Mark IV Capital acquired 55 acres of industrial land at Elevation25 Business Park in Mead, Colorado. The park can support 1 million square feet of Class A industrial product.
While the Reno-Sparks Metropolitan Statistical Area (MSA) is best known for its gaming-tourism industry, its location in Northern Nevada also appeals to fans of the outdoors.
The outlook for capital markets was sobering as Americas investment volume fell 63% to $80 billion in the second quarter. Office, retail and industrial investment declined 63%, 65% and 48%, respectively, according to CBRE.
Evan Slavik, the new chief executive of Newport Beach-based Mark IV Capital, is looking ahead to the next three decades for the commercial real estate investor as it prepares to enter its 50th year of business in 2024.
Mark IV shares lessons from acquiring and master planning Victory Logistics District, a 4,300-acre Opportunity Zone industrial project in Fernley, Nevada.
Mark IV Capital bought a 66-acre plot near Interstate 35 and the State Highway 45 toll road for The District eight years ago. After delaying the project due to market conditions, Mark IV Capital is tripling the original proposal's size.
Victory Logistics District is a master-planned industrial development in Fernley, Nevada. Mark IV Capital began the project with a 4,300-acre land acquisition in July 2019.
