NAI Alliance Renews Leases for Landlords

Press Release: Office Group

775 336 4600

Associated Mortgage Center renewed their lease for 1,200 square feet at Independence Square located at 294 East Moana Lane, Suite 25 in Reno, Nevada. NAI Alliance office team Scott Shanks, Dominic Brunetti, and Matt Grimes in addition to Mark Keyzers from the Retail team represented the landlord Independence Square SPE, LLC.

Robert E. Mays, D.D.S. renewed his lease for 2,000 square feet at Pyramid Professional Center located at 2261 Pyramid Way, Suite 3 & 4 in Sparks, Nevada. NAI Alliance office team Scott Shanks, Dominic Brunetti, and Matt Grimes represented the landlord Pyramid Professional Center.

Keyzers Negotiates 3,943 sf Lease in Palladio

Press Release: Retail Group

775 336 4600

NAI Alliance broker Mark Keyzers of the Retail division represented the landlord in the leasing of 3,943 square feet to Spread Peace Cafe at the Palladio. The Palladio is located at the 50 Sierra Street in Reno, Nevada. Spread Peace Café will be located in Suite 102 on the riverfront.

Mark Keyzers Negotiates 3,300 SF at Coliseum Meadows

Press Release: Retail Group

775 336 4600

NAI Alliance broker Mark Keyzers of the Retail division represented the landlord in the leasing of 3,300 square feet to Leslie’s Pool Supplies at Coliseum Meadows. Coliseum Meadows is located at the SEC of Kietzke Lane & South Virginia Street in Reno, Nevada. Leslie’s Pool Supplies will be located at 4902 S. Virginia Street.

NAI Alliance Negotiates New Lease in Independence Square

Press Release: Retail Group

775 336 4600

NAI Alliance brokers Mark Keyzers and Matt Grimes represented the landlord in the leasing of 1,200 square feet to Alcohol Awareness Training, LLC at Independence Square. Independence Square is located at the along Moana Lane between S. Virginia Street and Kietzke Lane in Reno, Nevada. Alcohol Awareness Training will be located at 294 East Moana Lane, Suite B23.

NAI Alliance Announces Q4 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 fourth quarter of 2009. Excluding regional malls, their findings show total rentable square footage at 12,935,703 and total vacant square feet at 2,179,834. This gives an overall vacancy rate of 16.85%, line shop vacancy of 20.99% and anchor vacancy of 13.82%. Total net absorption for the fourth quarter was -96,808 square feet and the total gross absorption was 115,576 square feet. Gross absorption for the year was 703,594 square feet and the net absorption came in at 38,142 square feet.