Cushman & Wakefield announced that members of its National Industrial Advisory Group (IAG) have arranged the sale of an infill industrial portfolio totaling approximately 497,875 square feet across five buildings in Reno, Nev. Located next to the Reno-Tahoe International Airport, the portfolio is currently 100 percent leased. Nuveen Real Estate acquired the asset for an undisclosed price.
Cushman & Wakefield’s National IAG – West team in collaboration with the firm’s National IAG – Mountain West team represented the seller.
“Reno industrial portfolio is an institutional-quality asset, strategically located in Northern Nevada with airport adjacency,” said Jeff Chiate, executive vice chair at Cushman & Wakefield. “Its modern building features and functionality, as well as strong tenancy and mark-to-market potential, make the portfolio an excellent investment opportunity for the new owner. Additionally, limited industrial inventory in Reno makes