Alturas Buys $100M Outlet Mall in Sparks | Reno News

Alturas Capital Partners just dropped over $100 million to snap up The Outlets at Legends in Sparks, Nevada — a bustling 421,000-square-foot lifestyle hub drawing nearly 12 million visitors a year and home to big names like Nike, H&M, and Best Buy. This landmark deal, split into two transactions totaling $103 million, boosts Alturas’ fund to $850 million and expands their portfolio to over 4.5 million square feet. While anchor stores like Target and Lowe’s weren’t included, Alturas is poised to revitalize the property, capitalizing on Reno-Sparks’ booming economy driven by Tesla and Amazon — and a population with above-average incomes. This is just the beginning for the Idaho-based firm, which is aggressively expanding across the West, eyeing retail, office, industrial, and residential assets — especially in the high-growth Reno-Sparks corridor. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/e2229435000e5862