Mark IV Capital has acquired Crossroads Commerce Center, an industrial and commercial mixed-use property in Fernley, Nevada. The property is a 4,300-acre piece of land in an opportunity zone. Mark IV is planning what is has called a “transformational” master planned development, which has been rebranded as Victory Logistics District.

Mark IV purchased the property in partnership with Heath Rushing of New Nevada Resources. The investors will transform the property into a class-A distribution, manufacturing and commercial center.

Brett Edwards and Rex Massey of CBRE represented the buyers in the transaction. Ross Pfautz, VP of development and asset management, at Mark IV will oversee the transaction.

 

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.