CapRock Partners announced the acquisition of two industrial assets totaling 177,100 square feet in Sparks, Nev. The two buildings, located at 120 and 250 Greg St., are free-standing mid-bay warehouses within the Reno industrial real estate market’s Sparks infill submarket.
CapRock acquired 120 and 250 Greg St. from an owner-user in an off-market transaction.
“Reno is a critical location in the Western U.S. supply chain and a leader in sustained industrial rent growth,” said Chad Ridenour, senior associate at CapRock Partners. “120 and 250 Greg Street present an opportunity to bring our team’s depth of experience to improve and modernize two in-demand warehouse properties while enhancing the local business community’s efficiency and appeal and provide returns to our investors.”
120 and 250 Greg St. are neighboring properties sharing a common entrance and truck court. 120 Greg St. totals 94,000 square feet and features eight dock-high doors, and thr
