Tuesday, April 21, 2009

Revitalized by Aces

Posted by: Scott Shanks, SIOR
Senior Vice President Office Properties Group
775 336 4671

During his career, Scott has worked with clients such as: Barnes & Noble, GM, Merck Pharmaceutical, Henry Schein, Home Depot and Ahold to facilitate their real estate needs.

It’s been a long time coming…..and now worth the wait. The Reno Aces had their season opener on April 17th and the house was packed. The reception of the new ballpark has been tremendous and the attendance thus far has proved that this type of venue was exactly what the area has had a thirst for. How will this affect the surrounding area from a commercial real estate perspective? Well…the phone is already ringing and interest is coming in from both leasing and purchasing prospects looking for office, retail and service oriented company’s. With attendance of over 9,000 per game over the opening weekend, it’s hard to ignore the excitement and visibility that will be created for surrounding properties to the ballpark and the value that will be created as a result. Look for ground up development and rehab projects in the retail sector first, with office product to follow in the future.

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