National development company closes sale on North Carson land for industrial condo project
Panattoni Development Co. has completed the purchase of 5.39 acres on Arrowhead Drive for an 87,000-square-foot flex industrial condo project.
Doug Roberts, a partner with Sacramento-based Panattoni, said the Eagle Valley Commerce Center is scheduled for completion in November.
“This project will mark the first time Panattoni has worked in Carson City,” Roberts said. “We are pleased to have the opportunity to expand into the market.”
The facility will include concrete tilt-up construction with metal-roofed structures. Once completed, the complex will contain 14 units of flex industrial space.
The architect on the project is Tectonics, and the builder is Panattoni Construction.
Panattoni Development Co. is a privately held, full-service development company founded in 1986 by Carl Panattoni.
During the last five years, the firm has averaged nearly 10 million square feet of development annually. It has developed and managed industrial, office and retail facilities in more than 100 markets throughout the United States.
The firm is headquartered in Sacramento, and maintains more than 16 regional offices across the country.
For information about Panattoni Development Co., go to http://www.panattoni.com.
Bruce Robertson, an associate with Sperry Van Ness/Gold Dust Commercial, is accepting letters of intent for the property.
On the Net
Panattoni Development Co.
The 5.4 acres at 3689 Arrowhead Drive
Industrial-zoned land would sell for:
• $2 a square foot in Dayton, Minden and Mound House
• $5-$7 a square foot in Carson City.