Nationally anchored development offers an irreplaceable acquisition opportunity as the market’s dominant shopping center
Reno, Nev. July 7, 2022 – Colliers today announced the opportunity to acquire Nevada’s premier retail destination—Legends at Sparks Marina—the ±1.1 million-square-foot open-air lifestyle center nestled Northeast of Reno in the surging submarket of Sparks. Now on the market, the offering is 427,800 square feet of the development; currently, 97.2% leased with 65 tenants, including national retailers Target, Lowe’s Home Improvements, Nike, Adidas, Galaxy IMAX Theatres, and more.
Prominently placed at the I-80 and Sparks Boulevard interchange, the Legends at Sparks Marina attracts upwards of 11.5 million visitors annually. The development also features a Residence Inn and a Hampton Inn Hotel, a popular destination for locals and visitors alike, and will welcome an 80,000-square-foot Legends Bay Casino later this year.
El Warner and Charley Simpson of Colliers’ Southern California-based National Retail Capital Markets team have listed the property in partnership with fellow regional experts Roxanne Stevenson, Julie Taylor, and Rick Casazza.
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Colliers (NASDAQ, TSX: CIGI) is a leading diversified professional services and investment management company. With operations in 62 countries, our 17,000 enterprising professionals work collaboratively to provide expert real estate and investment advice to clients. For more than 27 years, our experienced leadership with significant inside ownership has delivered compound annual investment returns of 20% for shareholders. With annual revenues of $4.3 billion and $65 billion of assets under management, Colliers maximizes the potential of property and real assets to accelerate the success of our clients, our investors and our people. Learn more at corporate.colliers.com, Twitter @Colliers, or LinkedIn.