SendCutSend purchases building in Reno for nearly $4 million
RENO, Nev. — In a nearly $4 million deal, cloud-based custom fabrication company SendCutSend LLC is purchasing a building at 4835 Longley Lane in Reno.
The $3,941,661 transaction included a low-interest SBA 504 loan, with 10% down, facilitated by Nevada State Development Corporation; Heritage Bank of Nevada partnered in the financing package, according to a Sept. 24 press release.
“Our business has revolutionized the manufacturing industry due to our proprietary software and processes,” James Belosic, who co-founded SendCutSend in Reno in 2018, said in a statement. “It was time we took our company to the next level. Purchasing this building will do just that.”
Prior to launching SendCutSend, Belosic established software development firm Pancake Laboratories, which he owned and operated from 2010 to a sale in 2019.
SendCutSend co-founder Erin Belosic is a graduate of Duke University who also holds a master’s degree in education from the University of Nevada, Reno.
“We always like seeing a hard-working and innovative team like the one at SendCutSend pursue their dreams and have them come to fruition,” Sandy Gordon, vice president/business development officer with NSDC, said in a statement. “We see nothing but continued success for the business.”
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.