National CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Google Picks Up 1,200 Acres Near Reno
An Alphabet Inc. affiliated entity called Silver Slate LLC acquired 1,210 acres east of Reno, NV for $29.1 million. The vacant site, within the 107,000-square-foot Tahoe Reno Industrial Center (TRIC), is envisioned to be developed as a data center for Google.
Reno is emerging as a corporate facility location that offers lower costs, business-friendly permitting, as well as relative proximity to the Silicon Valley. Roughly 130 companies are at the industrial campus, including Tesla Motor Co., Wal-Mart Stores Inc., Switch, Alcoa Inc. and PetSmart.
A facility at TRIC would help Google push toward cloud computing, and will support its core internet business. A new fiber-optic connection links the site with the Silicon Valley, Los Angeles and Las Vegas, and allows data to be delivered around the loop in less than 14 milliseconds.
L. Lance Gilman Commercial Real Estate Services’ Lance Gilman represented TRIC.
Subscribe to Connect Daily National
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition
