RENO, NEV. — AEW Capital Management has purchased a 1 million-square-foot industrial portfolio in Reno for $93.2 million. The six-building portfolio is located at 875 and 895 E. Patriot Blvd., 450 Maestro Drive, 7525 Colbert Drive, 3450 Airway Drive and 5555 Quail Manor Court.
The buildings were constructed in four phases between 1997 and 2001. The portfolio is fully occupied.
AEW represented itself in this transaction, while NKF represented the seller, Barings Real Estate Advisers.