EQT Pays $140M ($128.51psf) for 1.1 MSF Reno, Nevada Campus from Altus Development, BGO JV

  • 9/25/2024

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CPE

EQT Exeter has acquired USA Parkway Distribution Center, a two-building, 1.1 million-square-foot industrial campus in Sparks, Nev., a Reno submarket. Altus Group sold the asset for $140 million, according to Storey County public records.

CBRE National Partners brokered the deal on behalf of the seller. The park was fully leased at the time to five tenants, including Tesla and The Tire Rack, which occupy 70 percent of the property.

Prologis (NYSE: PLD)
Sean Colleta, CCIM | Market Officer-Portland/Reno
BentallGreenOak (BGO)
Abbe Borok | Managing Director, Head of US Debt

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