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| 9085 Moya Boulevard Bulk Distribution Warehouse, Reno, NV |
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| Steven Golubchik |
SAN FRANCISCO, CA – HFF announced today that it has closed
the sale of 9085 Moya Boulevard, a 336,000-square-foot, Class A bulk
distribution warehouse in Reno, Nevada.
HFF co-brokered the sale with NAI Alliance on behalf of the
seller, Panattoni Development Company.
KTR Capital Partners, LLC purchased the asset for an undisclosed amount
free and clear of debt.
The property is situated on 17.46 acres within the Red
Rock Business Center along US Highway 395 just north of the Interstate 80
interchange.
Completed in 2001 and 90 percent leased, 9085 Moya Boulevard
is a crossdock building, which features 30-foot ceiling heights, 130-foot truck
courts and 42 loading docks with the capability to add 34 additional doors.
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| John Simerlein |
The HFF team representing the seller was led by managing
director Steven Golubchik and director John Simerlein. NAI Alliance was represented by Mike
Nevis.
Panattoni Development Company (www.panattoni.com)
is a privately-held, full-service development company founded in 1986.
The firm has
completed in excess of 175 million square feet of commercial projects
globally.
Panattoni has developed industrial, office and flex
facilities in 278 cities located in 29 states and nine countries. The firm is headquartered in California and
maintains offices throughout the United States, Canada and Europe.
KTR Capital Partners is a real estate investment,
development and operating company focused exclusively on the industrial
property sector.
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| Mike Nevis |
Headquartered in New York City with offices in Philadelphia,
Chicago, Dallas, Las Vegas, Los Angeles and Miami, KTR has a 75-person platform
that manages a series of discretionary value-add investment funds that target
opportunities throughout major markets in North America.
KTR’s funds currently own a portfolio of approximately 53
million square feet across North America and provide nearly $7 billion of
investment capacity. For additional
information, please visit www.ktrcapital.com.
NAI Alliance is the premier commercial real estate firm in
Northern Nevada, specializing in the sale, leasing and management of office
complexes, retail shopping centers and industrial warehouse buildings in
conjunction with land, multifamily and investment properties.
As a member of NAI Global, NAI Alliance is a
part of 350 offices, with 5,000 professionals in 55 countries with $45 billion
in transaction volume and more than 300+ million square feet managed worldwide. For additional information, please visit www.naialliance.com.
For a complete copy of the company’s news release, please
contact:
Kristen M. Murphy
Associate Director
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell:
617-543-4873 | www.hfflp.com
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