NationsRent Companies announced last week that it has been granted an option to extend all of its store leases with Lowe's Companies through 2010, with an additional two-year extension through 2012 subject to Lowe's approval.
Jeff Putman, NationsRent CEO, stated, "Rental and service trends show that the Lowe's locations contribute significantly to our growing marketshare with homeowners and small contractors, and we are pleased to continue to offer rental services at Lowe's convenient locations."
As of November 2005, the company operated 100 locations at Lowe's home improvement stores. Every NationsRent at a Lowe's store offers customers access to the same full line of equipment they could rent from stand-alone NationsRent locations, as well as even larger equipment than typically offered, seven days a week.
Fort Lauderdale, Fla.-based NationsRent is No. 6 on the RER 100.
