“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 in a news release. “They delivered on their promises, creating a strong cornerstone property that now has drawn buyers with fresh capital to the region.”
UBS-AG based in New York financed the purchase of the 85,000 square-foot office, according to a news release. The office building is one of six downtown Reno office buildings in its category.
Smith originally purchased the building for $5.9 million from U.S. Bancorp (U.S. Bank's parent company) in 2013, according to Washoe County Records. He said he put $4.2 million into improvements, including construction of the Starbucks drive-through on the corner and an outdoor seating area.
Read the full story here: Reno Gazette Journal