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Transactions - JULY 30, 2024

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JV sponsored by Tolles Dev. secures $114m in financing for industrial warehouse distribution property in Reno, Nev.

by Denise Moose

A joint venture sponsored by Tolles Development has secured $114 million to finance Airway Commerce Center, a newly built 893,000-square-foot industrial warehouse distribution property located in Reno, Nev.

Barings provided the financing for the borrower. CBRE advised the sponsorship on the financing.

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