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Reno Industrial Deal 2nd Largest Industrial Land Transaction in Nevada History

Southern California-based, Mark IV Capital acquired Crossroads Commerce Center in Fernley, NV from a partnership between Sonterra Development Company, Nevada Pacific Investment Company, LLC, and the Logan Family Land Trust for $45 million. The 4,380-acre industrial sale is the second largest industrial land transaction in Nevada history.

Cushman & Wakefield’s Brian Armon, who handled the deal, says, “The park is particularly well-situated for major manufacturing and distribution centers serving the western states. It offers an abundance of level, buildable land with nearly no topographical constraints, excellent soils and water reserved exclusively for industrial and commercial development.”

The property straddles Interstate 80, at the confluence of Highway 95 and Highway 50, roughly 30 minutes east of Reno. Victory Logistics District will be constructed in phases, kicking off with an initial 7.5 million square feet of industrial space. With groundbreaking planned for 2020, the first phase is expected to be built out within seven to 10 years.

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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as 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, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

  • ◦Development
  • ◦Sale/Acquisition
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