RENO, Nev. (AP) — Long-time developers of the Tahoe Reno Industrial Center east of Sparks are buying nearly 9 square miles of property in Fernley for what would be the second-biggest business park in northern Nevada.
Lance Gilman and Don Roger Norman told the Reno Gazette-Journal they have opened escrow on 5,700 acres in Fernley.
Their plan is to build a business hub that would be about one-third larger than Fernley's massive Victory Logistics District bought by a California-based real estate firm last month.
The terms of Gilman and Norman's purchase have not been disclosed and the seller has not been identified.
Mark IV Capital purchased the 4,300-acre Victory Logistics site.
Economic development officials estimate that project will bring more than 10,000 direct and indirect jobs to the site 30 minutes east of Reno.