AEW Acquires Reno Industrial for $93M

Southwest Commerce Center, a fully occupied portfolio of six industrial buildings totaling more than one million square feet within Reno, NV’s South submarket has sold for $93.2 million. AEW Capital Management acquired the property from Barings Real Estate Advisers, which divested it on behalf of an institutional investor.

The portfolio is located at 875 and 895 E. Patriot Blvd., 450 Maestro Dr., 7525 Colbert Dr., 3450 Airway Dr. and 5555 Quail Manor Ct. The single and multi-tenant buildings were built in four phases between 1997 and 2001, and the overall project is situated on more than 50 acres.

NKF Capital Markets’ Kevin Shannon, Steve Golubchik and Bret Hardy represented the seller. The buyer was self-represented.

Hardy says, “Southwest Commerce Center was a rare opportunity for an investor to acquire a critical mass of core, Class A industrial assets, within the best submarket in Reno.”

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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

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AEW Acquires Reno Industrial for $93M

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National CRE News In Your Inbox.

AEW Acquires Reno Industrial for $93M

Inside The Story

About Dennis Kaiser