Thursday, September 11, 2008

Marcus & Millichap Arranges Sale of 79,533-SF Single-Tenant Office Building in Reno, NV

RENO, NV – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has arranged the sale of a new, 79, 533-square foot single-tenant office building in Reno built by Tanamera Development LLC, a prominent Reno developer.

Nicholas Scelsa, (middle left photo) a senior vice president investments and director of Marcus & Millichap’s National Office and Industrial Properties Group in Sacramento, and Kenneth Blomsterberg, a vice president investments also in the firm’s Sacramento office, represented the seller.


Kirk Trammel, (bottom right photo)a senior vice president investments in the firm’s Palo Alto office; Will Stuart, a vice president investments also in the firm’s Palo Alto office; and Dan Goldenberg, an investment specialist in the firm’s Palo Alto office, represented the buyer.

“This new owner has acquired a brand new pride-of-ownership building with no landlord responsibilities and leased to a true-credit tenant for 10 years,” says Scelsa.

Located at 10375 Professional Circle, the 79,533-square foot building is situated on a 5.04-acre lot in the prestigious Reno Tahoe Tech Center and is within close proximity to the Reno Tahoe International Airport and has excellent visibility from Interstate 395.

Built in 2008, the office building also is near numerous restaurants and shopping in the area, including the Meadow Wood Regional Mall, which contains more than 900,000 square feet of department stores and shops.

Press Contact: Stacey Corso, Communications Department, (925) 953-1716

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