RENO, NV—Panattoni Development has closed escrow on 96 acres of industrial land in the North Valleys submarket of Reno, NV located near the intersection of Lemmon Valley Dr. & HWY 395.
The North Valley Commerce Center will offer 2 buildings totaling over 1.4 million square feet. The project, broke ground last week on phase-one and includes a 707,660 square foot building, the largest spec project ever built in the region.
The cross-dock state of the art facility will have 36' clear height; LED lighting; 8,000 amps; 7” floors and ample parking for autos and trailers.
Michael Nevis, along with Michael Hoeck, Dave Simonsen, and Steve Kucera, of The NAI Alliance Industrial Properties Group represented the seller in this transaction. NAI will lease the project on behalf of Panattoni.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
