Las Vegas, NV, 9/28/2015
- Panattoni Development Company and Hillwood Investment Properties have formed a joint venture to develop a ±480,000 square foot speculative bulk warehouse facility as Phase II of the South 15 Airport Park. The building will be constructed on a 28-acre site the partners recently acquired in the West Henderson industrial park. The South 15 Airport Center, located directly east of the Henderson Executive Airport and approximately one mile from the interchange of I-15 and St. Rose Parkway, is already home to a 320,000 sf FedEx Ground facility which was Phase I of the park. Neighbors include the Levi Strauss fulfillment center, Maverick Airlines, Southwest Gas Training & Operations Center, Cox Communications, Cashman (CAT) Equipment and the M Resort & Casino, to name a few. Features of the South 15 Class A building will include: ample car and trailer parking, a cross-dock configuration, 36' clear height, LED light fixtures, a high number of dock doors, grade level loading and many more features.
The Colliers International industrial team of Dan Doherty, SIOR
, Susan Borst, CCIM
, Chris Lane
and Jerry Doty
represented the seller, South 15 Partners, on the $5.6M land sale. The team will also be representing the owner of the planned industrial development on the site. The Panattoni/Hillwood partners are planning for project completion by the third quarter of 2016.
According to the Colliers Doherty Industrial
team, 'Logistically, the South 15 Airport Center is viewed as a new emerging submarket in an ideal and superior location, given its proximity of only ±30 miles to the California border, where the majority of incoming product arrives from daily.'
Mayor Andy Hafen of the city of Henderson added, "The development of industrial space in West Henderson represents the future of a new employment center for our city. It will also generate additional interest for businesses to relocate to and expand their operations in Southern Nevada and, of course, right here in Henderson."
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(NASDAQ: CIGI; TSX: CIG) is a global leader in commercial real estate services with more than 16,300 professionals operating from 502 offices in 67 countries
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