{"id":1004744517,"date":"2025-01-28T04:54:17","date_gmt":"2025-01-28T12:54:17","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004744517"},"modified":"2025-01-28T04:54:20","modified_gmt":"2025-01-28T12:54:20","slug":"nuveen-pays-90m-for-industrial-portfolio","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/nuveen-pays-90m-for-industrial-portfolio\/","title":{"rendered":"Nuveen Pays $90M for Industrial Portfolio"},"content":{"rendered":"\n<p>Nuveen Real Estate has acquired a fully occupied, five-building infill industrial portfolio totaling 497,875 square feet in Reno, Nev., next to the Reno-Tahoe International Airport. Link Logistics sold the properties for $90.2 million.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-full is-resized\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/01\/4745-Longley-Lane-in-Reno-Nev.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"620\" data-attachment-id=\"1004744554\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/nuveen-pays-90m-for-industrial-portfolio\/4745-longley-lane-in-reno-nev\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/01\/4745-Longley-Lane-in-Reno-Nev.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"4745 Longley Lane in Reno, Nev.\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;The five-building collection Nuveen purchased from Link Logistics includes 4745 Longley Lane. Image courtesy of Cushman &#038; Wakefield&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/01\/4745-Longley-Lane-in-Reno-Nev.jpg?w=800\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/01\/4745-Longley-Lane-in-Reno-Nev.jpg\" alt=\"4745 Longley Lane in Reno, Nev.\" class=\"wp-image-1004744554\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/01\/4745-Longley-Lane-in-Reno-Nev.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/01\/4745-Longley-Lane-in-Reno-Nev.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/01\/4745-Longley-Lane-in-Reno-Nev.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><\/a><figcaption class=\"wp-element-caption\">The five-building collection Nuveen purchased from Link Logistics includes 4745 Longley Lane. <em>Image courtesy of Cushman &amp; Wakefield<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>The seller was represented by Cushman &amp; Wakefield\u2019s National Industrial Advisory Group, which includes Jeff Chiate, Rick Ellison, Matt Leupold and Aubrie Monahan of the firm\u2019s National IAG\u2014West team, in collaboration with Will Strong, Michael Matchett, Jack Stamets, Molly Hunt and Madeline Warren of the firm\u2019s National IAG\u2014Mountain West team.<\/p>\n\n\n\n<p>Limited industrial inventory in Reno helps to give Nuveen an edge.<\/p>\n\n\n\n<p>The five freestanding buildings at 4681 and 4689 Aircenter Circle and 4745, 4855 and 4980 Longley Lane cover 27 acres. Suites range in size from 19,000 to 153,000 square feet. Features include 24-to-25-foot clear heights, extensive loading capabilities with 68 dock-high and 11 grade-level doors, as well as power to support wide-ranging operational needs.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-nevada-s-fast-growing-industrial-market\">Nevada&#8217;s fast-growing industrial market<\/h2>\n\n\n\n<p>Reno\u2019s strong labor pool, industrial demographics and diverse transportation options have made it one of the fastest-growing industrial markets.<\/p>\n\n\n\n<p>&#8220;Over the past decade, Tesla and other major companies have transformed Northern Nevada into a hub for e-commerce, logistics and manufacturing,\u201d Bryce Clutts, president &amp; CEO of Reno-based Metcalf Builders, told <em>Commercial Property Executive<\/em>.<\/p>\n\n\n\n<p>\u201cWith large corporations such as Walmart, Google, Apple and Microsoft establishing key operations at the Tahoe Regional Industrial Center\u2014and the many supporting businesses they attract\u2014the demand for industrial and manufacturing development has grown significantly.\u201d<\/p>\n\n\n\n<p>This has become a primary focus for the Economic Development Authority of Western Nevada, as the region works to diversify its economy, he said.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ ALSO<\/strong>: <a href=\"https:\/\/www.commercialsearch.com\/news\/industrial-report-december-2024-commercialedge\/\">Industrial Report: Sector Settles After Supply Surge<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p>General contractor Metcalf Builder will break ground next month on its latest industrial development at the Tahoe Regional Industrial Center.<\/p>\n\n\n\n<p>Clutts also highlighted Nevada\u2019s business-friendly economy as a key factor driving companies to relocate or expand to Northern Nevada, particularly in comparison to California.<\/p>\n\n\n\n<p>\u201cThe quality of life for employees and the excellent options available in Nevada have been compelling reasons for businesses moving here,\u201d he added.<\/p>\n\n\n\n<p>In July, <a href=\"https:\/\/www.commercialsearch.com\/news\/barings-provides-114m-loan-for-reno-industrial-asset\/\">Barings supplied a $114 million loan<\/a> to finance Airway Commerce Center, a recently completed warehouse\/distribution property in Reno.<\/p>\n\n\n\n<p>Approximately 900,000 square feet, the asset was developed by Tolles Development and its equity partners. Of the four buildings, the largest stands at 435,500 square feet.<\/p>\n\n\n\n<p>Also that month, <a href=\"https:\/\/www.commercialsearch.com\/news\/clarion-partners-buys-reno-industrial-facility-for-42m\/\">Clarion Partners acquired<\/a> the 322,400-square-foot industrial building at 500 Denmark Drive in McCarran, Nev. Pure Development sold the asset for $41.7 million.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The five-building collection is situated in a supply-constrained market. <\/p>\n","protected":false},"author":3568,"featured_media":1004744554,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21748,21783,21742,15],"tags":[32799,51531,43901],"class_list":["post-1004744517","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industrial","category-investment","category-latest","category-west","tag-cushman-wakefield","tag-link-logistics","tag-nuveen-real-estate"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Nuveen Pays $90M for Industrial Portfolio - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Nuveen Real Estate has acquired an industrial portfolio in Reno, Nev., next to the Reno-Tahoe International Airport, from Link Logistics.\" \/>\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\/nuveen-pays-90m-for-industrial-portfolio\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nuveen Pays $90M for Industrial Portfolio\" \/>\n<meta property=\"og:description\" content=\"Nuveen Real Estate has acquired an industrial portfolio in Reno, Nev., next to the Reno-Tahoe International Airport, from Link Logistics.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/nuveen-pays-90m-for-industrial-portfolio\/\" \/>\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=\"2025-01-28T12:54:17+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-01-28T12:54:20+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/01\/4745-Longley-Lane-in-Reno-Nev.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Richard Berger\" \/>\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\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/nuveen-pays-90m-for-industrial-portfolio\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/nuveen-pays-90m-for-industrial-portfolio\/\",\"name\":\"Nuveen Pays $90M for Industrial Portfolio - 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