DCG’s Industrial team, Nick Knecht, CCIM, Joel Fountain, SIOR, and Baker Krukow, along with DCG Principal Tom Fennell, SIOR, CCIM, represented the seller, Sierra Nevada Media Group, in the disposition of 580 Mallory Way in Carson City, Nevada. The 90,056-square-foot industrial building was purchased by real estate and investment management firm Greenlaw Partners, for $11,300,000, with plans to lease the space to Bruce Aerospace. Currently located in Dayton, Nevada, Bruce Aerospace is an elite producer of aircraft interior lighting systems. Bruce Aerospace plans to occupy the Mallory Way Location in 2023 after completing building modifications.
The property was formerly home to the corporate offices for the Sierra Nevada Media Group dba Questor Corporation, who was a predominant media provider in destination communities around the west. The building featured corporate offices as well as a modern printing press that produced many local and regional newspapers. The press area was disassembled and sold as part of Questors’ disposition process. The building offers over 54,000 square feet of production area, with the majority of the 35,000 square foot office area remodeled in 2017.
DCG exclusively represented the ownership group in the disposition of the building which included a competitive bid situation at the outset of the transaction, followed by a lengthy due diligence process that took place during a rapidly changing interest rate environment.
“Working with the team at DCG made all the difference to a very successful outcome. This particular transaction presented some unique challenges and at every step along the way, from the original listing to the final close, Tom, Joel, Baker, and Nick, provided keen insights, pragmatic advice, and deft negotiating skills, never once letting even the smallest detail slip. And they are an absolute pleasure to work with. We’ve interacted with multiple commercial real estate brokers this year and DCG’s professionalism and acumen put them head and shoulders above others.” – Bill Waters CEO Questor Corporation.
Dickson Commercial Group (DCG) based in Reno, Nevada, is a locally owned and operated full-service commercial real estate firm with ties to Northern Nevada spanning 40 years. Our agents provide local, national and international clients the full array of commercial real estate services with training and accreditation through SIOR and CCIM.
DCG serves all sectors of commercial real estate, including investment sales, industrial, office, retail, multifamily, land acquisition, residential and commercial development. DCG also offers the full spectrum of commercial services, from property management and construction management to investment underwriting and feasibility studies. DCG is a member of CORFAC International, a global network of 71 privately held commercial real estate firms. The CORFAC offices collectively close an average of 10,000 lease and sales transactions valued in excess of $9.0 billion annually, totaling 500 million square feet closed and 65 million square feet managed worldwide.