Developer: 1.13 million sq. ft. Park at McCarran industrial project to break ground in July – Northern Nevada Business Weekly

Developer: 1.13 million sq. ft. Park at McCarran industrial project to break ground in July – Northern Nevada Business Weekly


In all, 1.13 million square feet of new Class A industrial space will be split among five buildings ranging in size from 147,000 square feet to 317,000 square feet.
Courtesy photo

RENO, Nev. — The wheels of commerce have all but ground to a halt across Nevada, but that’s not stopping two local developers from kicking off a large industrial and retail project this summer.

Reno Land Inc. and Dermody Properties recently announced plans to construct 1.13 million square feet of industrial space and 35,000 square feet of retail at The Park at McCarran.

Last fall, Reno Land Inc. President and CEO Chip Bowlby purchased 104 acres east of Mill Street and McCarran Boulevard from the University of Nevada, Reno in an $18 million deal.

The Park at McCarran encompasses 60 acres, with the rest of the land devoted to water retention and floodplain mitigation. The main entrance for the project will be from Mill Street, with an additional entrance off Capital Boulevard at the south end of the site.

The 7.5-acre retail component will serve as the gateway to the industrial portion of the project and likely will include a mix of convenience stores, a gas station, bank, car wash, fitness center, and drive-through eateries, Bowlby says. There’s already been strong interest in leasing retail space at The Park at McCarran from many high-rated credit tenants, he adds.

The
Source…

Next Post

Aberdeen Standard implements simplified global real estate team under Slater - IPE Real Assets

Aberdeen Standard implements simplified global real estate team under Slater - IPE Real Assets

Subscribe US Now