The six-story building commonly known as the U.S. Bank Building was purchased by C2K ADVISORS LLC, an investment group established by Jeff Kirby in Reno. The seller was One East Liberty LLC a Reno-based real estate development company led by Blake Smith.
Kirby praised the work of Smith’s company, which invested more than $4.2 million in renovation, including extensive energy-efficiency work, since acquiring the property in 2013.
"Blake Smith and his team established a vision for a bustling hub at the most important corner in Reno, the intersection of Downtown, Midtown and the financial District,” Kirby said. “They delivered on their promises, creating a strong cornerstone property that now has drawn buyers with fresh capital to the region."
The transaction is financed by the UBS-AG based in New York. The building, which totals approximately 85,000 square feet of office, is 96 percent occupied.
RM&D represented the purchasers in the transaction. And, have been awarded the property management of the building.