SAN FRANCISCO – HFF announced today that it has closed the sale of 9085 Moya Boulevard, a 336,000-square-foot, Class A bulk distribution warehouse in Reno, Nevada.
HFF co-brokered the sale with NAI Alliance on behalf of the seller, Panattoni Development Company. KTR Capital Partners, LLC purchased the asset for an undisclosed amount free and clear of debt.
The property is situated on 17.46 acres within the Red Rock Business Center along US Highway 395 just north of the Interstate 80 interchange. Completed in 2001 and 90 percent leased, 9085 Moya Boulevard is a crossdock building, which features 30-foot ceiling heights, 130-foot truck courts and 42 loading docks with the capability to add 34 additional doors.
The HFF team representing the seller was led by managing director Steven Golubchik and director John Simerlein. NAI Alliance was represented by Mike Nevis.
Panattoni Development Company (www.panattoni.com) is a privately-held, full-service development company founded in 1986. The firm has completed in excess of 175 million square feet of commercial projects globally. Panattoni has developed industrial, office and flex facilities in 278 cities located in 29 states and nine countries. The firm is headquartered in California and maintains offices throughout the United States, Canada and Europe.
KTR Capital Partners is a real estate investment, development and operating company focused exclusively on the industrial property sector. Headquartered in New York City with offices in Philadelphia, Chicago, Dallas, Las Vegas, Los Angeles and Miami, KTR has a 75-person platform that manages a series of discretionary value-add investment funds that target opportunities throughout major markets in North America. KTR’s funds currently own a portfolio of approximately 53 million square feet across North America and provide nearly $7 billion of investment capacity. For additional information, please visit www.ktrcapital.com.
NAI Alliance is the premier commercial real estate firm in Northern Nevada, specializing in the sale, leasing and management of office complexes, retail shopping centers and industrial warehouse buildings in conjunction with land, multifamily and investment properties. As a member of NAI Global, NAI Alliance is a part of 350 offices, with 5,000 professionals in 55 countries with $45 billion in transaction volume and more than 300+ million square feet managed worldwide. For additional information, please visit www.naialliance.com.
HFF (Holliday Fenoglio Fowler, L.P.) and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 22 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF together with its affiliate HFFS offer clients a fully integrated national capital markets platform including debt placement, investment sales, equity placement, advisory services, loan sales and commercial loan servicing. For more information please visit www.hfflp.com or follow HFF on Twitter at www.twitter.com/hff.
Holliday Fenoglio Fowler, L.P., acting by and through Holliday GP Corp., a real estate broker licensed with the California Department of Real Estate, License Number 01385740.