RENO, has leased at 336,000-sf distribution facility in Reno from Sacramento-based Panattoni Development Co. The Seattle-based company currently leases a 588,560 sf facility in nearby Fernly, NV from Panattoni, and plans to use its new space for overflow storage.

The facility is located at 9085 Moya Blvd. in Reno. Panattoni would not disclose the lease rate or the value of the deal and it was not otherwise immediately available. Lease rates for similar space are upward of $0.30 per sf per month, NNN.

Wilma Warshak of Colliers International, along with Deborah Sasz-Voarx and Sue Smith of Commercial Properties of Nevada, represented in the transaction. Panattoni was represented in house. Union Bank of California provided financing for the deal.

A source at Panattoni that the space was attractive to because it offered a convenient location for the company’s distribution, with 30-feet clear height, an ESFR sprinkler system, and 76 dock doors.

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