SVN International has shared that SVN has been recognized as one of 300 companies making waves in the 2023 Real Leaders Impact Awards! We are so proud to be ranked alongside global leaders, as a purpose-driven company, committed to being a positive force of change in all areas of our business. This award is a result of our organization’s collective belief in the SVN Difference and a Shared Value Network.

One of our core covenants at SVN is “Honor my commitments”. A career in commercial real estate requires commitment, and it most certainly requires honoring the promises we’ve made- to our clients, our colleagues, and ourselves.

Commercial real estate transactions take time. Deals don’t come together overnight. Building relationships with clients and colleagues takes time. Closing deals can sometimes take years, requiring tenacity, and perseverance.

One of my latest sales took almost two years to complete. Talk about tenacity and commitment! During the time 401 Los Altos Parkway in Sparks, Nevada, was on the market, multiple offers were made, and multiple offers fell through. 401 Los Altos is a pad site on a highly trafficked corridor in Sparks, Nevada, and was one of the last available in that area. The pad was encumbered with a ground lease to a large corporation, who had first right of refusal to purchase the property. In this case, the lessee had 45 days to respond after each offer was made by a third party. We diligently presented and responded to each offer. Unfortunately, time kills all deals and waiting for the lessee to respond often got in the way of opening escrow.

Eventually, the lessee decided to purchase the site and after two years, a successful deal was reached.

Although this deal took time, patience, and tenacity, I knew I needed to honor my commitments and see this deal through. SVN and its members are committed to getting the deal done. Through perseverance, problem solving, and a whole lot of dedication, we make deals like this come together. 

Tomi Jo Lynch, SIOR, CCIM, Managing Director

775.530.2621

Tomijo.lynch@svn.com

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

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. 

JUST SOLD – $2,974,500

25 Ponderosa, West Wendover, NV

Congratulations to Wes Brogan, Associate Advisor, on finding his client their next investment! “This was a very fast and smooth transaction and was over the asking price. Congratulations to my client.” Brogan said of the deal.