Reno, Nev. — DCG has arranged the sale of South Meadows Promenade, a retail center located on the corner of South Meadows Parkway and Double R Boulevard in Reno. An investor in a 1031 exchange acquired the property for $34 million. The name of the seller was not disclosed. At the time of escrow, the 80,000-square-foot shopping center was fully occupied. Current tenants include Sprouts Farmers Market, Marshalls, Pet Station, The Joint Chiropractic, Chase Bank, Chipotle Mexican Grill, Panda Express, Starbucks Coffee, Blaze Pizza, Jersey Mike’s Subs and Sports Clips. Tom Fennell, Chris Shanks and Matt DeRicco of DCG represented the buyer in the deal.
DCG Arranges $34 Million Sale of South Meadows Promenade Shopping Center in Reno