Commercial Real Estate 03-03-26

Aerial shot of industrial campus in south Reno
Credit: ConnectCRE

Sales Transactions

1. AEW Capital Management acquired the South Reno Industrial Portfolio, a three-building industrial campus totaling 392.9KSF at 12910, 12920 and 12930 Old Virginia Road in Reno fromWHI and McKenzie Properties. The portfolio spans nearly 20 acres and was 92.1% leased at the time of sale. The campus’s A, B and C buildings are 126.9KSF, 124.6KSF and 141.4KSF, respectively. Cushman & Wakefield’s Will Strong, Michael Matchett, Molly Miller, Jack Stamets, Madeline Warren, Jeff Chiate, Rick Ellison, Matthew Leuopold, Aubrie Monahan, Mike Nevis and Shawn Jaenson represented the sellers and procured the buyer. The property sold for $83.2M.

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Mark Hobaica

Mark Hobaica

Executive Vice President

Core Construction

Since 2019, as CORE Construction’s Executive Vice President for Nevada, Mark ensures every client CORE serves receives the highest level of personalized care for every project. Mark’s passion is client Trust. He cares deeply about CORE’s reputation, partnerships and providing the highest quality and services, as well as most honest and best value possible. He has worked in the Las Vegas Valley and for the Public Works sector for nearly 35 years. He began as an owner in a local architectural firm designing and overseeing projects for Public Works clients for nearly 12 years. He clearly understands the expectations of the public sector, as he then directed numerous projects for over 16 years as the City Architect for the City of Henderson. His focus has always been delivering projects using CMAR or Construction Manager at Risk as he has implemented dozens of projects with his trusted approach, while always involving every stakeholder to ensure each individual receives the highest level of services expected.