DCG’s Dominic Brunetti, CCIM, and Patrick Riggs represented the seller, and DCG’s Tom Fennell, SIOR, CCIM, Chris Shanks, CCIM and Matt DeRicco represented the buyer of 491 Court Street in downtown Reno, Nevada. An undisclosed buyer purchased the single-tenant investment property in a 1031 exchange for $1,935,000. Recently renovated with high-end finishes in 2021, the...
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,...
DCG Principal Tom Fennell, SIOR, CCIM and Gary Tremaine, Senior Vice President, Retail, represented the seller in the disposition of a 13,160 square foot building and adjacent parking lot, totaling 1.22 acres. The building and parking lot sold for a combined total of $3,636,738 to an undisclosed buyer. Located at the corner of 701 Kietzke...
DCG’s Principal Tom Fennell, SIOR, CCIM, represented IT Avalon in leasing a 5,127 square-foot freestanding office located at 9433 Double Diamond Parkway. Located in the South Meadows submarket, the single-story Class A office was built in 2016. The building stands near the corner of Double Diamond Parkway and South Meadows Parkway, near the new Department...
DCG’s Principal Tom Fennell, SIOR, CCIM, and Senior Vice President of Retail, Gary Tremaine, represented the seller in the sale of 13.52 acres located at the Red Rock Road intersection just off Highway 395. The Inland Group acquired the mixed-use land for $3,400,000 with plans for a 290-unit affordable housing development. Developer Inland Construction expects...
DCG is pleased to announce the successful sale of 100 California Avenue, a 100% occupied mixed-use building in Downtown Reno that sold for $5,350,000. DCG’s Investment Team, Chris Shanks, CCIM, and Matt DeRicco, represented the seller, 100 Cal NV LLC, and DCG Principal Tom Fennell, SIOR, CCIM, represented the buyer. This mixed-use property comprises two...
DCG agents represented both sides in the transaction of the standalone flex-building at 8690 Technology Way. DCG’s Chris Shanks, CCIM, represented the seller, while Tom Fennell, SIOR, CCIM, and Matt DeRicco represented the buyer in the single tenant sale-leaseback. The property sold for $5,400,000 and had an in-place cap rate of 5.00%. This 17,701 square...
DCG Principal Tom Fennell recently obtained the Society of Industrial and Office Realtors® (SIOR) designation. Fennell earned his SIOR Dual Specialty designation for obtaining at least five years of creditable experience in the highly specialized field of industrial and office real estate SIOR is the world’s leading industrial and office brokerage association, representing 3,600 members...
DCG’s Retail Team; Gary Tremaine and Amanda Brierton as well as principal, Tom Fennell, SIOR, CCIM represented the seller, Wells Fargo in the disposition of a former bank branch at 405 Idaho Street in Elko, Nevada. Previously occupied by Wells Fargo Bank, the 21,230 square foot freestanding building sold for $850,000.00. Built in 1970, the...
DCG Industrial broker Nick Knecht and DCG Principal, Tom Fennell, CCIM represented the ownership group, Sandbank Properties II LLC, in the sale of 7-acres of industrial land at 290 Logan Lane in Fernley, Nevada. The parcel has freeway visibility and is adjacent to the new American Battery facility being constructed on Logan lane. The New...
