A large industrial real estate project just broke ground in south Reno.
Panattoni Development Company broke ground this month on a new industrial project called 580 South.
The project, which encompasses 88 acres, is located in the corner of South Virginia Street and Mount Rose Highway. The $155 million project is being constructed in partnership with New York-based real estate investment manager Clarion Partners.
“The South Reno submarket is one of the more desirable areas in Northern Nevada,” said Lindy Deller, development manager for Panattoni Development. “The project will add to an area that already has a lot to offer.”
What is the timeline for the 580 South project?
For 580 South’s first phase, the project will perform mass grading for four Class A industrial buildings that will be LEED-certified.
Class A is a term typically used to denote the newest, highest-quality structures in commercial real estate. LEED certification is a green building rating system overseen by the U.S. Green Building Council for environmentally sustainable design, construction and operation.