Tolles Development Company has acquired AMH Properties' portfolio containing six Reno office buildings totaling 140,000 square feet.
The properties are primarily in the downtown core. The buildings include:
- Three buildings (241 Ridge, 201 Liberty and 275 Hill) in Reno’s downtown financial district;
- Two buildings in the boutique Washington Street commercial neighborhood near Hub Coffee Roasters and Dorinda's Chocolates, ;
- The building southeast of downtown at Vassar Street and Cordone Avenue, home to RISE Academy as well as the offices of more than 15 nonprofit organizations.
The AMH portfolio was assembled by Alex Hose and his wife, Marion Tavenner Hose. A much-respected leader of the commercial real estate sector in Reno, Marion unexpectedly passed away in early 2016, leaving Alex to determine the future of the portfolio.
Gaston and Wilkerson Management Group of Reno will manage the portfolio on behalf of Tolles Development Company.