SEATTLE--(EON: Enhanced Online News)--Lake Washington Partners, a commercial real estate firm owning, managing and developing properties across the United States, has announced the purchase of a 66-acre parcel within Spanish Springs Business Center near Reno, Nevada.
“Spanish Springs Business Center is a master-planned site with entitlements in place for fast tracking commercial development”
Seattle area-based Lake Washington Partners purchased the property from Spanish Springs Limited Partnership. The company plans phased development of 1.5 million square-feet of distribution/warehouse space, beginning with construction of 600,000 square-feet of facilities starting in 2014.
Lake Washington Partners currently owns a total of 650,000 square feet of industrial real estate, as well as several developmental sites throughout the Sparks/Reno metropolitan area.
Lake Washington Partners’ President Jordan Lott said the newly-acquired site is ideally-suited for big box distribution in the rapidly-growing Spanish Springs Valley.
“Spanish Springs Business Center is a master-planned site with entitlements in place for fast tracking commercial development,” said Lott. “It provides a high quality business environment with excellent access to Interstate 80 and US Hwy 395 through the adjacent Pyramid Highway corridor.”
Lott said his family-owned company will oversee future construction and development in the newly-acquired site. Power, gas, water, sewer and telephone services are in place, and the Spanish Springs Business Center offers a high pressure water system to support ESFR sprinklers.
Lake Washington Partners’ portfolio includes properties for lease, sale or development in multiple markets in the United States. For more information on the Spanish Springs site, visit www.lkwp.com or email firstname.lastname@example.org.
About Lake Washington Partners www.lkwp.com:
Over three generations, family-owned Lake Washington Partners’ focus has remained steadfast: providing outstanding service to tenants and enhancing value in real estate ventures. These principles have allowed Lake Washington Partners to grow into a well recognized and thriving nationwide real estate company.
Lake Washington Partners’ team includes solutions-oriented professionals with the judgment and experience necessary to help navigate the challenges in today’s real estate and adapt to the obstacles of tomorrow.