Press Release: Retail Group775 336 4600NAI Alliance Retail Division recently completed their market survey of the Reno Sparks Market for the second quarter of 2011. Excluding regional malls, their findings show total rentable square footage at 13,057,174 and total vacant square feet at 2,321,420. This gives an overall vacancy rate of 17.78%, line shop vacancy of 21.99% and anchor vacancy of 14.82%. Total net absorption for the second quarter was 541 square feet and the total gross absorption was 73,388 square feet.
Kelly Bland, Senior Vice President of NAI Alliance reports, “After a hopeful start at the beginning of the year, the activity in the retail market has subsided a bit halfway through. There are still signs that absorption figures will trend up as the year progresses and tenants like Ross and Wal-Mart open stores that have been under construction. However, with the announcement of the closure of Borders, this will add more vacant square footage onto the market. It’s a great time to be a tenant looking for space in the market. We’re getting new and relocating tenants great deals right now.”
Press Release: Industrial Group
775 336 4600Hedwin Corporation, an employee-owned company which designs and manufactures a variety of plastic containers, liners, closures, and custom plastic parts has signed a lease taking 44,100sf at 9175 Moya Blvd in Reno, Nevada. The Industrial Team of Dave Simonsen, CCIM, SIOR; J. Michael Hoeck, SIOR; Dan Oster; and Michael Nevis, CCIM of NAI Alliance represented both the landlord and the tenant in the transaction.
Press Release: Industrial Group
775 336 4600Exel Inc, signs a 180,456sf lease at 1802 Brierley Way in Sparks. The ProLogis facility was previously occupied by Pfizer Animal Health. The Industrial Team of Dave Simonsen, CCIM, SIOR; J. Michael Hoeck, SIOR; and Dan Oster of NAI Alliance represented Exel Inc in the transaction.
Press Release: Retail Group775 336 4600Lewis Retail Centers and NAI Alliance are pleased to welcome our newest addition to the Damonte Ranch Town Center, Damonte Ranch Animal Hospital. The hospital is located at 1091 Steamboat Parkway, Suite 230, adjacent to the CVS pharmacy and McDonald’s. Damonte Ranch Animal Hospital's owner veterinarian, Dr. Shelby Baker is extremely excited to be relocating her practice here. It’s the ideal location for her to continue offering first-class veterinary medicine services to the surrounding Reno / Tahoe residential communities. Dr. Baker, a graduate of Virginia-Maryland Regional College of Veterinary Medicine in June of 2000, is dedicated to offering high quality and complete medical, dental and surgical services for her patients. She has been practicing in Reno for the last 10 years and has special interests in cancer medicine as well as ultrasound. Her brand new veterinary hospital will be a state of the art facility equipped with valuable diagnostic tools including digital X-ray and ultrasound. Dr. Baker's commitment to her clientele is to provide the very best medical care and quality customer service. Dr. Baker can be contacted at 775-852-8522 or DamonteRanchVet@gmail.com.
Damonte Ranch Town Center is located at the corner of Damonte Ranch and Steamboat Parkways in Reno, NV. The popular 539,000 square foot community shopping center is already home to RC Willey, Home Depot, Office Depot, US Bank, CVS/pharmacy, 7-Eleven Convenience Store and Fuel Station, the Truckee Meadow’s only Lamppost Pizza, Starbucks, Subway, McDonald’s, High Sierra Cycling and Fitness and others.
The Damonte Ranch Town Center is one of a long list of successful shopping centers developed by Lewis Retail Centers, a member of the Lewis Group of Companies. Founded in 1955, the Upland California-based Lewis Group of Companies is one of the nation’s largest privately held real estate organizations engaged in the acquisition, ownership, development, and management of residential and commercial real estate throughout California and Nevada. The Lewis Group of Companies has developed more than fourteen million square feet of retail, office, and industrial space, and more than sixty-six thousand homes and apartments.
For more information on Damonte Ranch Town Center or for leasing opportunities, call Mark Keyzers, Kelly Bland, or Gary Tremaine at NAI Alliance, (775) 336-4600.
Press Release: Industrial Group
775 336 4600Loomis Fargo renews their 18,300sf lease at 4904 Ampere in Reno, Nevada. The Industrial Team of J. Michael Hoeck, SIOR; Dave Simonsen, CCIM, SIOR; Dan Oster; and Michael Nevis, CCIM of NAI Alliance represented both the landlord in the transaction.
Press Release: Industrial Group
775 336 4600Maximum Results has renewed their 7,000sf lease in the Southwest Commerce Center located at 895 Patriot Blvd, Ste 108. The Industrial Team of Michael Nevis, CCIM; J. Michael Hoeck, SIOR; Dave Simonsen, CCIM, SIOR; and Dan Oster of NAI Alliance represented the landlord in the transaction.
Press Release: Retail Group775 336 4600NAI Alliance brokers Mark Keyzers and Gary Tremaine of the Retail division represented the Landlord of the Aspen Glen Shopping Center in the leasing of 2,459 square feet to BVM V, LLC. Aspen Glen is located at the northwest corner of Vista Boulevard and Los Altos Parkway in Sparks, Nevada. BVM V, LLC will be located at 5245 Vista Boulevard.
Press Release: Retail Group775 336 4600NAI Alliance brokers Mark Keyzers and Gary Tremaine of the Retail division represented the Landlord of the Ironhorse Shopping Center in the leasing of 3,000 square feet to Angelica’s Restaurant. Ironhorse Shopping Center is located at the south-west corner of McCarran Boulevard and Prater Way in Sparks, Nevada. Angelica’s Restaurant will be located at 683 East Prater Way.
Press Release: Industrial Group
775 336 4600CTS Imports is subleasing 10,800sf previously occupied by OnlineTechStores.com located at 1335 Greg St #107 in Sparks, NV. The Industrial Team of Dan Oster; J. Michael Hoeck, SIOR; Dave Simonsen, CCIM, SIOR; and Michael Nevis, CCIM of NAI Alliance represented OnlineTechStores.com and Ben Galles of Keller Realty, Inc represented CTS Imports in the transaction.
Press Release: Industrial Group
775 336 4600Accelerated Care Plus has renewed their 20,900sf lease at 4850 Joule St in Reno, Nevada. The Industrial Team of Dan Oster; Dave Simonsen, CCIM, SIOR; J. Michael Hoeck, SIOR; and Michael Nevis, CCIM of NAI Alliance represented both the landlord and Ken Stark of Stark & Associates represented the tenant in the transaction.
Press Release: Industrial Group
775 336 4600Stewart’s Marine Service, a boat storage and service business, is expanding their business to Reno in an 18,000sf facility at 800 Stillwell Rd. This location will be in addition to their existing business in Truckee, CA. The Industrial Team of Dan Oster; J. Michael Hoeck, SIOR; Dave Simonsen, CCIM, SIOR; and Michael Nevis, CCIM of NAI Alliance represented Stewart’s Marine Service in the transaction.
Press Release: Office Group
775 336 4600Complete Family Care, LTD expanded their current office space by 1,218 square feet for a total of 3,718 square feet at 800 South Meadows Parkway, Suite 400 in Reno, Nevada. In this transaction Scott Shanks, SIOR and Dominic Brunetti, CCIM of the NAI Office Properties Group represented both parties, the landlord JC Arrows, LLC and the tenant Complete Family Care, LTD.
Press Release: Office Group
775 336 4600Northshore Construction Inc. leased 2,100 square feet at Mill@McCarran located at 1140 Financial Blvd, Suite 700, Reno, Nevada. In this lease transaction the Office Properties Group and the Industrial Properties Group represented the landlord Hidden Valley Tech Center, LLC.
Press Release: Office Group
775 336 4600Western Asbestos Settlement Trust leased 4,097 square feet at 300 East Second Street, Suite 1410 in Reno, Nevada. In this transaction the NAI Office Properties Group of Scott Shanks, SIOR and Dominic Brunetti, CCIM represented the landlord Park Center Tower, LLC.
Press Release: Retail Group775 336 4600NAI Alliance broker Gary Tremaine of the Retail division represented the Landlord of the Keystone Square in the renewal of 1,200 square feet to Jackson Hewitt. Keystone Square is located at the intersection of Keystone Avenue and Fifth Street in Reno, Nevada. Jackson Hewitt is located at 407 Keystone Avenue.
