PAR selects CBRE
CBRE Inc. in Reno has won a contract from PAR Industrial LLC, an affiliate of Pacific Life, to serve as exclusive leasing agent and property manager for a 2.4 million-square-foot industrial portfolio PAR Industrial recently acquired in Sparks and Reno.
The PAR portfolio, which it acquired from ProLogis, includes 10 buildings in the Sparks and airport submarkets.
The portfolio will be directed by Gordon Zack of CBRE, who will be supported by the company’s industrial services team of Eric Bennett, Daniel Buhrmann and Tomi Jo Lynch.
“Unfortunately, once developers show up, history disappears and that’s what’s happening to Harrah’s Reno. Like the historic 1875 Adele’s building in Carson City, Bill Harrah’s crown jewel will disappear into the dustbin of history.”