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Phoenix & Southwest  + Southwest  + Industrial  |  April 24, 2026
Southern Way Industrial
Mike Boyd
By: Mike Boyd

Investor Duo Snags $71M Reno-Area Warehouse Refi

Bendetti and Singerman Real Estate (SRE) completed the $71 million off-market recapitalization of an industrial portfolio consisting of three single- and multi-tenant buildings in Sparks, Nevada. Commercial Search reports Bendetti acquired the assets in 2016. In 2019, the company took out a permanent loan from Voya Financial that was set to mature later this year.

The portfolio, known as Southern Way Industrial, totals 635,000 square feet across a 21-acre site. The portfolio was 54% occupied at closing. The buildings were completed between 1974 and 1977. the site is close to the Reno-Tahoe International Airport and Interstate 80. Downtown Reno, Nev., is also within 5 miles.

The portfolio has recently undergone extensive renovations, including new roofs, upgraded landscaping, refreshed exterior facades, a standardized tenant signage program, and new monument signage.

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Bendetti

About Mike Boyd

Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.
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