RENO, Nev. (November 21, 2025) — In its first year of operation, the Airway Commerce Center continues to demonstrate strength and staying power, with nearly 60% of its 890,000 square feet now leased. Situated just south of the Reno-Tahoe International Airport, the strategic location of the commercial complex developed by Tolles has proven pivotal for tenants seeking modern logistics, manufacturing and distribution space in the heart of Northern Nevada.
“Despite a flat industrial climate, Airway’s progress speaks volumes about the market’s confidence in both the product and the Tolles approach,” said Kyle Rea, partner at Tolles. “Our tenant mix includes varied, stable industries, from advanced manufacturing to wellness and reflects Reno’s long-term potential as a Western hub for business growth.”
According to CBRE’s Q3 2025 Industrial Figures report, the Reno industrial market as a whole has plateaued amid an uncertain economic climate, showing modest absorption of 130,000 square feet and an 11.7% vacancy rate. Within this context, Airway’s continued leasing velocity stands out as a bright spot.
The Airway Commerce Center’s proximity to the Reno-Tahoe International Airport positions the development as a natural extension of the region’s growing logistics and business ecosystem. As the airport undergoes its billion-dollar expansion in the coming years, the value of Airway Commerce Center’s location will only increase over time.
Current tenants include a range of national and global leaders:
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Arrow Electronics – 200,000 sq. ft. | Global provider of electronic components and supply chain solutions.
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Marvin – 113,000 sq. ft. | Manufacturer of high-quality, innovative windows and doors.
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Assa Abloy – 40,000 sq. ft. | Global leader in secure access and intelligent entry systems.
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Buckeye Corrugated – 100,000 sq. ft. | Custom corrugated packaging, design and manufacturing partner.
Other tenants include Sierra Airfreight Express, GForce Arms, Joovv, Once Upon a Child, PerformanceEDU and Kime Performance Physical Therapy, reflecting a healthy balance of industrial, service and community-based users.
“Our team remains confident in the long-term trajectory of both Airway Commerce Center and the greater Reno market,” said Rea. “We’ve built a resilient property designed for adaptability and growth, and we’re seeing that strategy validated as new tenants continue to choose Airway as their landing spot in Northern Nevada.”
For more information about Tolles and its developments, visit tollesdevelopment.com.
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About Tolles
Tolles develops, owns, and manages industrial, office, retail and hospitality properties in the Western U.S. delivering thoughtful development that strengthens communities. Built on years of hard-won industry experience and a belief in Nevada’s prosperous future, Tolles understands what it takes to help business owners lay down the roots they’ll need to succeed—all the while honoring Nevada’s unique spirit. Learn more at tollesdevelopment.com
