RCG Acquires Sparks Crossing in Sparks (Reno MSA), NV
RCG Ventures is pleased to announce the acquisition of Sparks Crossing in Sparks (Reno MSA), Nevada. The 335,981 SF shopping center features a strong lineup of national tenants including Ross, Bed Bath & Beyond, Cost Plus World Market, Best Buy, Michaels, PetSmart, Ulta, and Dollar Tree. The center is located at the intersection of Pyramid Way and Los Altos Parkway (55,000 VPD), the dominant retail node of northeast Reno. It is also located in close proximity to Walmart Supercenter, Costco, Home Depot, and many other national retailers.
The $40.2 Million acquisition continues Fund V’s campaign to acquire $250 Million of value-add shopping centers in the Western Region of the United States.
The Seller was represented by Peter Bethea and Rob Ippolito of Newmark Grubb Knight Frank.
For all shopping center opportunities in the Western Region please contact Scott Tarbet at email@example.com or 310.870.7120.
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