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Seagate Properties

Seagate Properties

A Real Property Investment & Operating Company

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South Sparks Industrial Park

The South Sparks Industrial Park portfolio is a seven building, 585,000 SF property on four parcels located just south of Interstate 80 in Sparks Nevada at Kleppe Lane and Sparks Boulevard. The project is five miles from downtown Reno and five miles from the Reno-Tahoe International Airport.

At the time of its acquisition, the tenant portfolio was 100 percent leased to 24 tenants averaging approximately 24,000 SF each. Seagate was looking to expand its industrial portfolio, specifically in the greater Reno market, and this opportunity fit with its diverse mix of tenants in a central location.

This acquisition is Seagate Properties’ second recent investment in Northern Nevada — in late 2017, the company purchased Northtowne Summit, a 220-unit multi-family property, in Reno.

810-830 Meredith

910-990 Kleppe

980-988 Packer

1400-1440 Kleppe

1420-1470 Kleppe

1480-1498 Kleppe

Project Details:

Location

Sparks, NV

Size

584,870 sq ft

Type

Warehouse / R&D

Seagate Contributions

Acquisition
Asset Management
Property Management

Status

Active

Address

810-830 Meredith Way, 1420-1473 Klepe Lane, 910-990 Meredith Way, 1400-1140 Kleppe Lane, 1480-1498 Kleppe Lane, 980-998 Packer Way, & 990-996 Packer Way
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