Joint venture says goodbye to Reno

Triple Net Properties LLC arranged the sale of Reno Trademark, a 75,000-square-foot office building in Reno, Nev.

The value of the transaction was $10.6 million.

T REIT Inc., a public company that owned a 40 percent interest in the property, together with tenant-in-common investors that owned a 60 percent interest in the property, sold the asset to Skyline LP.

At the time of sale, Reno Trademark was fully occupied by Avnet Inc., an industrial distributor of electronic components, enterprise network and computer equipment and embedded subsystems.

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