Lake Washington Partners Kicks Off Construction On 1.5 Million-Square-Foot Distribution-Warehouse Near Reno, Nevada
02/11/2014
“We’re bullish about the area and the opportunities it presents for our tenants,” said Lake Washington Partners’ President, Jordan Lott. “It’s a prime strategic location and provides tenants with a business-friendly environment and excellent quality of life.” Lott noted the Spanish Springs Business Center is particularly suited to meet tenants’ big-box distribution needs with excellent access to Interstate 80 and US Hwy 395 through the adjacent Pyramid Highway corridor.
Seattle area-based Lake Washington Partners purchased the 66-acre site from Spanish Springs Limited Partnership in October, 2013. With an anticipated completion in late 2014, the first phase will be a 750,000-square-foot distribution center for SanMar Corporation. Reno-based United Construction Co. has been selected as general contractor.
SanMar occupies another Lake Washington Partners property—a 622,000-square-foot distribution center at 555 Vista Boulevard in Sparks, Nevada. Lott said the firm will aggressively seek build-to-suit tenants for the additional 800,000 square feet of industrial development at Spanish Springs. The company also plans to spend $3 million to renovate the to-be-vacated property in Sparks for re-introduction to the leasing market.
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