DCG is pleased to announce the recent 36-acre industrial land sale in the North Valleys. The land assemblage included 16 contiguous parcels totaling 36.23 acres from eight various sellers. DCG’s industrial team, Joel Fountain, Baker Krukow, Nick Knecht along with DCG principal Tom Fennell, CCIM represented the buyer, Panattoni Development and also the largest of the eight landholders.
“The DCG team did a remarkable job of working with Panattoni on the most complex land assemblage we have been involved within northern Nevada. Considering the overall required timeline of the project, the disparate uses on individual parcels including some residential properties, and the fact that the entitlement process was taking place simultaneously, it is truly extraordinary that we concurrently closed on all the sites and met the required delivery date for the ultimate end user.” Said Doug Roberts, Partner at Panattoni Development.
Panattoni Development acquired the site to construct a 145,602 square foot last-mile distribution facility for Amazon as a build-to-suit.
The property required extensive entitlements including a zone change & special use permits in order for the project to be constructed. Panattoni completed the building within six months from the closing date.
Founded in 1986, Panattoni Development Company, Inc. is one of the largest privately held, full-service development companies in the world. Panattoni operates from 24 offices in the United States, Canada and Europe. Since its inception, Panattoni has developed more than 340 million square feet of space including more than 118 million square feet of build-to-suit projects.