Showing posts with label Michael Nevis. Show all posts
Showing posts with label Michael Nevis. Show all posts
Friday, April 10, 2015
2Q15 First Quarter Industrial Market Report
First Quarter 2015
Industrial Market Report
A usual slow start to the year -
Once again, the northern Nevada industrial market took a breather in the first quarter. Historically, Q1 is a slow quarter as companies are just gearing up for annual moves. Decisions to close operations happen quicker than decisions to move and expand sometimes resulting in negative absorption in the first quarter. With few closures and still good market activity, Q1 2015 exhibited stronger numbers than prior year first quarters. Brokers, developers and contractors are all busy and overall market activity remains strong. It appears 2015 will be another banner year for the northern Nevada industrial market.....
To continue reading - Click Here For Q1 2015 Industrial Market Report
Friday, February 7, 2014
NAI Alliance Industrial Properties Group Announces the Addition of Heather Collins, Business/Marketing Coordinator
(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.
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.
Tuesday, January 7, 2014
NAI Alliance Industrial Properties Group Secures Lease Extension and Expansion at the Reno Air Center
(Reno, NV) – 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 the 17,701 square foot 1ease extension and the 3,567 square foot expansion for Legacy Sports International at 4750 Longley Lane, Suite 207 in Reno, NV.
With the expansion Legacy Sports now occupies a total of 26,228 square feet in the Reno Aircenter business park. They also occupy a 4,960 square foot space in the complex. Legacy Sports was founded in Reno in 2005.
The NAI Industrial Properties Team represented the landlord, IndCor Properties, in this transaction. This space is part of the 9.5MM square foot portfolio IndCor operates in Reno.
Legacy Sports International, LLC is an importer and distributor of firearms and shooting accessories. The company provides high quality, reliable and affordable products for shooting and hunting enthusiasts in America and throughout the world providing value through customer service and product development.
With the expansion Legacy Sports now occupies a total of 26,228 square feet in the Reno Aircenter business park. They also occupy a 4,960 square foot space in the complex. Legacy Sports was founded in Reno in 2005.
The NAI Industrial Properties Team represented the landlord, IndCor Properties, in this transaction. This space is part of the 9.5MM square foot portfolio IndCor operates in Reno.
Legacy Sports International, LLC is an importer and distributor of firearms and shooting accessories. The company provides high quality, reliable and affordable products for shooting and hunting enthusiasts in America and throughout the world providing value through customer service and product development.
Monday, January 6, 2014
NAI Alliance Industrial Team Releases Q4 2013 Market Report
The fourth quarter of 2013 continued the momentum from Q3 for the Industrial Commercial Real Estate market in Northern Nevada. It was a great close of the year as we look towards 2014.
Here are a few quick points. Further details are in the PDF.
Click here to download the entire report.
Here are a few quick points. Further details are in the PDF.
- Vacancy rates are below 10% for the first time since Q1 2008 – 9.1%
- A balanced Northern Nevada market is in the 8-10% range
- Gross absorbtion was 89% higher than Q4 2012
- Net absorbtion was 526% higher (not a typo) than Q4 2012 and 768% higher (also not a typo) than the 5 year average.
- There were 41 transactions in the quarter with an average size of 41,000 SF per transaction.
- Only one developer is grading on a 399,000 SF
- Might cause the market to tighten with tenant inability to wait for ground up development.
Click here to download the entire report.
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.
Wednesday, December 11, 2013
NAI Alliance Industrial Properties Group Secures 60,000 SF Lease in the Reno Aircenter
(Reno, NV) – 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 NAI Industrial Properties Team represented the landlord, IndCor Properties, in this transaction. 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.
Founded in 1978, Winzer Corporation provides access to more than 60,000 fasteners, tools and other supplies in its three (3) distribution centers – Reno, NV, Saginaw, MI, and Santa Fe Springs, CA. Texas-based Winzer has grown to be a major, full service distributor to over 35,000 customers in a variety of markets.
The NAI Industrial Properties Team represented the landlord, IndCor Properties, in this transaction. 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.
Founded in 1978, Winzer Corporation provides access to more than 60,000 fasteners, tools and other supplies in its three (3) distribution centers – Reno, NV, Saginaw, MI, and Santa Fe Springs, CA. Texas-based Winzer has grown to be a major, full service distributor to over 35,000 customers in a variety of markets.
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, 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.
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.
Friday, May 10, 2013
Dan Oster Represents Joule Street Landlord for Sale or Lease
NAI Alliance is proud to announce that Industrial Brokers Dan Oster, Dave Simonsen, J. Michael Hoeck, and Michael Nevis have obtained the exclusive listing agreement for the industrial flex facility located at 4865 Joule Street in Reno. The building is located on Joule Street just off of Rock Blvd. east of the Reno-Tahoe International Airport. The space available is 6,200± sq. ft. with a bonus mezzanine area and is both for sale and for lease. This space is great for a contractor’s office and has great improvements. For more information contact The Industrial Team at NAI Alliance at 775-336-4600.
Wednesday, April 10, 2013
NAI Alliance Releases Q1 2013 CRE Industrial Market Report
NAI Alliance is pleased to provide our Q1 2013 Industrial
Market Report for commercial real estate in Northern Nevada. We’re
heading in the right direction. A
neutral first quarter in 2013 is much more positive than the past 3 years of
negative net absorbtion in prior first quarters.
Starting level heading into Q2 means we have no holes to dig out of. That alone creates optimism for the market. Rents have not increased on industrial properties, but we do foresee rent increases for specific property types in the near future. Corporate earnings, housing, business investment and unemployment are all trending in the right direction helping our economy.
Click here to view the entire report. Also, if you'd like to sign up to receive our market reports, you can click here.
Starting level heading into Q2 means we have no holes to dig out of. That alone creates optimism for the market. Rents have not increased on industrial properties, but we do foresee rent increases for specific property types in the near future. Corporate earnings, housing, business investment and unemployment are all trending in the right direction helping our economy.
Click here to view the entire report. Also, if you'd like to sign up to receive our market reports, you can click here.
Tuesday, January 22, 2013
Michael Nevis & J. Michael Hoeck Secure Lease for Trex
Trex Company leased a 337,500sf building at 2375 Newlands Rd in Fernley NV. Trex Company is the country's largest manufacturer of wood-alternative decking and railing products, marketed under the brand name Trex®. The company was formed in 1996 through the buyout of a division of Mobil Corporation and went public in 1999. Trex Company is headquartered in Winchester, Virginia, with manufacturing facilities in Fernley, Nevada and Winchester, Virginia. J. Michael Hoeck, SIOR; Michael Nevis, CCIM; Dave Simonsen, CCIM, SIOR; and Dan Oster of the NAI Industrial Properties Team represented the landlord and tenant in this transaction.
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