Panattoni Sells Reno Industrial Facility for $21M
A luxury kitchen and bath appliances supplier picked up the asset.
The post Panattoni Sells Reno Industrial Facility for $21M appeared first on Commercial Property Executive.
A luxury kitchen and bath appliances supplier picked up the asset.
The post Panattoni Sells Reno Industrial Facility for $21M appeared first on Commercial Property Executive.
The asset last traded more than a decade ago.
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JLL brokered the deal on behalf of the seller.
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New issues are expected to reach $110 billion in 2025. But challenges are mounting.
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This is the largest office lease in Silicon Valley since 2023.
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The industrial building spans more than 600,000 square feet.
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Scenarios differ widely, and it's time to prepare, experts advised at the annual event.
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FORUM is opening in a market that has slowed noticeably over the past 12 months.
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Deliveries are outpacing most other major markets, according to CommercialEdge data.
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A global investment manager is the assets' new owner.
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The asset sold at a notable discount compared to its previous transaction.
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The global electronics maker plans to invest up to $450 million in an AI server manufacturing facility.
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More than half of the collection’s footprint is concentrated in the Sun Belt.
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Sutter Health is the property’s tenant.
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Safelite is the sole tenant of the facility, occupying it entirely.
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The facility achieved LEED Gold certification.
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The campus will take shape on a 96-acre lot, home to a nearly 1 million-square-foot industrial facility.
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The project represents one of the largest investments in North Carolina’s history.
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The asset traded at a 42 percent loss.
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The sale closed in three tranches.
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