Commercial real estate transactions
Horizon Christian Church
The church purchased a 4,606-square-foot office building at 1995 E. Prater Way. Ken Mattison of Coldwell Banker Commercial Clay & Associates represented the buyer. Roxanne Stevenson of Colliers International Reno represented the seller, Mountain America Federal Credit Union.
The company renewed its lease of 3,505 square feet at 730 Sandhill Road. David Woods and Matt Grimes of CBRE, Inc. represented the tenant. Tim Ruffin and Melissa Molyneaux of Colliers International Reno represented the landlord, Flocchini-Magnolia Properties, LLC and Van Wagner-Magnolia Properties, LLC.
EMPS leased 2,484 square feet at 4773 Caughlin Parkway. Tim Ruffin and Melissa Molyneaux of Colliers International Reno represented the tenant and the landlord, James J. Galloway.
BTI leased 2,104 square feet at the Reno Tahoe Tech Center, 10659 Professional Circle. Kevin Annis of ArchCrest Commercial Partners represented both the tenant and the landlord, Doolittle Investments.
Nevada Affordable Housing Assistance
The company leased 2,613 square feet at the Sierra Vista Office Campus, 10635 Double R Blvd. Melissa Molyneaux of Colliers International Reno represented the tenant. Mike Van Blaricom of ArchCrest Commercial Partners represented the landlord, Gerry Kirkpatrick.
Life Enhancement Products
The company purchased 16,800 square feet at 2555 Business Parkway in Minden. Dick Silvera of Silvera Commercial Real Estate represented the buyer.
Riddio Construction & Supply, Inc.
The company leased 12,000 square feet at 2225 E. Greg St. Gary Baker of The Baker Company represented the tenant.
Merit Electric Co.
Merit leased 11,206 square feet at 372 Wolverine Way. Gary Baker of The Baker Company represented the landlords, Jay and Victoria Greening.
Smith Power Products
The company leased an additional 5,874 square of warehouse space at 392 Wolverine Way. The Baker Company represented both the tenant and the landlord, Wolverine Business Park, LLC.
Bedrosian’s Tile & Stone
The company leased an additional 5,130 square feet of warehouse at 555 Glendale Ave. The Baker Company represented both the tenant and the landlord, Glendale Business Properties, LLC.
International Arts Megacrew
The company leased 22,592 square feet at 2530 Wrondel Way. Gary Baker of The Baker Company represented both the tenant and the landlords, David and Laura Finley.
99Cents Only Stores
The retailer leased 17,306 square feet at 5695 S. Virginia St. Gary Baker of The Baker Company, in conjunction with Ken Mattison of Coldwell Banker commercial Clay & Associates, represented landlord, DB Investments.
The store renewed its lease of 19,166 square feet at 4745 Longley Lane. The Baker Company represented the tenant.
Jenuane Communities Bella Rio, LLC
The company purchased 26 finished homesites at Bella Rio community on Anselmo Drive in west Reno. Mark Krueger of ArchCrest Commercial Partners represented the seller, Bella Rio 26, LLC.
Despite ongoing difficulties, Northern Nevada’s office real estate market will endure, experts predict
IGT’s decision to list its 1.2 million sq. ft. campus for lease this month and the recent $3.8 million sale of Harley Davidson’s 3-story financial services building in Carson City are the latest examples of companies no longer needing larger-scale office properties to maintain productivity levels and meet customer needs.