Nuveen Real Estate Acquires Fully Occupied Industrial Portfolio In Reno For $90.2M

Nuveen Real Estate acquired an industrial portfolio consisting of five fully occupied buildings located at 4681 & 4689 Aircenter Circle and 4745, 4855 & 4980 Longley Lane in Reno, NV. The total square footage of the properties equals 497,875 square feet, with a sale price of $90.2 million, resulting in a price per square foot of $181.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $90,200,000
• Address: 4681 & 4689 Aircenter Circle, 4745, 4855 & 4980 Longley Lane
• Market: Reno, NV
• Buyer: Nuveen Real Estate
• Brokers: Jack Stamets, Jeff Chiate, Matt Leupold, Michael Matchett, Molly Hunt, Will Strong, Aubrie Monahan, Rick Ellison & Madeline Warren - Cushman & Wakefield
• Total Square Feet: 497,875
• Price Per Square Foot: $181

The properties were sold by Link Logistics and were represented by Cushman & Wakefield’s National Industrial Advisory Group in this transaction. This substantial portfolio is strategically located near the Reno-Tahoe International Airport, highlighting the investment's potential in industrial real estate.