(Reno, NV) – The NAI Alliance Industrial Properties Group is pleased to welcome Heather Collins to the Team in the role of Business/Marketing Coordinator.
Heather is a native Nevadan who grew up in Lovelock. She attended the University of Nevada, Reno and Truckee Meadows Community College before leaving the area for Southern California. Heather brings a number of years of real estate experience to the team and maintains her California Real Estate License. Her experience includes property management, commercial real estate contract, leasing and sales, facility touring, marketing, and tenant and owner relations.
In addition to working in real estate, Heather has a wealth of experience supporting senior-level executives in the entertainment industry with some of the largest studios in the country.
Showing posts with label Commercial Real Estate. Show all posts
Showing posts with label Commercial Real Estate. Show all posts
Friday, February 7, 2014
Monday, January 20, 2014
NAI Alliance Office Properties Group Releases Q4 2013 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.
- 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
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 Industrial Properties Group Closes Sale of 61,000 sf Building in Reno, NV
(Reno, NV) – 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.
NAI Alliance Industrial Properties Group represented the previous owner of the building, Hawley Trust, in the transaction. 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. Nevada-based ECO Windows is among the most energy efficient window companies in the country, specializing in the custom manufacturing and installation of the highest quality windows and doors available.
ECO Windows focuses on windows and doors that are designed to save energy and reduce costs with optimal noise insulation. For more information visit www.ecowds.com.
NAI Alliance Industrial Properties Group represented the previous owner of the building, Hawley Trust, in the transaction. 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. Nevada-based ECO Windows is among the most energy efficient window companies in the country, specializing in the custom manufacturing and installation of the highest quality windows and doors available.
ECO Windows focuses on windows and doors that are designed to save energy and reduce costs with optimal noise insulation. For more information visit www.ecowds.com.
Tuesday, December 17, 2013
NAI Alliance Office Team Secures Exclusive Listing for One East Liberty Street
(Reno, NV) – Scott Shanks SIOR, along with his partner Dominic Brunetti, CCIM have secured the exclusive lease listing for One East Liberty Street in Reno, 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.
Friday, December 6, 2013
NAI Alliance Retail Properties Group Secures Exclusive Agreement for 9 Dunkin' Donuts Stores
(Reno, NV) – Mark Keyzers, Senior Vice President of the NAI Alliance Retail Properties Group recently completed the exclusive lease agreement with Dunkin’ Donuts that will see the development of nine new stores developed throughout Northern Nevada.
NAI Alliance was a broker of record in assisting in the multi-unit store development agreement between Dunkin' Donuts and new franchise group HT2 Franchising. HT2 Franchising is led by entrepreneur and Reno native Nicole Hansen. Ms. Hansen will manage and oversee daily operations of each store.
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 and Dunkin’ Donuts, all franchise opportunities are sold out in Reno.
“We’re extremely proud that Dunkin’ Donuts chose the Northern Nevada market to expand into,” said Mark Keyzers of NAI Alliance. “They had many options in the Western States to expand, but they saw the leadership of HT2 as well as the rebounding of Northern Nevada and determined our area to be a great fit.”
For more information on locations and planning, please contact Mark Keyzers, the exclusive leasing agent, at (775) 336-4663 for details and requirements.
NAI Alliance was a broker of record in assisting in the multi-unit store development agreement between Dunkin' Donuts and new franchise group HT2 Franchising. HT2 Franchising is led by entrepreneur and Reno native Nicole Hansen. Ms. Hansen will manage and oversee daily operations of each store.
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 and Dunkin’ Donuts, all franchise opportunities are sold out in Reno.
“We’re extremely proud that Dunkin’ Donuts chose the Northern Nevada market to expand into,” said Mark Keyzers of NAI Alliance. “They had many options in the Western States to expand, but they saw the leadership of HT2 as well as the rebounding of Northern Nevada and determined our area to be a great fit.”
For more information on locations and planning, please contact Mark Keyzers, the exclusive leasing agent, at (775) 336-4663 for details and requirements.
Monday, December 2, 2013
NAI Alliance Industrial Properties Group Secures Exclusive Listing for 84,000 SF Space at 725 Greg Street
(Reno, NV) – The NAI Alliance Industrial Properties Team of Dave Simonsen, CCIM, SIOR; J. Michael Hoeck, SIOR; Michael Nevis, CCIM, and Steve Kucera, Industrial Specialist has received the exclusive lease listing for 725 Greg Street, Sparks, NV. The 84,000± sf stand-alone manufacturing and distribution warehouse is situated on 3.42 acres, and is one of the largest stand-alone buildings available in the area.
The NAI Alliance Industrial Team will be representing the occupant of the building for the sublease, Sims Corporation based in Sparks, NV. Sims Corporation is part of Sims Metal Management - the world’s largest publicly traded metal and electronics recycler, with more than 270 facilities on five continents.
The property is located in the heart of the Sparks industrial area providing easy access to both Interstate 80 and US Highway 395.
The NAI Alliance Industrial Team will be representing the occupant of the building for the sublease, Sims Corporation based in Sparks, NV. Sims Corporation is part of Sims Metal Management - the world’s largest publicly traded metal and electronics recycler, with more than 270 facilities on five continents.
The property is located in the heart of the Sparks industrial area providing easy access to both Interstate 80 and US Highway 395.
Wednesday, November 27, 2013
NAI Alliance Industrial Properties Group Receives National Recognition at the Society of Industrial and Office Realtors
(Reno, NV) – The NAI Alliance Industrial Properties Group was recognized by Panattoni Development for significant transaction volume at the Society of Industrial and Office Realtors® (SIOR) Fall World Conference in Chicago, IL held October 24-26.
Among nationwide lease transactions by SIOR professionals for Panattoni, the NAI Alliance Industrial Team ranked second overall with the 337,500 square foot lease to Trex Company at 2375 East Newlands Drive in Fernley, NV. NAI Alliance also brokered the sale of this property, which placed them third nationwide on a square footage basis for a property sale.
SIOR designees in the NAI Alliance Industrial Properties Group are J.Michael Hoeck, Senior Vice President, Principal and Dave Simonsen, Senior Vice President, Principal.
SIOR is the leading professional, commercial, and industrial real estate association. Individuals who hold the SIOR designation are top producers in the commercial real estate field and are represented in more than 630 cities in 29 countries around the world.
SIOR represents today’s most knowledgeable, experienced, and successful commercial real estate brokerage specialists. To achieve the SIOR designation brokers have to complete at least five years of creditable experience in the highly specialized field of industrial real estate; met stringent education requirements; and demonstrated professional ability, competency, ethical conduct, and personal integrity.
Among nationwide lease transactions by SIOR professionals for Panattoni, the NAI Alliance Industrial Team ranked second overall with the 337,500 square foot lease to Trex Company at 2375 East Newlands Drive in Fernley, NV. NAI Alliance also brokered the sale of this property, which placed them third nationwide on a square footage basis for a property sale.
SIOR designees in the NAI Alliance Industrial Properties Group are J.Michael Hoeck, Senior Vice President, Principal and Dave Simonsen, Senior Vice President, Principal.
SIOR is the leading professional, commercial, and industrial real estate association. Individuals who hold the SIOR designation are top producers in the commercial real estate field and are represented in more than 630 cities in 29 countries around the world.
SIOR represents today’s most knowledgeable, experienced, and successful commercial real estate brokerage specialists. To achieve the SIOR designation brokers have to complete at least five years of creditable experience in the highly specialized field of industrial real estate; met stringent education requirements; and demonstrated professional ability, competency, ethical conduct, and personal integrity.
Dominic Brunetti, CCIM Closes Office Sale Transaction For Greater Nevada Credit Union
(Dayton, NV) – T & N Dayton LLC, bought an acre portion of 555 U.S. Hwy 50 East, in Dayton, Nevada. The Lyon County’s assessor’s parcel number is APN: 06-022-22. In this sale transaction the NAI Office Properties Group of Dominic Brunetti, CCIM, and Scott Shanks, SIOR represented the seller, Greater Nevada Credit Union.
Since 2009 the NAI Office Properties Team has successfully represented Greater Nevada Credit Union in all their Northern Nevada leasing and sale requirements.
Since 2009 the NAI Office Properties Team has successfully represented Greater Nevada Credit Union in all their Northern Nevada leasing and sale requirements.
Tuesday, November 5, 2013
NAI Alliance Office Group Secures Lease for Pacific Business Centers in Downtown Reno
(Reno, NV) - 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
Dominic Brunetti, CCIM Closes Office Sale Transaction
(Reno, NV) – Divine Purpose, LLC purchased an office building located at 255 West Peckham Lane in Reno, Nevada. In the sale transaction the NAI Alliance Office Properties Group of Dominic Brunetti, CCIM, and Scott Shanks, SIOR represented the buyer Divine Purpose, LLC.
NAI Office Team Closes Lease Renewal AT 5050 Vista Boulevard
(Sparks, NV) – Group One Sparks, Inc., dba Keller Williams Group One renewed their lease at 5050 Vista Boulevard, Suite 104 & 105 in Sparks, Nevada for 4,970 square feet. In this lease transaction the NAI Alliance Office Properties Group of Scott Shanks, SIOR and Dominic Brunetti, CCIM, represented the landlord, MLRO, LLC, MLKO, LLC and MLL, LLC.
Wednesday, September 4, 2013
NAI Alliance Industrial Properties Group Announces the Addition of Steve Kucera as Industrial Specialist
(Reno, NV) – The NAI Alliance Industrial Properties Group is pleased to announce that Steve Kucera has joined the Brokerage as an Industrial Specialist. Mr. Kucera will be working with J. Michael Hoeck, SIOR, Dave Simonsen, SIOR, CCIM, and Michael Nevis, CCIM of the NAI Alliance Industrial Team and brings a great deal of experience to the group. Mr. Kucera will be specializing in Industrial Agency and Tenant Representation.
Mr. Kucera has an extensive nine-year background in commercial real estate, which includes: landlord and tenant representation, high-profile lease transaction negotiation and administration, advisory services for industrial clients, financial management, and property management. Mr. Kucera has previously worked for Prologis, Jones Lang LaSalle, and Cushman & Wakefield.
Mr. Kucera holds a Bachelor of Science degree in Business Information Systems from The University of Montana.
Mr. Kucera has an extensive nine-year background in commercial real estate, which includes: landlord and tenant representation, high-profile lease transaction negotiation and administration, advisory services for industrial clients, financial management, and property management. Mr. Kucera has previously worked for Prologis, Jones Lang LaSalle, and Cushman & Wakefield.
Mr. Kucera holds a Bachelor of Science degree in Business Information Systems from The University of Montana.
Tuesday, September 3, 2013
NAI Alliance Office Team Closes Lease Transaction at 140 Washington Street
(Reno, NV) – Amber Barnes Consulting leased 1,116 square feet at 140 Washington Street, Suite 220 in Reno, Nevada. In this lease transaction the NAI Office Properties Group of Scott Shanks, SIOR and Dominic Brunetti, CCIM represented the landlord, 100 & 140 Washington, LLC.
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.
Wednesday, July 31, 2013
NAI Alliance Secures Exclusive Sale and Lease Listing for 333 Holcomb Ave.
Scott Shanks SIOR, along with his partner Dominic Brunetti, CCIM have secured the exclusive sale and lease listing for 333 Holcomb Avenue in Reno, Nevada.
The professional office building is 14,017 square feet and was built in 1986. The sale price is $105 per square foot and the lease rate is $1.10 per square foot. There is currently 10,000 square feet available.
The professional office building is 14,017 square feet and was built in 1986. The sale price is $105 per square foot and the lease rate is $1.10 per square foot. There is currently 10,000 square feet available.
Tuesday, July 23, 2013
Dominic Brunetti Closes Lease Transaction at 50 West Liberty Street
Hoy Chrissinger Kimmel, PC, leased 3,400 square feet of office space at 50 West Liberty Street, Suite 840 in Reno, Nevada. In this lease transaction the NAI Office Properties Group of Dominic Brunetti, CCIM, and Scott Shanks, SIOR, represented the landlord Basin Street Properties. The new tenant moved their Northern Nevada office to the downtown Basin Street property from their prior location on Caughlin Parkway.
Wednesday, July 17, 2013
NAI Alliance Office Properties Group Closes Lease at 200 South Virginia
High Desert Internet Services leased nearly 500 square feet of office space at 200 South Virginia Street, Suite 555 in Reno, Nevada. In this lease transaction the NAI Office Properties Group of Scott Shanks, SIOR and Dominic Brunetti, CCIM represented the landlord Basin Street Properties.
High Desert Internet Services provides wireless internet services designed to cover the areas "left out" by DSL coverage and Cable Modem coverage, giving Rural customers the same type of performance enjoyed by those in the cities. High Desert Internet Services has been servicing Northern Nevada since 2002.
High Desert Internet Services provides wireless internet services designed to cover the areas "left out" by DSL coverage and Cable Modem coverage, giving Rural customers the same type of performance enjoyed by those in the cities. High Desert Internet Services has been servicing Northern Nevada since 2002.
Wednesday, June 19, 2013
Dominic Brunetti, CCIM Closes Lease Renewal for Nevada Connections Academy
Nevada Connections Academy renewed their lease for 6,000 square feet at 175 Salomon Drive, Suite 201 in Sparks, Nevada. In this lease renewal the NAI Office Properties Group of Dominic Brunetti, CCIM, Scott Shanks, SIOR and Chase Whittemore, MS represented the landlord, 175 Salomon Circle LLC.
Nevada Connections Academy (NCA) is a tuition-free virtual public school giving students the flexibility to learn with a curriculum that meets rigorous Nevada State Board of Education standards. Nevada Connections Academy offers:
- A challenging, K-12 curriculum developed by leading education experts.
- Instruction from highly-qualified state-certified teachers who are experienced in online instruction.
- Support from trained counselors, an experienced principal, and dedicated administrative staff.
- Free textbooks, materials, and computer equipment needed to participate in a dynamic online learning environment.
Thursday, May 30, 2013
NAI Office Team Secures Two Exclusive Listings
Scott Shanks, SIOR and fellow NAI Alliance Office Property Group partners Dominic Brunetti, CCIM, and Chase Whittemore, MS have secured extensions on exclusive lease listings for two properties. NAI Alliance will be representing the owners in both agreements.
- 980 Sandhill – a 36,00+ square foot building with just over 10,000 square feet available
- Sparks Plaza located at 780 Vista – a multi-tenant complex with just over 15,000 square feet available
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