NAI Alliance Industrial Team Closes Largest Industrial Sale

Press Release: Industrial Group

775 336 4600

Brightpoint, Inc purchased 1025 Sandhill Road in Reno, NV for $11,500,000 last week. The Sandhill building is a 263,924 square foot industrial property. This deal makes a positive impact on the Reno/Sparks Industrial market and the largest industrial sale completed in the past 2 years. The Industrial Team of Paul Perkins, CCIM, SIOR; Dave Simonsen, CCIM, SIOR; J. Michael Hoeck, SIOR; and Dan Oster of NAI Alliance represented Pfizer Inc and Jones Lang LaSalle represented Brightpoint, Inc.

NAI Alliance Announces Q4 2010 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 2010. Excluding regional malls, their findings show total rentable square footage at 13,059,868 and total vacant square feet at 2,335,630. This gives an overall vacancy rate of 17.88%, line shop vacancy of 21.72% and anchor vacancy of 15.19%. Total net absorption for the fourth quarter was 60,265 square feet and the total gross absorption was 275,491 square feet. Gross absorption for the year was 749,052 square feet and the net absorption came in at 71,817 square feet.

NAI Alliance Now Listing 200 South Virginia Street

Press Release: Office Group

775 336 4600

The NAI Alliance Office Properties Team Scott Shanks, SIOR, Dominic Brunetti, CCIM, and Janna Page have secured the exclusive office property listing for 200 South Virginia Street in downtown Reno, owned and operated by Basin Street Properties.

The property is a total of 118,741 square feet. Currently 21,965 square feet of office space is available for lease.

NAI Alliance Office Group Closes Lease for Prism-NV, LLC

Press Release: Office Group

775 336 4600

Prism – NV, LLC – leased 637 square feet at 100 Washington Street, Lower Level Suite 80 in Reno, Nevada. In this lease transaction the Office Properties Group of Scott Shanks, SIOR, Dominic Brunetti, CCIM and Janna Page represented the tenant Prism – NV, LLC.

NAI Alliance Co-Listing Carson City Office Building

Press Release: Office Group

775 336 4600

The NAI Alliance Office Properties Team Scott Shanks, SIOR, Dominic Brunetti, CCIM, and Janna Page will be co-listing the former Greater Nevada Credit Union bank located at 911 East Second Street in Carson City, Nevada along with Coldwell Banker Commercial Brokers Andie Wilson, CCIM and Brad Bonkowski, CCIM.

The property consists of 400 to 8,256 square feet available for lease.

NAI Office Group Closes MetLife Lease Transaction

Press Release: Office Group

775 336 4600

MetLife Bank, National Association renewed their lease for 5,312 square feet at Magnolia Lakeside located at 6151 Lakeside, Suite 1000 in Reno, Nevada. In this lease transaction the Office Properties Group of Scott Shanks, SIOR, Dominic Brunetti, CCIM and Janna Page represented the landlord Method Art Corporation.

NAI Alliance Office Group Renewed One East Liberty Listing

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 the US Bank building located at 1 East Liberty Street in Reno, Nevada. The team will oversee the leasing of 82,858 square feet office space with 30,910 square feet available.