Majestic to Deliver 1.5M Square Feet to Reno Industrial Market
Majestic Realty has announced it has fully pre-leased Reno Commercenter I, the firm’s first industrial development in Reno, NV. Majestic also announced it’s moving forward with two new development projects that will provide a total of 1.5 million square feet of Class-A distribution and manufacturing space to the Reno market.
“We’ve been watching the blossoming markets in the southwest part of the country and seeing just how many of these companies need resources to service the west coast,” said Majestic’s John Jo. “Now that the market is exploding, we’re poised to take advantage of this highly attractive business environment.”
Majestic Reno Commercenter I (MRC I) is a two-building development totaling 515,000 square feet, located on North Virginia Street. MRC II is 246,000 square feet and will be located across the street from MRC I. MRC III (pictured) is 693,000 square feet and is located on Milan Drive in the Sparks, NV submarket.
Mark comes to ConnectCRE with an extensive background as a business and news reporter in San Francisco radio, as well as 35 years as a traffic reporter on several stations including KGO, KNBR, KCBS and KFRC. As a business reporter, Mark covered the tech world in Silicon Valley where he became familiar with real estate transactions in the hot Bay Area marketplace. He attended San Jose State University with a BA in Radio and TV Broadcasting and currently resides in the Lake Tahoe area where he gets to frequently enjoy all of his favorite activities: Golfing, Fishing, Hiking and Skiing.
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