Mohr Capital has broken ground in Tahoe-Reno Industrial Center on a a 596,400-square-foot industrial property. The property is a massive contribution to the area, accounting for nearly half of the total industrial construction pipeline in the market.

The cross-dock facility is being built on a 39.64-acre site and will feature 36' clear ceiling height, three access points, 96 dock doors, four 14'X16' drive-in doors, 374 auto and 100 trailer parking spaces, motion-sensor LED lighting and more.

"Tenant demand for industrial space in northern Nevada continues to rise as e-commerce activities ramp up," said Tom Theobald, Senior Vice President of Development for Mohr Capital. "Moreover, high asking rents and low vacancy in the northern California submarkets and southern California's Inland Empire have contributed to companies looking eastward in search of cost-effective real estate.

These factors, combined with Nevada's low taxes and Reno's pro-business environment, leave us confident we'll secure a tenant quickly."  
The building is currently available for lease and, once complete, will neighbor industrial facilities leased by PetSmart, Hobby Lobby, Tesla, Walmart, Zulily and more.

"We're pleased to expand our development footprint into the Nevada market with a facility that will help meet the increasing demand for industrial product in the Reno-Sparks metro area," said Bob Mohr, Chairman of Mohr Capital. "The region's cost of living, growing workforce and location along Interstate 80 is ideal for companies throughout the country seeking to quickly distribute their products to 11 western states. We're excited to add this facility to our portfolio and invest in this rapidly growing industrial market."
Mohr Capital is a privately held real estate investment firm specializing in the acquisition, development and value enhancement of office, industrial and retail assets throughout the U.S. The Mohr Capital team has decades of experience in commercial real estate and has completed more than $1 billion in transactions. Guided by a value-driven strategy and an entrepreneurial spirit, the company relies on strong, long-term relationships and possesses keen market insights needed to capitalize on undervalued or underperforming properties. With its family office structure, Mohr Capital can close quickly and has a proven track record of delivering the highest risk-adjusted returns.

The firm is bullish on the market due to increased industrial demand, largely from California. California’s limited supply and high rents have pushed companies east, and Nevada’s low-tax rate has been a top choice for companies looking for new locations.

A report from Colliers at the end of 2020 called the Reno/Sparks industrial market one of the winners of the pandemic. Along with a handful of others, Reno had the largest absorption growth when compared to the size of the total market supply. It’s an impressive accomplishment considering that the industrial market surged across the country, including in already hot markets like Southern California.
The Tahoe Reno Industrial Center (TRIC) is a privately owned 107,000 acres (167 sq mi) industrial park, located at Interstate 80 near Reno/Sparks, Nevada in nearby Storey County. TRIC is larger than the area of Reno-Sparks.
The industrial center is the largest in the country and is home to over 140 companies and their warehouse logistics centers and fulfillment centers such as PetSmart, Home Depot, Walmart and others. The Gigafactory 1 is here serving Tesla and Panasonic.
The park lured Tesla's Gigafactory, hailed as one of the biggest economic development prizes ever. Since then, the park has taken off, landing as many high-profile deals as any development in the country. Google recently purchased 1,200 acres. Down the road, the data storage company Switch opened the first building of what's slated to become the world's largest data center campus. and Walmart have big distribution facilities in the park, as do their competitors eBay and Zulily.
Storey County has huge plots of land to offer for industrial development. But what's played a key role in luring so many companies to the area is an exceptional absence of local regulation and a speed of permitting that rivals any business development in the U.S. The park's exploding growth is just the latest chapter in an unprecedented experiment in economic development.

The center is only 15 miles east of Reno and a three-and-a-half-hour drive from San Francisco. Nothing on the West Coast is more than a day's drive away, and that has made it attractive for distribution centers. Nevada has no corporate or personal income tax, and relatively low labor and real estate costs.