- Q4 absorbtion nearly quadrupled quarter over quarter measures
- Net absorbtion in 2013 was over 5x the 2012 net absorbtion at 202,244 square feet
- Overall vacancy is down to 13.64%
- Quality spaces in Class A buildings are at a premium, resulting in developers planning speculative building projects
- Notable transactions:
- Custom Ink, 50,000 square feet in the Reno Tech Center (100% occupancy)
- LP Insurance, 22,000 square feet at Park Center Tower in Downtown (close to 100% occupancy
Showing posts with label Northern Nevada Relocation. Show all posts
Showing posts with label Northern Nevada Relocation. Show all posts
Monday, January 20, 2014
NAI Alliance Releases Q4 2013 Office Market Report
A good end to the year for the Northern Nevada Office Market. The office market in Northern Nevada continued to improve at a rate not seen since the start of the recession in Q3 and Q4 2013. Here are a few of the highlights from the report.
Tuesday, January 14, 2014
NAI Alliance Retail Group Releases Q4 2013 Market Report
The NAI Alliance Retail Properties Group has released its Q4 2013 Northern Nevada Retail Market Report. Here are some of the salient points from the report:
- Overall vacancy rates decreased slightly to 17.45%
- Anchor space vacancy is currently at 13.79%
- In-line shops decreased in vacancy to 22.8%
- There were 23 tenants moving into space in Q4 2013 resulting in 74,406 square feet of new leases.
- In 2013, net absorbtion was 117,873 square feet and gross absorbtion was 465,798 square feet.
- There were 4 significant investment sales in the second half of 2013, including the Sparks Galleria which sold for $26.2 Million.
Wednesday, December 18, 2013
NAI Alliance Represents Both Sides in Sale of 61,000sf Building in Reno
Another good win continuing the momentum heading into 2014 as the NAI Alliance Industrial Properties Group of Dave Simonsen, Senior Vice President, SIOR, CCIM, J. Michael Hoeck, Senior Vice President, SIOR, Michael Nevis, Senior Vice President, CCIM, and Steve Kucera, Industrial Specialist recently completed the sale of the 61,152 square foot manufacturing facility at 400 Western Road in Reno, Nevada. The stand alone facility is situated over 5.0 acres of land.
NAI Alliance’s Dan Oster, Senior Vice President, SIOR represented the new owners of the building, ECO Windows. ECO Windows is relocating to the new, larger facility from their current location in Sparks, NV.
The industrial market has seen a great deal of activity in the last two quarters of 2013. Cautiously optimistic on the recovery, as we like to say, but very encouraging activity as we close 2013 and look forward to 2014.
NAI Alliance’s Dan Oster, Senior Vice President, SIOR represented the new owners of the building, ECO Windows. ECO Windows is relocating to the new, larger facility from their current location in Sparks, NV.
The industrial market has seen a great deal of activity in the last two quarters of 2013. Cautiously optimistic on the recovery, as we like to say, but very encouraging activity as we close 2013 and look forward to 2014.
NAI Alliance Office Team Secures Exclusive Listing for One East Liberty Street
Scott Shanks SIOR, along with his
partner Dominic Brunetti, CCIM have secured the exclusive lease listing
for One East Liberty Street in downtown Reno, NV. The six-story downtown professional
office building is 96,832 square feet. The lease price is $1.65 up to
$1.90 per square foot.
The owners of One East Liberty have renovation plans for the 96,832 square foot building currently in progress. The owners have commenced on a $1.8 Million renovation project to modernize the building over the course of the 6-month project. The $750,000 Phase I ‘Green” renovation started in mid-August and was completed in early-October helping the building achieve 97% energy efficiency.
The in-progress Phase II plans call for lobby expansion, new building finishes, elevator enhancements, and new landscaping that is expected to be completed by December 2013.
With construction beginning in January 2014, Phase III includes an addition of a new 1,800 square foot retail building facing Virginia Street for a coffee and quick food establishment. Phase III will also feature a large landscaped outdoor seating/plaza area for tenants of One East Liberty and other downtown patrons.
The owners of One East Liberty have renovation plans for the 96,832 square foot building currently in progress. The owners have commenced on a $1.8 Million renovation project to modernize the building over the course of the 6-month project. The $750,000 Phase I ‘Green” renovation started in mid-August and was completed in early-October helping the building achieve 97% energy efficiency.
The in-progress Phase II plans call for lobby expansion, new building finishes, elevator enhancements, and new landscaping that is expected to be completed by December 2013.
With construction beginning in January 2014, Phase III includes an addition of a new 1,800 square foot retail building facing Virginia Street for a coffee and quick food establishment. Phase III will also feature a large landscaped outdoor seating/plaza area for tenants of One East Liberty and other downtown patrons.
Wednesday, December 11, 2013
NAI Alliance Industrial Properties Group Secures 60,000 SF Lease in the Reno Aircenter
The industrial market in Northern Nevada continues to see a positive uptick in 2013.
The NAI Alliance Industrial Properties Group of J. Michael Hoeck, Senior Vice President, SIOR, Dave Simonsen, Senior Vice President, SIOR, CCIM, Michael Nevis, Senior Vice President, CCIM, and Steve Kucera Industrial Specialist has recently secured a 10-year, 60,000 square foot lease for Winzer Corporation at 4795 Longley Lane in Reno, NV.
The space is part of the 13MM square foot portfolio IndCor operates in Reno.
Winzer Corporation has been in Northern Nevada since 2004. Winzer opened a regional distribution center in Sparks, NV to expedite services to their west coast franchises and their customers.
The move to a new 60,000 square foot location provides additional space to accommodate their growth. The facility will also feature enhanced automation and fulfillment solutions as well as storefront capabilities.
The NAI Alliance Industrial Properties Group of J. Michael Hoeck, Senior Vice President, SIOR, Dave Simonsen, Senior Vice President, SIOR, CCIM, Michael Nevis, Senior Vice President, CCIM, and Steve Kucera Industrial Specialist has recently secured a 10-year, 60,000 square foot lease for Winzer Corporation at 4795 Longley Lane in Reno, NV.
The space is part of the 13MM square foot portfolio IndCor operates in Reno.
Winzer Corporation has been in Northern Nevada since 2004. Winzer opened a regional distribution center in Sparks, NV to expedite services to their west coast franchises and their customers.
The move to a new 60,000 square foot location provides additional space to accommodate their growth. The facility will also feature enhanced automation and fulfillment solutions as well as storefront capabilities.
Friday, December 6, 2013
NAI Alliance Secures Exclusive Lease for Dunkin' Donuts - Sites Being Sought
Dunkin' Donuts is coming to Northern Nevada and they're looking to move quickly. Mark Keyzers, Senior Vice President of the NAI Alliance Retail Properties Group recently completed the exclusive lease agreement with Dunkin’ Donuts.
Dunkin’ Donuts is currently seeking sites for the nine new store locations from existing land and property owners throughout Northern Nevada. With this agreement between HT2 Franchising and Dunkin’ Donuts, all franchise opportunities are sold out in Reno.
For more information on locations and planning, please contact Mark Keyzers, the exclusive leasing agent, at (775) 336-4663 for details and requirements.
Dunkin’ Donuts is currently seeking sites for the nine new store locations from existing land and property owners throughout Northern Nevada. With this agreement between HT2 Franchising and Dunkin’ Donuts, all franchise opportunities are sold out in Reno.
For more information on locations and planning, please contact Mark Keyzers, the exclusive leasing agent, at (775) 336-4663 for details and requirements.
Wednesday, November 20, 2013
NAI Alliance Releases Q3 2013 Office Market Report
The office market in Q3 2013 in Northern Nevada was exceptional. Signs in the quarter were that not only are new businesses moving to the area, many local businesses are expanding in Northern Nevada. While there are no promises that this will continue, there are activity indicators that we are moving ever-closer to at least a hint of normalcy as the rebound conitnues.
To read the entire report, click here.
Below are a few of the key points regarding the Northern
Nevada office market in Q3:
- In Q3, there was 105,000 square feet of space absorbed by local economic growth
- This number almost quadrupled absorbtion quarter over quarter
- This number nearly tripled absorbtion in all of 2012
- The overall vacancy rate is down to 13.9%·
- The South Meadows submarket led with 46,000 net square feet
- The downtown submarket absorbed nearly 30,000 net square feet
To read the entire report, click here.
Tuesday, November 5, 2013
NAI Alliance Office Group Secures Lease for Pacific Business Centers in Downtown Reno
A new entry into downtown Reno. Palo Alto-based Pacific Business Centers (PBC) has
secured a 13,000 square foot lease with One East Liberty, LLC, for their
recently announced expansion into Northern Nevada. This new expansion
will be Pacific Business Centers’ 17th location, and first in Nevada.
The NAI Alliance Office Properties Group, Scott Shanks, Senior Vice President, SIOR, and Dominic Brunetti, Senior Vice President, CCIM, represented the landlord, One East Liberty, LLC in the transaction.
PBC is one of the undisputed market leaders for on-demand office space in Northern California. PBC tends to cater to local businesses such as attorneys, consultants, start-ups, and small to medium size professional firms.
PBC will be occupying the entire 6th floor, 13,000 square feet, of One East Liberty. The signature tenant remains U.S. Bank. Tenant improvements and space renovations on the 6th floor have been completed and the official opening for PBC is November 1st.
PBC had been performing due diligence on the Northern Nevada market for over five (5) years before finally making the decision.
Click here to read the entire press release.
The NAI Alliance Office Properties Group, Scott Shanks, Senior Vice President, SIOR, and Dominic Brunetti, Senior Vice President, CCIM, represented the landlord, One East Liberty, LLC in the transaction.
PBC is one of the undisputed market leaders for on-demand office space in Northern California. PBC tends to cater to local businesses such as attorneys, consultants, start-ups, and small to medium size professional firms.
PBC will be occupying the entire 6th floor, 13,000 square feet, of One East Liberty. The signature tenant remains U.S. Bank. Tenant improvements and space renovations on the 6th floor have been completed and the official opening for PBC is November 1st.
PBC had been performing due diligence on the Northern Nevada market for over five (5) years before finally making the decision.
Click here to read the entire press release.
Thursday, October 31, 2013
Q3 2013 Retail Market Report Now Available
Recovery is continuing, however, history says we need to persevere and be prepared for a long run. A very slight increase in vacancy (.02%) in Q3 2013 is still nearly a full percentage point lower than Q2 2012.
The anchor space vacancy is currently at 13.52%. In-Line shops have increased in vacancy to 23.46% this quarter from 23.42% last quarter. Total net absorption for this quarter was a negative 7,162 square feet, while the gross absorption was 68,391 square feet.
New tenant locations and new investments are happening. Positive news for tenants is that there are good rates on good spaces available.
Many of the underlying statistics are improving. Housing value and consumer spending are trending higher, housing sales are increasing, while unemployment has dropped significantly. These numbers allude to an improving local economy.
Things are picking up, but we must be patient in the retail sector.
To read the entire report click here.
The anchor space vacancy is currently at 13.52%. In-Line shops have increased in vacancy to 23.46% this quarter from 23.42% last quarter. Total net absorption for this quarter was a negative 7,162 square feet, while the gross absorption was 68,391 square feet.
New tenant locations and new investments are happening. Positive news for tenants is that there are good rates on good spaces available.
Many of the underlying statistics are improving. Housing value and consumer spending are trending higher, housing sales are increasing, while unemployment has dropped significantly. These numbers allude to an improving local economy.
Things are picking up, but we must be patient in the retail sector.
To read the entire report click here.
Tuesday, October 8, 2013
Q3 Industrial Market Report Now Available
The third quarter of 2013 in the industrial market was exceptional here in Northern Nevada. The absorption of
industrial space in the Reno-Sparks market in the third quarter — 1.8 million
square feet — was more than five times greater than absorption in the same
quarter last year.
Bargains have nearly disappeared as the vacancy rate in industrial properties stands at 10.5 percent. That's nearly a 2% drop in vacancy rates. There were 9 transactions of more than 95,000 square feet.
So while we don't want to get too carried away, 2013 has continued to reward our cautious optimism in the industrial market. The fourth quarter is a bit more concerning with governmental activity creating some skepticism on when and where to grow. But right now, we will continue our optimism for Northern Nevada and the rebound we're seeing. Good for the economy. Good for jobs. Good for Northern Nevada.
Click here to download the entire report.
You can also view an article published by the Reno Gazette Journal on the news by clicking here.
Bargains have nearly disappeared as the vacancy rate in industrial properties stands at 10.5 percent. That's nearly a 2% drop in vacancy rates. There were 9 transactions of more than 95,000 square feet.
So while we don't want to get too carried away, 2013 has continued to reward our cautious optimism in the industrial market. The fourth quarter is a bit more concerning with governmental activity creating some skepticism on when and where to grow. But right now, we will continue our optimism for Northern Nevada and the rebound we're seeing. Good for the economy. Good for jobs. Good for Northern Nevada.
Click here to download the entire report.
You can also view an article published by the Reno Gazette Journal on the news by clicking here.
Tuesday, September 3, 2013
Myers Industries Moves Back to Sparks Facility - More Jobs to Northern Nevada
On the heels of the announcement of Aragh Group moving to McCarran, NV in the largest user transaction of the year to date, Myers Industries Lawn & Garden recently announced that they are returning to Sparks, NV.
Myers Industries owned the facility at 550 Spice Island - a property that had been brokered by the NAI Alliance Industrial Properties group of J. Michael Hoeck, SIOR, Dave Simonsen, SIOR, CCIM, and Michael Nevis, CCIM.
Myers initially moved out of the building in 2009, but as part of an asset reallocation, decided to move back to the area to get a better stronghold on their western states distribution, particularly in the Pacific Northwest.
Northern Nevada continues to be an attractive option for advanced manufacturing organizations. Skilled workforce, business friendly climate, and proximity and access to the Western United States are just a few of the reasons companies are moving in.
The combination of jobs being created in the next 6 months between Ardagh and Myers totals over 160. A summer of great news with more on the horizon. Fantastic work by the NAI Alliance Industrial Properties Group, EDAWN, and the Governor's Office of Economic Development in helping ensure that the future continues to be trending in a positive manner here in Northern Nevada.
Myers Industries owned the facility at 550 Spice Island - a property that had been brokered by the NAI Alliance Industrial Properties group of J. Michael Hoeck, SIOR, Dave Simonsen, SIOR, CCIM, and Michael Nevis, CCIM.
Myers initially moved out of the building in 2009, but as part of an asset reallocation, decided to move back to the area to get a better stronghold on their western states distribution, particularly in the Pacific Northwest.
Northern Nevada continues to be an attractive option for advanced manufacturing organizations. Skilled workforce, business friendly climate, and proximity and access to the Western United States are just a few of the reasons companies are moving in.
The combination of jobs being created in the next 6 months between Ardagh and Myers totals over 160. A summer of great news with more on the horizon. Fantastic work by the NAI Alliance Industrial Properties Group, EDAWN, and the Governor's Office of Economic Development in helping ensure that the future continues to be trending in a positive manner here in Northern Nevada.
Wednesday, August 28, 2013
NAI Alliance Industrial Team Represents Tenant - Ardagh Group - in Largest User Transaction Thus Far in 2013
Luxembourg-based Ardagh Group recently secured the $11.5 Million purchase of property at 900 Waltham Way, McCarran, NV in the Tahoe Reno Industrial Center. Dave Simonsen, CCIM, SIOR; J. Michael Hoeck, SIOR; and Michael Nevis, CCIM of the NAI Industrial Properties Team represented Ardagh Group in this transaction.
The purchase includes the acquisition of an existing 330,000 square foot Class A manufacturing facility and two 18 acre parcels on the east and west side of the building for future expansion. Ardagh Group had looked at 37 facilities in three (3) states before deciding on the new location in Northern Nevada.
The move will bring approximately 140 technical jobs to Northern Nevada throughout the next five years, including 72 jobs within the first six months. In addition to job stimulus for the area, Ardagh will have a total capital investment of close to $80 Million - $20 Million dedicated to building retrofitting and an additional $60 Million for equipment and installation. They’re expecting to produce nearly 3 Million cans per day from the state-of-the-art, advanced manufacturing facility beginning in January 2014.
Ardagh Group is a global leader in glass and metal packaging solutions for most of the world’s leading food, beverage and consumer brands. Ardagh Group generates $5.5 billion in worldwide sales and produces 32 billion containers annually for such customers as Coca-Cola, ConAgra, InBev and Bumble Bee Foods. The company has operations in 25 countries and employs 18,000 people in more than a hundred facilities.
The company’s U.S. metal packaging operations are based in Carnegie, Pa. In addition to the new facility in McCarran, NV, the company has facilities in Bloomsburg, PA, Weirton, WV, Conklin, NY, Terminal Island, CA, and the recently announced expansion in Roanoke, VA.
The purchase includes the acquisition of an existing 330,000 square foot Class A manufacturing facility and two 18 acre parcels on the east and west side of the building for future expansion. Ardagh Group had looked at 37 facilities in three (3) states before deciding on the new location in Northern Nevada.
The move will bring approximately 140 technical jobs to Northern Nevada throughout the next five years, including 72 jobs within the first six months. In addition to job stimulus for the area, Ardagh will have a total capital investment of close to $80 Million - $20 Million dedicated to building retrofitting and an additional $60 Million for equipment and installation. They’re expecting to produce nearly 3 Million cans per day from the state-of-the-art, advanced manufacturing facility beginning in January 2014.
Ardagh Group is a global leader in glass and metal packaging solutions for most of the world’s leading food, beverage and consumer brands. Ardagh Group generates $5.5 billion in worldwide sales and produces 32 billion containers annually for such customers as Coca-Cola, ConAgra, InBev and Bumble Bee Foods. The company has operations in 25 countries and employs 18,000 people in more than a hundred facilities.
The company’s U.S. metal packaging operations are based in Carnegie, Pa. In addition to the new facility in McCarran, NV, the company has facilities in Bloomsburg, PA, Weirton, WV, Conklin, NY, Terminal Island, CA, and the recently announced expansion in Roanoke, VA.
Thursday, August 22, 2013
Industrial Deals Painting a Bright Picture in Northern nevada
Ahead of today's new company announcement by EDAWN, the Northern Nevada Industrial Commercial Real Estate Market has been buzzing for the past few months.
Published by the Reno Gazette Journal this week was an article focusing on the Industrial market and the millions, yes millions, of square feet that has been occupied this summer. Dave Simonsen, Senior Vice President, Principal of the NAI Alliance Industrial Properties Group provided much of the commentary for the piece.
The main point is that, currently, companies are looking to expand. More importantly, they are looking at Northern Nevada as a very attractive option. A total of 38 transactions were closed in the second quarter of 2013 alone, bringing the vacancy rate down to 12.9%. Diversified Distribution Services, UTI/Starbucks, Arrow Electronics, and Jacobsen Companies are just a handful of the companies expanding in Northern Nevada.
Today, EDAWN will be announcing a company bringing close to 140 jobs to Northern Nevada, and will follow up on Monday with an announcement of a new company who will inject another 150 jobs to the market.
Good things are in the air for jobs and new business in Northern Nevada. Now if somehow we could get out of fire season....
You can view the entire article by the RGJ by clicking here.
Published by the Reno Gazette Journal this week was an article focusing on the Industrial market and the millions, yes millions, of square feet that has been occupied this summer. Dave Simonsen, Senior Vice President, Principal of the NAI Alliance Industrial Properties Group provided much of the commentary for the piece.
The main point is that, currently, companies are looking to expand. More importantly, they are looking at Northern Nevada as a very attractive option. A total of 38 transactions were closed in the second quarter of 2013 alone, bringing the vacancy rate down to 12.9%. Diversified Distribution Services, UTI/Starbucks, Arrow Electronics, and Jacobsen Companies are just a handful of the companies expanding in Northern Nevada.
Today, EDAWN will be announcing a company bringing close to 140 jobs to Northern Nevada, and will follow up on Monday with an announcement of a new company who will inject another 150 jobs to the market.
Good things are in the air for jobs and new business in Northern Nevada. Now if somehow we could get out of fire season....
You can view the entire article by the RGJ by clicking here.
Thursday, April 4, 2013
Tenants in the Damonte Ranch Town Center Growing with the Area - by NAI Alliance
(Excerpts of this article were published in the March 25,
2013 edition of Northern Nevada Business Weekly - Mark Keyzers, SVP
Principal of NAI Alliance Retail Property Group contributed to the piece)
The Damonte Ranch Town Center, on the northeast corner of Damonte Ranch Parkway and Steamboat Parkway in Reno, is proud to announce a number of locally owned tenants at the growing retail development. The property is being developed by Lewis Retail Centers, a member of the Lewis Group of Companies, and represented by NAI Alliance of Reno.
A total of six new tenants have opened for business in the development: Mattress Discounters, Mountain America Credit Union, Moana Dental Care, the Damonte Ranch Animal Hospital, Twisted Fork, and Asian Paradise have all recently moved into the development anchored by the Home Depot and RC Willey. Damonte Ranch Town Center features other businesses such as Starbucks, CVS, McDonalds, High Sierra Cycling, Vino 100, and 7-Eleven to name a few.
The development now has over 85% of its completed space occupied, according to Gigi Chisel, Vice President Northern Nevada Development for Lewis Operating Corp. “Despite the challenges of our local economy, we could not be more pleased........" Click here to read the entire article from NAI Alliance.
The Damonte Ranch Town Center, on the northeast corner of Damonte Ranch Parkway and Steamboat Parkway in Reno, is proud to announce a number of locally owned tenants at the growing retail development. The property is being developed by Lewis Retail Centers, a member of the Lewis Group of Companies, and represented by NAI Alliance of Reno.
A total of six new tenants have opened for business in the development: Mattress Discounters, Mountain America Credit Union, Moana Dental Care, the Damonte Ranch Animal Hospital, Twisted Fork, and Asian Paradise have all recently moved into the development anchored by the Home Depot and RC Willey. Damonte Ranch Town Center features other businesses such as Starbucks, CVS, McDonalds, High Sierra Cycling, Vino 100, and 7-Eleven to name a few.
The development now has over 85% of its completed space occupied, according to Gigi Chisel, Vice President Northern Nevada Development for Lewis Operating Corp. “Despite the challenges of our local economy, we could not be more pleased........" Click here to read the entire article from NAI Alliance.
Friday, March 22, 2013
Video Gaming Tech to Bring More Jobs to Northern Nevada - NAI Alliance
Another story on growth in the area. Always a good topic to write about.
In August, NAI Alliance Office Properties Group of Scott Shanks, SIOR, Dominic Brunetti, CCIM, and Chase Whittemore, MS represented Video Gaming Technologies when they expanded their office space from 9,950 square feet to now close to 18,000 square feet in the NevDex Office Park located at 5390 Kietzke Lane in Reno, Nevada.
Now the company has arrived. With their official grand opening yesterday, VGT, a Tennessee-based gaming technology company, announced that they're ready to continue their growth. More jobs to northern Nevada, more good news. VGT has already brought 40 jobs to the area and have an eye on adding close to 30 more professional positions.
The Company cited the depth of talent in the Reno market was key to their expansion. This is just another in a series of stories of companies who are seeing the value of northern Nevada. We're all in for the revitalization of the area, and signs are pointing towards the positive - new businesses, expanding businesses, job growth.
With the collective help of EDAWN and other organizations, Spring in northern Nevada is happening.
The RGJ published a great article here, and you can see the piece KRNV News 4 did on yesterday's grand opening here.
In August, NAI Alliance Office Properties Group of Scott Shanks, SIOR, Dominic Brunetti, CCIM, and Chase Whittemore, MS represented Video Gaming Technologies when they expanded their office space from 9,950 square feet to now close to 18,000 square feet in the NevDex Office Park located at 5390 Kietzke Lane in Reno, Nevada.
Now the company has arrived. With their official grand opening yesterday, VGT, a Tennessee-based gaming technology company, announced that they're ready to continue their growth. More jobs to northern Nevada, more good news. VGT has already brought 40 jobs to the area and have an eye on adding close to 30 more professional positions.
The Company cited the depth of talent in the Reno market was key to their expansion. This is just another in a series of stories of companies who are seeing the value of northern Nevada. We're all in for the revitalization of the area, and signs are pointing towards the positive - new businesses, expanding businesses, job growth.
With the collective help of EDAWN and other organizations, Spring in northern Nevada is happening.
The RGJ published a great article here, and you can see the piece KRNV News 4 did on yesterday's grand opening here.
Wednesday, March 20, 2013
NAI Alliance Represents Landlord in Deal to Bring Zuvo Water to Northern Nevada
Another step in the right direction for northern Nevada as Zuvo Warter is moving its headquarters to the area. Currently with a staff of 4, the company plans to increase its employee base to 20-25 by the end of the year.
Zuvo is another company that has sprung up and is committed to long-term growth in Nevada. The company is currently in the process of moving its headquarters from Mountain View, CA to the area, and expects to be operational in April.
Michael Nevis, Senior Vice President/Principal of the NAI Alliance Industrial Properties Group, represented the landlord in the transaction - MEPT Southwest Commerce - to get Zuvo into their new space at 895 E. Patriot Boulevard in Reno.
Zuvo Water LLC is a global innovator of chemical-free water products. Zuvo Water’s product portfolio is based on a patented technology platform that reproduces the photo-oxidation process that naturally occurs in the environment.
Multi-Employer Property Trust (MEPT) is an open-end commingled real estate equity fund that invests in a diversified portfolio of institutional-quality real estate assets in the United States. Founded in 1982, MEPT now has over $5.60 billion in net assets and has become one of the largest real estate equity funds in the US.
You can read a detailed article, courtesy of the NNBW, by clicking here. The RGJ also published a story on this news.
Zuvo is another company that has sprung up and is committed to long-term growth in Nevada. The company is currently in the process of moving its headquarters from Mountain View, CA to the area, and expects to be operational in April.
Michael Nevis, Senior Vice President/Principal of the NAI Alliance Industrial Properties Group, represented the landlord in the transaction - MEPT Southwest Commerce - to get Zuvo into their new space at 895 E. Patriot Boulevard in Reno.
Zuvo Water LLC is a global innovator of chemical-free water products. Zuvo Water’s product portfolio is based on a patented technology platform that reproduces the photo-oxidation process that naturally occurs in the environment.
Multi-Employer Property Trust (MEPT) is an open-end commingled real estate equity fund that invests in a diversified portfolio of institutional-quality real estate assets in the United States. Founded in 1982, MEPT now has over $5.60 billion in net assets and has become one of the largest real estate equity funds in the US.
You can read a detailed article, courtesy of the NNBW, by clicking here. The RGJ also published a story on this news.
Subscribe to:
Posts (Atom)