Meridian Capital Group arranged $52.9 million in financing for the acquisition of a class-A industrial building in Sparks, NV. The loan was provided by a debt fund and was sourced by a Meridian team led by Morris Betesh. Dalfen Industrial was the buyer.
Located at 75 Pittsburg Avenue in Sparks, NV, the new construction, class-A industrial warehouse spans 489,440 square feet. The property benefits from its close proximity to the Reno-Tahoe International Airport as well as the Reno Transportation Rail Access Corridor (reTRAC).
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