A 601,000-square-foot outdoor mall in Reno is hitting the market.
"Sales, currently, are off the charts and tenants are doing well," Kyle R. Miller, executive managing director for Newmark Capital Markets' West Coast team, told the Gazette Journal."We’re targeting north of $100 million on this deal.", which currently operates the mall, over 680,000 people visit the shopping center annually and spend an average of 84 minutes browsing.
Miller said interest in acquiring the mall is high due to Reno's exploding population and proximity to the tourist delights of the Tahoe area. According to recent census data, Nevada's population grew 15% between 2010 and 2020, more than double the national average.
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