The sale of this 263,924-square-foot building makes this the largest transaction in two years in the Reno-Sparks area, and the economic impact is expected to generate $9.58 million in the region during the first year alone.
With one is every 131 homes in Reno-sparks being a foreclosure, how the economy performs is what will turn this market around according to the Center for Regional Studies at the University of Nevada, Reno.
While the sale of the Pfizer facility will not turn the economy around on its own; this is an important step in helping to positively affect the local economy.
