NAI Alliance Announces Q2 2010 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 second quarter of 2010. Excluding regional malls, their findings show total rentable square footage at 12,937,082 and total vacant square feet at 2,253,083. This gives an overall vacancy rate of 17.42%, line shop vacancy of 22% and anchor vacancy of 14.05%. These vacancy rates are the highest level on record. Total net absorption for the second quarter was -134,612 square feet and the total gross absorption was 50,002 square feet.

NAI Alliance Office Team Renews Listing at 800 S. Meadows Pkwy.

Press Release: Office Group

775 336 4600

The NAI Alliance Office Properties Team Scott Shanks, SIOR, Dominic Brunetti, CCIM, and Janna Page have renewed their exclusive property listing for 800 South Meadows Parkway with JC Arrow LLC.

NAI Alliance Office Team Closes Deals

Press Release: Office Group

775 336 4600

Nevada State Democratic Party and Friends For Harry Reid leased 3,750 square feet at Oakcrest Business Park located at 1380 Greg Street, Suites 209-210 in Sparks, Nevada. In this transaction the Office Properties Team Scott Shanks, SIOR, Dominic Brunetti, CCIM and Janna Page represented the tenant, Nevada State Democratic Party and Friends For Harry Reid. The landlord is Oakcrest Business Park, LLC.

Judson H. Pierce, D.C. renewed his lease for 1,000 square feet at 2351 Pyramid Way, Suite 20 in Sparks, Nevada. In this transaction the NAI Office Properties Team Scott Shanks, SIOR, Dominic Brunetti, CCIM and Janna Page represented the landlord Pyramid Center, LLC.

Wayne G. Terhune, D.D.S., Ltd renewed his lease for 1,300 square feet at 2261 Pyramid Way, Suite 1, in Sparks, Nevada. The Office Properties Team Scott Shanks, SIOR, Dominic Brunetti, CCIM and Janna Page represented the landlord Pyramid Center, LLC in this transaction.

NAI Alliance Office Team Closes Deals

Press Release: Office Group

775 336 4600

Land Home Financial Services, Inc. leased 6,214 square feet at 5345 Kietzke Lane, Suite 100 in Reno, Nevada. In this transaction the Office Properties Team Scott Shanks, SIOR, Dominic Brunetti, CCIM and Janna Page represented both the landlord Reno CP, LLC and the tenant Land Home Financial Services.

Reno Photo Booth leased 3,615 square feet at 175 Salomon Circle in Sparks, Nevada. In this transaction the NAI Office Properties Team represented the landlord 175 Salomon Circle, LLC and the NAI Industrial Team represented the tenant Reno Photo Booth.

Weststar Credit Union renewed their lease for 1,880 square feet at Independence Square located at 394 Moana Lane in Reno, Nevada. The Office Properties Team Scott Shanks, SIOR, Dominic Brunetti, CCIM and Janna Page represented the landlord Independence Square SPE, LLC.

NAI Alliance Industrial Team Listing Properties in Sparks, NV

Press Release: Industrial Group

775 336 4600

NAI Alliance is pleased to announce that The Industrial Team of Paul Perkins, Dave Simonsen, J. Michael Hoeck and Dan Oster have obtained an exclusive listing agreement to market a 198,875 square foot distribution warehouse located at 251-259 S. McCarran Blvd., in Sparks. The former grocer facility has over 18,000 sf of refrigerator space and nearly 20,000 sf of freezer space. The Industrial Team will oversee both leasing and/or a sale of the facility. In addition, The Industrial Team obtained an exclusive listing agreement to market a 4,655 square foot industrial flex unit located at 650 S. Rock Blvd., Unit 16 in Reno. The Industrial Team will oversee a sale of the facility.

Clean Energy Center Signs Lease in Airport Submarket

Press Release: Industrial Group

775 336 4600

Clean Energy Center, LLC leased a 5,008 sf facility located at 4865 Joule Street in Reno, NV. The Industrial Team of Paul Perkins, Dave Simonsen, J. Michael Hoeck and Dan Oster represented the owner and Clint Steele of Lee & Associates represented the tenant.

NAI Office Team Now Listing St. Mary's Medical Plaza

Press Release: Office Group

775 336 4600

The NAI Alliance Office Properties Team Scott Shanks, SIOR, Dominic Brunetti, CCIM, and Janna Page have secured a listing with St. Mary’s Medical Plaza LLC to list 236 West 6th Street consisting of 39,372 square feet of office medical space.

NAI Alliance Office Team Closes Deals

Press Release: Office Group

775 336 4600

Pacific Tanning Company leased 1,350 square feet at 780 Vista Blvd., Suite 500 in Sparks, Nevada. The Office Properties Team Scott Shanks, SIOR, Dominic Brunetti, CCIM and Janna Page represented the landlord Sparks Plaza LLC in this transaction.

Reno Photo Booth leased 3,615 square feet at 175 Salomon Circle in Sparks, Nevada. The Office Properties Team represented the landlord 175 Salomon Circle, LLC and the Industrial Team represented the tenant Reno Photo Booth in this transaction.

Weststar Credit Union renewed their lease for 1,880 square feet at Independence Square located at 394 Moana Lane in Reno, Nevada. The Office Properties Team Scott Shanks, SIOR, Dominic Brunetti, CCIM and Janna Page represented the landlord Independence Square SPE, LLC in this transaction.

NAI Alliance Listing Land in Elko, NV

Press Release: Retail Group

775 336 4600

NAI Alliance is proud to announce that retail brokers Gary Tremaine and Mark Keyzers have obtained a listing agreement with Big W to market vacant land parcels located in Elko, Nevada. There are three parcels totaling 3.904 acres which can be sold together or separately. The property is ideally situated at the signalized intersection of Lamoille Highway and 12th Street.
For more information on this opportunity, please contact Gary Tremaine or Mark Keyzers of NAI Alliance at 775-336-4600.

NAI Alliance Retail Team Attends ICSC Convention

Press Release: Retail Group

775 336 4600

Gary Johnson, Kelly Bland, Mark Keyzers and Gary Tremaine of the NAI Alliance Retail Group attended the 2010 International Council of Shopping Centers Real Estate Convention in Las Vegas, Nevada. This conference attracts retailers and brokers from all over the country. Attendees are offered a number of workshops discussing current industry trends in the commercial real estate market and opportunities to network with retail tenants.