Most of Tahoe Reno Industrial Center sold to software company

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RENO, Nev. (KOLO) - The Tahoe-Reno Industrial Center that houses the Tesla Gigafactory has sold the remaining vacant land in the park, with 100 square miles of it going to a technology company.

TRI Center reports it the entire center is 162 square miles, so the sale to Blockchains, LLC amounts to 62 percent of the center.

TRI Center said there is still land for sale in the center, but now it is from new developers and investors.

TRI Center developer Lance Gilman said Blockchains paid cash for the land it bought. The sale price was not disclosed.

“And while they have not announced their specific plans for the land, I suspect that they will be building a large facility on one large site in Comstock Meadows along USA Parkway/Infinity Highway, very near the Google site, and adjacent to the Reno Land Tech park,” Gilman said in a statement. “They purchased all our remaining developable land which has superb facility site possibilities.”

There was about another 15.6 square miles of property sold to other companies.