Construction Starts on 550,000 SF Development in Las Vegas
Dermody Properties recently started construction on a 550,000-square-foot industrial facility on Las Vegas Boulevard near North Walnut Road. United Construction Company is the design-build contractor on the project. The companies expect to complete construction in the Second Quarter of 2017.
LogistiCenterSM at Las Vegas Boulevard will be ideal for distribution, e-commerce, manufacturing and warehouse operations. The industrial facility is suitable for up to four tenants, depending on their building requirements. The site offers an additional eight to nine acres of excess land for retail or office building development.
LogistiCenterSM at Las Vegas Boulevard Rendering
Upon completion, LogistiCenterSM at Las Vegas Boulevard will feature 36 feet of clear height and above-standard auto and trailer parking. The development is strategically located in the heart of the Interstate 15 corridor, with ability to reach customers in the southern California and Arizona submarkets overnight.
“We are pleased to be starting construction on another facility in Las Vegas,” said George Condon, Partner, Dermody Properties West Region Office. “It is a highly desired market, particularly for Internet fulfillment centers and e-commerce companies, and we expect LogistiCenterSM at Las Vegas Boulevard will be fully leased shortly after construction is complete.”
Dermody Properties has been involved in the Las Vegas industrial market since 1974 and has developed more than four million square feet in the market since that time. Earlier this year, the company completed and fully leased its LogistiCenterSM at Cheyenne facility, a 381,804-square-foot facility also located in the North Las Vegas submarket.
Dan Doherty, Executive Vice President, and Susan Borst, Vice President, of Colliers International Las Vegas are representing LogistiCenterSM at Las Vegas Boulevard on behalf of Dermody Properties. Adam Malan, Director, and Deana Marcello, Senior Brokerage Associate, of Logic Commercial Real Estate are representing the site’s excess acres of land on behalf of the company.