I represent the owner of an office building near downtown Reno, Nevada. I recently found a tenant for the last available space in the building, a small office with 494 SF. The tenant did not have any representation and they seemed to be tentative during the lease signing process. There were certain clauses and wordings in the lease that gave them pause and I wanted to make sure they were completely comfortable before moving forward. Although this lease was small, I recognized that leasing their own space, and all the steps that went into that, was a big deal to them.

Two of our top priorities here at SVN® are to create amazing value for our clients, and to place our client’s best interests above our own. Because of these two core covenants, I always aim to treat every deal like a big deal. No deal is too “small” to put forward my best efforts, create value for my clients, and place their interests above my own. During this deal, I answered all the tenant’s questions and made sure that they felt informed, comfortable, and confident that they had received the best service.

No deal is too small- here at SVN® we approach all deals with the same care and commitment to our clients.

Tomi Jo Lynch, SIOR, CCIM, Managing Director

775.530.2621

Tomijo.lynch@svn.com

One of the most notable differences about how SVN® does business, what we like to call the SVN® Difference, is promoting cooperation between brokers. Our core covenants are to “create amazing value with our clients, colleagues, and community” and to “cooperate proactively”. This deal was made possible through cooperation with a colleague and creating value for our new tenant, the owner of the space, and the Midtown Reno community. This deal was a win-win-win!

This deal came together with the help of a friend and colleague, Amanda Lavi with Colliers International- a big thank you to Amanda for collaborating on this! By working together and reaching out to the greater commercial real estate community, I was able to connect a qualified tenant with a beautiful, perfectly located new home for their business. Not only did both tenant and landlord benefit from this deal, but the burgeoning Midtown area of Reno has gained another great locally owned business! 24 California will now be home to a location of the RareTea franchise. RareTea has rented 1,647 SF in the newly renovated 24 California retail building that sits perfectly on the corner of Virginia Street and California Avenue, in Reno.

RareTea is a franchise with over 25 locations nationally and they have decided to open their latest, locally owned location at 24 California. This tea shop serves everything from teas to lattes to smoothies, specializing in milk teas.

Apart from finding the best outcome for both my clients and businesses looking for the perfect space, I love that I get to be a part of our growing community and bringing more life to areas of town.

There are still three spaces left in this beautiful and newly renovated building. If you’re in the market for a new retail, office, or restaurant space to call home for your business- reach out to me! Brokers- if you have a client who would love one of these spaces, let’s work together on getting 24 California fully leased and making it a new hotspot in Midtown Reno.

Tomi Jo Lynch, SIOR, CCIM, Managing Director

775.530.2621

Tomijo.lynch@svn.com

Welcome to the Neighborhood RareTea!

RareTea has leased 1,647 SF in 24 California Avenue and will be opening a new location in Midtown. RareTea serves a variety of beverages, including teas, lattes, and milk teas. This franchise has over 25 locations and will soon be sharing their delicious drinks with the Reno area! Swing by 24 California to get a delicious meal or drink from one of our amazing tenants!

Thank you to Amanda Lavi with Colliers for helping find RareTea a new home in 24 California!

August 29, 2022

SVN | Gold Dust Commercial Associates, one of the region’s premier brokerage firms, has completed the sale of 1190 Corporate Boulevard, Reno, NV.  Senior Advisor, Christopher Mann, MCR, completed the disposition of this ± 4,088 SF flex industrial building on 1.194 acres in Reno, NV. The disposition took thirty days and elicited multiple offers.

Mann serves the warehouse, distribution, e-commerce & manufacturing asset classes for both owners and occupiers, leveraging extensive experience in corporate real estate, brokerage, industrial development, and land use entitlements.

To experience CRE service at the highest level, please contact SVN Industrial Markets Group / Christopher Mann / 775.224.9935 / Christopher.mann@svn.com.

SOLD | $2,700,000

Arrowhead Drive, Carson City, NV

Tomi Jo Lynch, SIOR, CCIM, and Thomas Y. Johnson, CCIM, represented both the Buyer and the Seller in this deal. The Buyer had previously purchased the adjacent parcel and now holds a total of ± 24.31 acres on Arrowhead Drive. Congratulations to the Buyer, Seller, Tomi Jo, and Tom for completing this sale!

SOLD | 3 INDUSTRIAL LOTS
North Deer Run Road, Carson City, NV

Tomi Jo Lynch, SIOR, CCIM, represented the Seller and orchestrated the sale of three lots on N Deer Run Road. The three lots have sold to two separate buyers for a total of $623,238 and 3.18 acres.

Four lots are still available for sale and can be bought separately or together. Located in the Deer Run Industrial Park in the northeastern urban area of Carson City, NV, with easy access to Highway 50 and Interstate 395.

This brand new business has decided to put down roots in the Midtown area of Reno, and has leased 908 SF in 24 California. The Wheyfarer offers gourmet, hard to find cheeses and ingredients from both local sources and all over the world, all handpicked by their knowledgeable “cheesemongers”. Not only is The Wheyfarer a gourmet meat and cheese counter, they will also offer catering, grab and go snacks and meals, specialty beverages, and so much more! We can’t wait to have a charcuterie board at the Wheyfarer upon their opening later this summer.

Four spaces are still available in 24 California. This historic and newly renovated building offers ± 1,328 – 6,389 SF of available retail and office space on the bustling corner of Virginia Street and California Avenue. Find your space today!

SVN | Gold Dust Commercial Associates, one of the region’s premier brokerage firms, has completed the sale of 85 Isidor Court in Sparks, NV, for $3,100,000.

Managing Director, Tomi Jo Lynch, CCIM, SIOR, represented the Seller of this ± 19,200 SF industrial building located in Spanish Springs. The property also includes a 0.39 acre storage yard.

85 Isidor Court is a freestanding class A industrial facility in the Spanish Springs Business Center. Built in 2005 this property sports 4 grade level doors and a large fenced and paved yard. The property is well situated in the Northern Nevada industrial market which boasts one day truck service to eight states and two day truck service to 11 western states. 85 Isidor Court also sits only minutes outside of the town center of Spanish Springs, grocery stores, and restaurants. The building was in shell condition at the time of sale, making it the perfect clean canvas for its new owner. Lynch said of the sale, “With limited property inventory available, this sale represents the highest price per

square foot transaction in the Spanish Springs industrial market to date.”

SVN is the only major commercial real estate brand that proactively markets all its qualified properties to the entire brokerage and investment community. Participating in approximately $12.5 Billion in sales and leasing transactions in 2020, SVN advisors shared commission fees with co-operating brokers in order to close more deals in less time and at the right value for clients. Advisors also reap the benefits of our SVN Live® Weekly Property Broadcast, cloud-based leading-edge technology, and national product councils. This open, transparent and collaborative approach to real estate is the SVN Difference that allowed our agents to close this sale.

About SVN|Gold Dust Commercial Associates

SVN|Gold Dust Commercial Associates is an independently owned and operated SVN® office located in Reno, NV. The SVN® brand is a globally recognized commercial real estate entity united by a shared vision of creating value for clients, colleagues and communities. Currently, SVN comprises over 1,600 advisors and staff working in more than 200 offices across the globe. SVN’s brand pillars represent the transparency, innovation and inclusivity that enable all our advisors to collaborate effectively with the entire real estate industry on behalf of our clients. SVN’s unique Shared Value Network^® is just one of the many ways that SVN Advisors create outsize value for all stakeholders. For more information, visit www.svn.com.

Elixir Superfood & Juice has leased 1,878 SF in 24 California. The healthy and delicious restaurant already has a location in Mammoth Lakes, California, and has decided to extend its reach into the burgeoning Midtown area of Reno, Nevada. Elixir touts vegetarian, vegan, paleo, local, organic, and 100% gluten free food! Welcome to 24 California Elixir!

Four spaces are still available in this newly renovated historic building. 24 California offers ± 1,328 – 6,389 SF of available retail and office space on the bustling corner of Virginia Street and California Avenue. Find your space today!

CREW of Northern Nevada is in great hands this year with a stacked board of directors and Tomi Jo Lynch, SIOR, CCIM as president. Congratulations to the 16 professionals selected for this year’s board!

See the article in Northern Nevada Business Weekly here.