Reno Logistics Center

2019-2021 | CHEWYS | Subsdiary of CROCS

Location – N. Virginia 75 Acres

Challenge – Acquire industrial land within City of Reno for 1M sf distribution facility

Strategy – Assembled 4 separately owned parcels at below market purchase price $3/SF.

Result – Joint Venture with NorthPoint Development; Northwestern Mutual funded the 80-110M development cost. Pre-leased 800K sf to Chewy for 13-year NNN lease