The partnership will result in the delivery
of a 180K SF building in Reno's North Valleys submarket in summer of
2025
RENO,
Nev., July 9, 2024 /PRNewswire/ -- Mohr
Capital has partnered with Standard Real Estate Investments to
develop a 180,000-square-foot industrial facility in Reno, NV. The 11-acre site, located at 9865
North Virginia Street in the North Valleys submarket, will be
developed as a multi-tenant industrial building.
The project is helmed by Mohr Capital, with Standard REI serving
as the equity JV partner, FCL Construction as the general
contractor, Techtonics Design Group as the civil engineer and
architect, and Stearns Bank as the
construction loan lender.
The property will consist of a single-story building, designed
with future logistics and distribution tenants in mind. Other
features will include the following:
- Large grade-level, drive-in doors (14 x 16 ft)
- 32-foot clear height
- Options to build office spaces on the end caps and in-line
- 25 dock positions outfitted with 40,000-lb. levelers and
seals
- Motion-sensing LED light fixtures
- ESFR fire protection sprinkler system
- Roof-mounted, gas-fired make-up air units
This industrial building is slated for completion in the summer
of 2025.
Reno's emergence as a key
strategic distribution hub has catalyzed significant growth across
manufacturing, logistics, and data center sectors.
"Reno's emergence as a key
distribution hub has not only diversified the city's industrial
base, but has also created a robust economic environment," said
Tom Theobald, senior vice president
of development at Mohr Capital. "This project capitalizes on
Reno's pivotal role and attractive
position as a destination for forward-looking logistics and
distribution partners."
This is Mohr Capital's second industrial project in Reno, and their first with Standard REI. Mohr
Capital has developed other logistics complexes in prime industrial
markets throughout the country, including Indianapolis, IN and Phoenix, AZ.
About Mohr Capital
Mohr 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 U.S. The Mohr Capital team has decades of experience
in commercial real estate and has completed more than $2.5 billion in transactions. Guided by a
value-driven strategy and an entrepreneurial spirit, the company
relies on strong, long-term relationships and possesses keen market
insights needed to capitalize on undervalued and underperforming
properties. With its family office structure, Mohr Capital can
close quickly and has a proven track record of delivering the
highest risk-adjusted returns.
To learn more about Mohr Capital, visit: www.mohrcap.com.
About Standard Real Estate Investments
Standard Real Estate Investments (Standard) is a minority-owned
real estate investment firm that operates real estate directly and
allocates LP joint venture equity to developers. The company
executes strategies across property sectors with a current focus on
workforce housing and industrial parks. Standard invests nationwide
and maintains offices in Los Angeles,
California and Washington,
D.C. The leadership team at Standard has invested in assets
valued at $8 billion in total.
For more information visit www.standardrei.com.
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SOURCE Mohr Capital