{"id":39267,"date":"2024-07-29T07:54:31","date_gmt":"2024-07-29T04:54:31","guid":{"rendered":"https:\/\/www.commercialcafe.com\/blog\/?p=39267"},"modified":"2025-11-12T17:26:12","modified_gmt":"2025-11-12T14:26:12","slug":"mohr-standard-rei-develop-spec-industrial-space-in-reno-north-valleys","status":"publish","type":"post","link":"https:\/\/www.commercialcafe.com\/blog\/mohr-standard-rei-develop-spec-industrial-space-in-reno-north-valleys\/","title":{"rendered":"Mohr & Standard REI Plan Spec Industrial Project in Reno"},"content":{"rendered":"
[vc_row][vc_column][vc_column_text css=””]A partnership between Mohr Capital and Standard Real Estate Investments recently announced plans to develop a speculative industrial facility in the Reno North Valleys. This will be Mohr\u2019s second industrial project in the Reno market, but the first in collaboration with Standard REI.<\/p>\n

Banking on Reno\u2019s emergence as a key strategic distribution hub, the joint venture plans to construct a multi-tenant industrial building designed to accommodate future logistics and distribution tenants.<\/p>\n

Located on an 11-acre site at 9865 N. Virginia St., the property will consist of a single-story building and deliver 180,000 square feet of new Reno industrial space<\/a>. Slated for completion in the summer of 2025, the project features: motion-sensing LED light fixtures; 32-foot clear height; 14\u2019 by 16\u2019, grade-level, drive-in doors; 25 dock positions outfitted with 40,000-pound levelers and seals; an ESFR fire protection sprinkler system; and roof-mounted, gas-fired make-up air units.<\/p>\n

Project partners also include Techtonics Design Group as the civil engineer and architect; FCL Construction as the general contractor; and Stearns Bank as the construction loan lender.<\/p>\n

\u201cReno\u2019s\u00a0emergence as a key distribution hub has not only diversified the city\u2019s industrial base, but has also created a robust economic environment,\u201d said\u00a0Tom Theobald, senior vice president of development at Mohr Capital. \u201cThis project capitalizes on\u00a0Reno\u2019s\u00a0pivotal role and attractive position as a destination for forward-looking logistics and distribution partners.\u201d<\/p>\n

According to our June national industrial report<\/a>, the average sale price for industrial assets in the U.S. is continuing its decade-long upward trajectory. Despite a historic wave of new supply, higher capital costs and lower transaction volumes, industrial space traded at a national average of $142 per square foot \u2014 closer than ever to the per-square-foot average sale price of office space ($165).<\/p>\n

Industrial vacancy rates have also been ticking up, largely due to an unprecedented volume of new industrial space being delivered to the national market. For instance, nearly 180 million square feet of new industrial space was completed during the first five months of 2024.<\/p>\n

The report also noted that new industrial lease deals closed in the last year signed for $2.25 more than the average for all leases. The markets that saw the largest premiums were Miami; Los Angeles; Inland Empire, Calif.; Tampa, Fla.; and Nashville, Tenn.<\/p>\n

Looking to rent warehouse or other industrial space in the best-connected locations? Select any of the markets linked below or visit the CommercialCafe.com<\/a> home page to start your search!<\/em><\/p>\n\n\n\n\n\t\n\t\n\t\n\t\n\t
Industrial space in Los Angeles<\/a><\/td>Industrial space in Dallas<\/a><\/td>Industrial space in Phoenix<\/a><\/td>\n<\/tr>\n
Industrial space in Houston<\/a><\/td>Industrial space in Chicago<\/a><\/td>Industrial space in Denver<\/a><\/td>\n<\/tr>\n
Industrial space in Atlanta<\/a><\/td>Industrial space in Philadelphia<\/a><\/td>Industrial space in Nashville<\/a><\/td>\n<\/tr>\n
Industrial space in Cincinnati<\/a><\/td>Industrial space in Seattle<\/a><\/td>Industrial space in Boston<\/a><\/td>\n<\/tr>\n
Industrial space in New York City<\/a><\/td>Industrial space in Minneapolis<\/a><\/td>Industrial space in Fort Worth<\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n[\/vc_column_text][\/vc_column][\/vc_row]\n<\/div>","protected":false},"excerpt":{"rendered":"

The Mohr Capital and Standard REI joint venture is banking on the emergence of the Reno industrial market as an increasingly attractive distribution hub for the region. <\/p>\n","protected":false},"author":48,"featured_media":39250,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"_wpas_customize_per_network":false},"categories":[37,4014,41],"tags":[],"class_list":["post-39267","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-commercial-real-estate-news","category-featured","category-industrial","wpautop"],"acf":[],"yoast_head":"\nMohr & Standard Plan 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