nutraceutical is a supplier of botanical ingredients for use in dietary supplements, food and beverage, pharmaceuticals, personal care, and pet care products. They manufacture and supply products including botanical powders, teas, extracts, vitamins, minerals, amino acids and others.
David Cantwell, executive vice president with JLL brokerage firm, represented the tenant in the transaction. J. Michael Hoeck, along with Dave Simonsen, Steve Kucera, and Michael Nevis, of The NAI Alliance Industrial Properties Group represented the landlord..
Global Logistic Properties is a global provider of modern logistics facilities. In February 2015, GLP acquired an $8.1 billion portfolio in the United States, adding to its existing $19 billion portfolio across China, Japan and Brazil.
