Office Team Closes Deals

Press Release: Office Group

775 336 4600

Business Travel Center renewed their lease of 1,680 square feet at 390 East Moana Lane, Suite 1, Reno, NV 89502. The NAI Alliance office team of Scott Shanks, Dominic Brunetti, and Matt Grimes represented the Landlord, Independence Square SPE, LLC.
Tahoe Fixed Income, LLC leased 3,326 square feet at 6900 South McCarran Blvd., Suite 3000, Reno, NV 89509. The NAI Alliance office team of Scott Shanks, Dominic Brunetti, and Matt Grimes represented the Tenant, Tahoe Fixed Income, LLC.

Associated Mortgage Center, Inc. renewed their lease of 1,200 square feet at 294 East Moana Lane, Suite 25, Reno, NV 89502. The NAI Alliance office team of Scott Shanks, Dominic Brunetti, and Matt Grimes represented the Landlord, Independence Square SPE, LLC.

Medical Office Building Sold in Carson City NV

Press Release: Investment Group & Office Group

775 336 4600

The Office and Investment Teams of NAI Alliance are pleased to announce that on behalf of the Eagle Medical Center, LLC, they have successfully facilitated the sale of a 73,975 square foot medical office building located at 2874 Carson Street in Carson City, Nevada. Eagle Medical Center is considered one of the premier medical office buildings in all of Northern Nevada. The property received considerable investor interest from around the country. The buyer is an affiliate of Laub Realty based out of the Bronx, New York. The buyer was attracted to the investment by the strong mix of medical practices located in the building and their willingness to continue to lease space in the property on a long-term basis. The quality of the asset, the strong tenant mix, and the building’s proximity to a major regional hospital were all factors in the sale. “We like the fundamentals of medical office projects and in our mind, this building represents the finest medical office building in the entire market,” said Michael Laub, President of Laub Realty. “Long-term, we think Northern Nevada will benefit from the influx of people drawn to the high quality of life in the area.” The sale and leaseback was facilitated by Dominic Brunetti and Scott Shanks of the NAI Alliance Office Team and Scott Beggs of the NAI Alliance Investment Team.

Industrial Team Closes BriteVision Media's Renewal

Press Release: Industrial Group

775 336 4600

BriteVision Media, LLC renewed their lease of 55,000 square feet at 550 Coney Island Drive in Sparks, with ProLogis. The NAI Alliance Industrial Team of Paul Perkins, Dave Simonsen, J. Michael Hoeck, Dan Oster and Carl Zmaila represented the Tenant, BriteVision Media.

Maverick Finance Leases 1,280 SF in Marina Marketplace

Press Release: Retail Group

775 336 4600

NAI Alliance broker Mark Keyzers of the Retail division represented ESM Marina, LLC in the leasing of 1,280 square feet to Maverick Finance in the Marina Marketplace Shopping Center. Marina Marketplace is located at the south-west corner of Prater Way and Sparks Boulevard in Sparks, Nevada. Maverick Finance will be located at 1495 East Prater Way, Suite 107.

Q1 2009 Retail Statistics

Press Release: Retail Group

775 336 4600

NAI Alliance Retail Division recently completed their market survey of the Reno Sparks Market for the first quarter of 2009. Excluding regional malls, their findings show total rentable square footage at 12,497,873 and total vacant square feet at 1,836,132. This gives an overall vacancy rate of 14.69%, line shop vacancy of 18.52% and anchor vacancy of 12.00%. Vacancies continue to increase since last quarter causing the highest overall and anchor vacancy rates since they began tracking market statistics in 1990. Line shop vacancy also continues to rise but has not yet reached the recorded high of 20.3%. Total net absorption for the quarter was -84,929 square feet and the total gross absorption was 123,354 square feet.

Land Team Now Listing Residential Subdivision in Fernely NV

Press Release: Land Group

775 336 4600

NAI Alliance announced today that Commercial Brokers Aaron West-Guillen and Ryan C. Judson have obtained a listing agreement with Creekwood Capital LLC, to market for sale “Farm View Estates”, a residential subdivision. Farm View Estates is located off of Farm District Road in Fernley NV. The subdivision consists of 23 finished lots with dedicated water. The average lot size is approximately .29 acres. Asking price for the property is $1,600,000.
For more information on this opportunity please contact Aaron West-Guillen or Ryan Judson of NAI Alliance at 775-336-4674.

NAI Alliance Lists 48+ Acres in Northwest Reno NV

Press Release: Land Group

775 336 4600

NAI Alliance announced today that Commercial Brokers Aaron West-Guillen and Kelly Bland have obtained a listing agreement with Flying J Inc. to market a vacant land parcel located in West Reno. The 48.8 acre parcel is located on the south end of I-80 & Robb Drive with freeway adjacency and excellent visibility. This property is ideally situated at the gateway of the Northwest, McQueen and Somersett Communities. The asking price for this property is $21,000,000. For more information on this opportunity please contact Aaron West-Guillen or Kelly Bland of NAI Alliance at 775-336-4600.

Northtowne Smog Leases 1,000 SF in North McCarran Crossing Shopping Center

Press Release: Retail Group

775 336 4600

NAI Alliance broker Mark Keyzers of the Retail division represented North McCarran Crossing, LLC in the leasing of 1,000 square feet to Northtowne Smog in the North McCarran Crossing Shopping Center. North McCarran Crossing is located at the south-east corner of North McCarran Boulevard and Northtowne Lane in Reno, Nevada. Northtowne Smog will be located at 2880 Northtowne Lane, Suite #101.