Industrial real estate firm deepens established portfolio with first asset in Northern Nevada; property represents rare acquisition opportunity in key Western U.S. regional logistics hub; signals ongoing demand for modern distribution warehouse space.
Leading Western and Central U.S. industrial real estate investor, developer and asset manager, CapRock Partners, today announced its acquisition of 3200 USA Parkway, a 707,010-square-foot cross-dock industrial warehouse in Sparks, Nev. The Class A distribution building is within the Tahoe-Reno Industrial Center (“TRIC”), a premier industrial park within the land-constrained Reno industrial real estate market.
CapRock acquired the 48-acre property from an institutional investor in an off-market transaction. While CapRock is one of the more active investors and developers in Las Vegas, 3200 USA Parkway is CapRock’s first acquisition in northern Nevada, marking a milestone in the firm’s ongoing strategic portfolio expansion.
