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Despite the current slowdown in industrial development and what experts are calling a return to prepandemic levels, fundamentals remain strong for this asset class. Investors and developers with long-term strategies continue to view the sector as a solid one. And the 4,300-acre Victory Logistics District project in Fernley, Nev., stands as proof.

Located along Interstate 80 and U.S. Route 50, with access to Union Pacific and BNSF railways, this master-planned industrial development is set to change Northern Nevada’s landscape. Mark IV Capital acquired the site in 2019 for $45 million, in what was then considered the second-largest industrial land sale in the state’s history.