Through this partnership, 180K Sci-Fi Building Reno North Valley Submarket in Summer 2025
Reno, Nevada, July 9, 2024 LONDON, Oct 23, 2020 /PRNewswire/ — Mohr Capital has partnered with Standard Real Estate Investments to develop a 180,000-square-foot industrial facility. Reno, Nevada. The 11-acre site, located at 9865 North Virginia Street in the North Valley District submarket, will be developed into a multi-tenant industrial building.
The project is led by Moore Capital, with Standard REI as joint venture partner, FCL Construction as general contractor, Tectonics Design Group as civil engineer and architect, and Stearns Bank As a construction loan lender.
Rendering provided by Mohr Capital.
The property is a single-storey building designed with future logistics and distribution tenants in mind. Additional features include:
- Large ground level drive-in door (14 x 16 ft.)
- 32ft clear height
- Option to build office space inline with end caps
- 25 dock positions with 40,000 lb levelers and seals
- Motion sensor LED lighting fixture
- ESFR Fire Sprinkler System
- Roof mounted gas fired make-up air unit
The industrial building is scheduled for completion in the summer of 2025.
Reno Its emergence as a key strategic distribution hub has spurred significant growth in the manufacturing, logistics and data center sectors.
“Reno “Its emergence as a major distribution hub has not only diversified the city’s industrial base but also created a strong economic environment.” Tom Theobald“This project is Reno It has established a vital role and an attractive position for a future-oriented logistics and distribution partner.”
This is Moore Capital’s second industrial project. RenoThis is Moore Capital’s first project with Standard REI. Moore Capital is developing other logistics facilities in major industrial markets across the country. Indianapolis, Indiana and Phoenix, Arizona.
About Moore Capital
Moore Capital is a privately held real estate investment firm specializing in the acquisition, development and value exchange of office, industrial, healthcare, hospitality and retail assets throughout the United States. The Moore Capital team has decades of experience in commercial real estate and $2.5 billion In our transactions, we are guided by a value-driven strategy and entrepreneurial mindset, rely on strong, long-term relationships, and have the sharp market insight necessary to capitalize on undervalued and under-returnable real estate.Our family office structure enables Mohr Capital to close transactions quickly and has a proven track record of realizing the highest risk-adjusted returns.
For more information about Mohr Capital, please visit www.mohrcap.com.
Standard Real Estate Investment
Standard Real Estate Investments (Standard) is a minority-owned real estate investment company that both directly manages properties and allocates LP joint venture interests to developers. The company is executing strategies across the entire real estate sector, with a current focus on workforce housing and industrial parks. Standard has investments and offices throughout the country. Los Angeles, California and Washington DC Standard’s management team: $8 billion In total.
For more information, please visit www.standardrei.com.
Source: Moore Capital
