HFF closes $55.3 million sale of 5-property industrial portfolio near Reno, Nevada
SAN FRANCISCO, CA – October 25, 2016 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the $55.3 million sale of a five-building industrial portfolio totaling 1.25 million square feet in the Sparks area of Reno, Nevada.
HFF marketed the asset on behalf of an institutional seller. Dalfen America Corp. purchased the assets free and clear of existing debt.
The portfolio comprises distribution buildings in Lillard Business Center and Vista Industrial Park. The properties are proximate to Interstate 80, which is the second longest interstate highway in the United States connecting the East and West Coasts. Additionally, all the buildings are within seven miles from the Reno-Tahoe International Airport.
The HFF investment sales team representing the seller was led by senior managing directors Rusty Tamlyn and Anthony Brent and managing directors Scott Pertel and Ryan Martin.
About Dalfen America Corp.
Dalfen America Corp. (DAC) is a leading industrial real estate investment manager and hands-on real estate operator focused on acquiring, developing and managing industrial real estate throughout the United States. DAC currently owns and manages millions of square feet of premier commercial properties in the Unites States and in Canada through its Canadian counterpart, Dalfen’s Limited. For more information, visit dalfen.com.
HFF and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 23 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF together with its affiliate HFFS offer clients a fully integrated national capital markets platform including debt placement, investment sales, equity placement, advisory services, loan sales and commercial loan servicing. For more information please visit hfflp.com or follow HFF on Twitter @HFF.