Tanamera wins loan approval
April 19, 2004
Nevada State Bank said last week it provided a $7.9 million construction loan to Foothill Commerce Center, a 210,000- square-foot showroom and light industrial center in south Reno.
The loan covers approximately 120,000 square feet of space located in four of the six buildings in the Center.
Foothill Commerce Center is a subsidiary of Tanamera Resort Partners.
Tanamera Commercial Development constructed the project.
Brett Seabert, chief financial and operating officer for Tanamera Commercial Development, said about 75 percent of the project has been sold or is in escrow.