RENO, NV-HFF has closed the sale of 9085 Moya Boulevard, a 336,000-square-foot, class A bulk distribution warehouse here.

HFF co-brokered the sale with NAI Alliance on behalf of the seller, Panattoni Development Company. KTR Capital Partners, LLC purchased the asset for an undisclosed amount free and clear of debt.

The property is situated on 17.46 acres within the Red Rock Business Center along US Highway 395 just north of the Interstate 80 interchange.  Completed in 2001 and currently 90% leased, 9085 Moya Boulevard is a crossdock building, which features 30-foot ceiling heights, 130-foot truck courts and 42 loading docks with the capability to add 34 additional doors.

The HFF team representing the seller was led by managing director Steven Golubchik and director John Simerlein.  NAI Alliance was represented by Mike Nevis.

Panattoni Development Company is a privately-held, full-service development company founded in 1986.  The firm has completed in excess of 175 million square feet of commercial projects globally. 

KTR Capital Partners is a real estate investment, development and operating company focused exclusively on the industrial property sector

 

 

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David Phillips

David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.