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$45 Million Industrial Land Sale

The 4,000+ Acre Crossroads Commerce Center in Fernley Nevada just sold for $45 Million.

Reno, NV, July 12, 2019 --(PR.com)-- Second-largest industrial land sale in Nevada history

Mark IV Capital, a real estate investment and development firm based in Newport Beach, California
purchased 4,100 acres of industrial land in Fernley, including over 4,000 acres known as the Crossroads
Commerce Center and some additional Industrial-zoned land on the west end of town owned by the
Logan Family Trust.

Mark IV has properties in 5 states, including the Valley View Corporate Center in Las Vegas. The
Fernley land sale is the second largest industrial land transaction in Nevada following last year's purchase
of 65,000 acres in the Tahoe Reno Industrial Center. The $45 million-dollar purchase by Mark IV
represents a $10,981 price-per-acre, far higher than the $1,573 per-acre price in the Tahoe Reno Industrial
Center and is representative of the increasing demand for raw land in Northern Nevada.

The sellers were represented by Brian Armon CCIM, SIOR of Cushman & Wakefield's Reno office on
the Crossroads Commerce Center and David Schuster CCIM, SIOR of Avison Young represented the
Sellers on the Logan Family Land. The buyers were represented by Brett Edwards of CBRE.

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Contact Information:

Randy Pease
775-225-9910
Contact via Email
thinkinneon.com

Online Version of Press Release:


You can read the online version of this press release at: https://www.pr.com/press-release/789522

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