Kenco’s JDK Real Estate LLC unit has signed a lease with Valeant Pharmaceuticals International for 120,000 sq ft of expanded and improved warehouse space in Chattanooga.
According to Wilson McGinness, leasing director, JDK Real Estate, “We are delighted that Valeant decided to expand its space with JDK.” Valeant will occupy the entire facility, which provides sufficient capacity for its pharmaceutical distribution requirements.
The benefits for Valeant include fully air conditioned space with fire suppression technology and improved electrical systems. Kenco Logistic Services will continue to manage all Valeant’s North American warehousing and distribution activities, and Kenco Transportation Services will continue to provide all transportation management services for domestic transport.
“I’m confident that a deciding factor of this arrangement was our experience in managing and our ability to perform the necessary tenant improvements. It’s a credit to our facilities management team,” McGinness says.
Valeant Pharmaceuticals International, Inc. is a multinational specialty pharmaceutical company that develops, manufactures, and markets a broad range of pharmaceutical products primarily in the areas of neurology, dermatology, and branded generics. For more information, visit www.valeant.com.
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