Showing posts with label New Business. Show all posts
Showing posts with label New Business. Show all posts
Tuesday, January 7, 2014
Greater Nevada Credit Union Leases Space in Ridgeview Town Center
(Reno, NV) – Greater Nevada Credit Union leased 1,900 square feet in Ridgeview Town Center located at 5150 Mae Anne Avenue, Suite 203 in Reno, Nevada. In this lease transaction the NAI Office Properties Group of Dominic Brunetti, CCIM and Scott Shanks, SIOR represented the tenant, Greater Nevada Credit Union.
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.
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.
Wednesday, November 20, 2013
Scott Shanks, SIOR Closes Lease Renewal Transaction For Prologis Management
(Reno, NV) – Prologis Management LLC renewed their lease at 5190 Neil Road in Reno, Nevada. Prologis Management will now occupy Suite 210 for 2,692 square feet. In this lease transaction the NAI Office Properties Group of Scott Shanks, SIOR and Dominic Brunetti, CCIM represented the tenant, Prologis Management, LLC.
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.
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.
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.
Subscribe to:
Posts (Atom)