TRAMMELL CROW ACQUIRES 104-ACRE SITE

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Reno, Nev. — Trammel Crow Co., on behalf of Multi-Employer Property Trust (MEPT), a $7.2 billion open-end commingled real estate equity fund, has purchased 104 acres in Reno for an undisclosed price. The company plans to use the land in the 2 million-square-foot expansion of Tahoe-Reno Industrial Center. Last year, MEPT acquired two newly constructed bulk distribution centers totaling more than 800,000 square feet, and expandable to 1 million square feet of bulk industrial space in the area.

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