Thursday, July 23, 2009

Industrial Team Closes Deals

www.NAIAlliance.com
Press Release: Industrial Group
775 336 4600

RanPak Corporation expanded their space by 5,200 square feet and renewed their lease of 37,048 square feet at 9175 Moya Blvd., Reno, NV 89506. The NAI Alliance Industrial Team represented the Landlord, Imelda Reno, LLC.

ABM Industries renewed their lease of 2,400 square feet at 871 E. Glendale Ave, Sparks, NV 89431. The NAI Alliance Industrial Team represented the Landlord, Bayside Capital Co..

Victory City Church renewed their lease of 10,500 square feet at 831 E. Glendale Ave, Sparks, NV 89431. The NAI Alliance Industrial Team represented the Landlord, Bayside Capital Co.

Modco, Inc. renewed their lease of 8,055 square feet at 806 Packer Way, Sparks, NV 89431. The NAI Alliance Industrial Team represented the Landlord, Bayside Capital Co..

PSI Control Systems expanded their space by 3,632 square feet and renewed their lease of 6,599 square feet at 1150 Financial Blvd., Suite 100, Reno, NV 89502. The NAI Alliance Industrial Team represented the Landlord, Reno Investors, LLC.

The NAI Alliance Industrial Team includes Senior Vice Presidents Paul Perkins, CCIM, SIOR; Dave Simonsen, CCIM, SIOR; J. Michael Hoeck, SIOR; Vice President Dan Oster and Associate Carl Zmaila.

NAI Alliance Obtains Land Listing in Fernley NV

www.NAIAlliance.com
Press Release: Retail Group
775 336 4600

NAI Alliance is proud to announce that brokers Kelly Bland of the retail division and Aaron West-Guillen of the land division obtained a new listing agreement with MKM Properties, LLC. They will be representing the owner on selling 3.89 acres in Fernley, Nevada located along Highway 50. For more information please contact Kelly Bland or Aaron West-Guillen of NAI Alliance at 775-336-4600.

Friday, July 17, 2009

NAI Now Listing Available Space For US Bank

www.NAIAlliance.com
Press Release: Retail Group
775 336 4600

NAI Alliance is proud to announce that broker Mark Keyzers of the Retail division obtained two new listing agreements with US Bank. Keyzers will be representing them on leasing 1,308 ± square feet at 1080 North Hills Boulevard in Reno and 1,827 ± square feet at 142 Los Altos Parkway in Sparks, Nevada. For more information on either of these listings please contact Mark Keyzers of NAI Alliance at 775-336-4600.

NAI Alliance Announces Retail Q2 2009 Statistics

www.NAIAlliance.com
Press Release: Retail Group
775 336 4600

NAI Alliance Retail Division recently completed their market survey of the Reno Sparks Market for the second quarter of 2009. Excluding regional malls, their findings show total rentable square footage at 12,653,568 and total vacant square feet at 1,979,438. This gives an overall vacancy rate of 15.64%, line shop vacancy of 19.63% and anchor vacancy of 12.79%. Vacancies continue to increase since last quarter causing the highest overall and anchor vacancy rates since NAI Alliance 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 42,119 square feet and the total gross absorption was 204,636 square feet. This gross absorption was largely attributable to the opening of the latest phase of the Legends at the Sparks Marina which comprised approximately 134,180 square feet.