AEW Capital Management acquired the South Reno Industrial Portfolio, a three-building industrial campus totaling approximately 392,000 square feet on 20 acres in Reno. The campus was sold by WHI and McKenzie Properties. The campus sold for $83.2 million.
The South Reno Industrial Portfolio consists of three concrete tilt-up buildings: Building A at 12910 Old Virginia Road totals 126,000 square feet; Building B at 12920 Old Virginia Road totals 124,000 square feet; and Building C at 12930 Old Virginia Road totals 141,000 square feet .
Each building features flexible demising options. It was 92% leased at the time of the sale. The property offers immediate access to I-580 and is situated just 15 minutes from Reno-Tahoe International Airport.
Cushman & Wakefield’s Industrial Advisory Team, including Will Strong, Michael Matchett, Molly Miller, Jack Stamets, Madeline Warren, Jeff Chiate, Rick Ellison, Matthew Leuopold and Aubrie Monahan, partnered with the firm’s Mike Nevis and Shawn Jaenson to represent the sellers and procure the buyer in the transaction.
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