{"id":1004122058,"date":"2015-06-26T06:32:18","date_gmt":"2015-06-26T14:32:18","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004122058"},"modified":"2020-05-21T23:39:14","modified_gmt":"2020-05-22T07:39:14","slug":"nevada-industrial-property-changes-hands","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/nevada-industrial-property-changes-hands\/","title":{"rendered":"Reno-Area Order for E-Commerce"},"content":{"rendered":"

By Keith Loria, Contributing Editor<\/em><\/p>\n

CBRE Global Investors<\/a> has acquired a single-tenant, Class A warehouse\/distribution industrial property in McCarran, Nev., on behalf of a U.S. separate account client.<\/p>\n

The 707,010-square-foot property is fully leased on a long-term lease to Zulily Inc.<\/a>, an e-commerce company selling clothing, toys and home products catering towards mothers and children.<\/p>\n

\"Industrial_Post\"<\/p>\n

Located at 3200 USA Parkway, the property is situated in the Tahoe Reno Industrial Center<\/a>, a master-planned industrial park located 12 miles east of Reno on I-80.<\/p>\n

\u201cIndustrial is a very in-demand asset class at this time, and we were able to acquire a newly built, high-quality asset that should deliver a secure income stream to our client, in excess of yields that would be achieved on a similar industrial product,\u201d Mike Everly, CBRE Global Investors\u2019 portfolio manager, said in a company statement.<\/p>\n

The property was developed as a build-to-suit basis in 2014 for Zulily Inc., and is among the newest deliveries to the Reno-Sparks MSA. The building contains state-of-the-art features that serve the tenant\u2019s e-commerce requirements and future growth needs. Top features include a 36-foot clear height, ESFR sprinklers, cross-dock loading, 2 percent office build-out, T-5 lighting, and LEED Silver certification (Core + Shell).<\/p>\n

The Reno area has become a major player in the e-commerce world, as it provides proximity to major West Coast ports, and has the ability to reach the 11 westernmost states with one-day shipping, and has great access to multimodal transportation corridors.<\/p>\n

According to Colliers International\u2019s Reno Q1 Office Market Report & Forecast<\/a>, the Northern Nevada office market had a respectable level of leasing activity in the first quarter.<\/p>\n

In fact, the first quarter finished with 26,166 square feet of positive net absorption. The report predicts annual net absorption of about 100,000 square feet.<\/p>\n","protected":false},"excerpt":{"rendered":"

What’s not to love about an industrial asset with a long-term e-commerce lease? <\/p>\n","protected":false},"author":451,"featured_media":1004122065,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21748,21783,21742],"tags":[],"class_list":["post-1004122058","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industrial","category-investment","category-latest"],"acf":[],"yoast_head":"\nReno-Area Order for E-Commerce - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/nevada-industrial-property-changes-hands\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Reno-Area Order for E-Commerce\" \/>\n<meta property=\"og:description\" content=\"What's not to love about an industrial asset with a long-term e-commerce lease?\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/nevada-industrial-property-changes-hands\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2015-06-26T14:32:18+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-05-22T07:39:14+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/06\/Industrial_Cover.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1632\" \/>\n\t<meta property=\"og:image:height\" content=\"987\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Keith Loria\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/nevada-industrial-property-changes-hands\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/nevada-industrial-property-changes-hands\\\/\"},\"author\":{\"name\":\"Keith Loria\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/aaa29b723dad85f2444ae3cb0c4d735f\"},\"headline\":\"Reno-Area Order for E-Commerce\",\"datePublished\":\"2015-06-26T14:32:18+00:00\",\"dateModified\":\"2020-05-22T07:39:14+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/nevada-industrial-property-changes-hands\\\/\"},\"wordCount\":294,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/nevada-industrial-property-changes-hands\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2015\\\/06\\\/Industrial_Cover.jpg\",\"articleSection\":[\"Industrial\",\"Investment\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/nevada-industrial-property-changes-hands\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/nevada-industrial-property-changes-hands\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/nevada-industrial-property-changes-hands\\\/\",\"name\":\"Reno-Area Order for E-Commerce - 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