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Transactions - JANUARY 24, 2020

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Clarion Partners buys industrial center in Reno, Nev.

by Released

Clarion Partners has acquired Lear Industrial Center, a four-building, class A, multitenant business park totaling 1.4 million square feet in Reno, Nev., for $117.3 million.

Panattoni Development Co. was the seller.

Lear Industrial Center was developed by the seller between 2005 and 2008 to the highest institutional standards. The state-of-the-art buildings feature 30-foot clear heights, ESFR sprinklers, flexible floorplans, 164 dock-high doors, 32 grade-level doors and ample parking. Situated on 73.66 acres at 6640, 6645 and 6650 Echo Ave. and 12995 Echo Court, the park is within the North Valleys Industrial submarket and less than a mile from Reno-Stead Airport and less than two miles from U.S. Route 395, which along with proximity to Interstates 80 and 580, provides tenants access to one- and two-day truck service to Seattle, Phoenix, Denver, Los Angeles, Salt Lake City, Sacramento and San Francisco. Additionally, Lear Industrial Center is less than 12 miles from Un

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