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SPARKS, NEV. — An affiliate of Equus Capital Partners has purchased Greg Center, a four-building industrial portfolio in Sparks, approximately four miles east of downtown Reno. The portfolio was acquired on behalf of a value-add fund sponsored by Equus. Terms of the transaction were not disclosed.
Built between 1995 and 2000, the 514,900-square-foot portfolio includes two mid-bay buildings and two shallow-bay buildings with frontage on McCarren Boulevard and Greg Street. The buildings feature clear heights ranging from 20 to 28 feet and a mix of rear- and front-loading configurations. Suite sizes range from approximately 5,000 square feet to 73,000 square feet. Greg Center has averaged 95 percent occupancy over the past five years.