Fred Miller, SIOR, with Fennell & Associates, a Reno, Nevada based Commercial Real Estate firm, has completed the sale of 1.8 acres of vacant land located in North Reno just off North Hills Boulevard.

Ron Boles, CCIM, with Fennell & Associates, commercial real estate solutions, has represented Clarkson Plaza, LLC in the sale of 3004 Kietzke Lane, a 25,000 square foot shopping center anchored by Big-O Tires.  The purchase price of $3,975,000 was obtained despite the last minute pull out of the buyer’s lender.  Seller financing was the key to making this transaction work in today’s market.

Ron Boles of Fennell & Associates, commercial real estate solutions in Reno, Nevada has represented Baring Village LLC in the purchase of 720 Baring Village, a 16,000 square foot shopping center for $2,650,000.  The transaction structured by Ron included a 1031 trade of a 50% interest in an office building with a lease back as a down payment.  The financing by Bank of America included tenant improvements for vacant space in the center that the new owner will be using.

Would like to congratulate Tom Young for representing the Sellers of three properties at Victorian Square to the Sparks Redevelopment Authority.

Harvey Fennell has just listed vacant land at Prototype Court in the South Meadows Business District.  .77 acres with .77 acre feet of water.  Ideal for light industrial or office building.  Contact Harvey at 775.850.3100 for more information.

Tom Eberle has recently closed the sale of his client’s industrial building at 740 Bennie Lane.  Good work, Tom!

Fred Miller and Harvey Fennell of Fennell & Associates successfully completed a 16 acre land acquisition between Reno Gateway, LLC and Montreux Development Group.  Reno Gateway, LLC has no immediate plans for development of the 16 acres in Montreux.  Reno Gateway, LLC is a Hunt Valley, Maryland based investor group.