A joint venture, sponsored by Tolles Development, has received a $114 million loan to fund an industrial warehouse hub in West Cost.

The property, known as Airway Commerce Center, features 893,000 square feet of space. The distribution center is located in Reno, Nevada.

CBRE advised on the deal, while Barings provided the loan.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.