Dermody Properties will start construction on the facility, known as LogistiCenter(SM) at Las Vegas Boulevard, in the second quarter of 2016 and expects to complete construction in late 2016. Upon completion, LogistiCenterSM at Las Vegas Boulevard will feature 36 feet of clear height, 322 car parking spaces and 53 trailer parking spaces. United Construction Company, a national construction firm headquartered in Nevada, will be the design-build contractor.
Dermody Properties recently completed and fully leased its LogistiCenter(SM) at Cheyenne facility, a 381,804-square-foot facility also located in the North Las Vegas submarket in the heart of the Interstate 15 corridor.
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.
“We are seeing outstanding activity in Las Vegas,” said George Condon, Partner, Dermody Properties West Region Office. “We broke ground, completed construction and fully leased LogistiCenter(SM) at Cheyenne in only nine months. We look forward to continuing our expansion in the market with the addition of this Class A industrial facility on Las Vegas Boulevard.”
LogistiCenter(SM) at Las Vegas Boulevard will be ideal for e-commerce, warehouse, distribution and manufacturing operations. The development will be suitable for up to four tenants, depending on their building requirements. The facility will offer an additional eight to nine acres of excess land for retail or office building development.
Adam Malan, Director, Logic Commercial Real Estate, and Dan Doherty, Executive Vice President and Susan Borst, Vice President from Colliers International Las Vegas were brokers on the project.
Dermody Properties is a privately owned industrial real estate investment, development and management firm, founded in 1960. The firm specializes in acquisitions and development of industrial real estate in strategic locations for Internet fulfillment centers, manufacturing, distribution, third party logistics, food packaging and distribution. To learn more about Dermody Properties visit Dermody.com.
LogistiCenterSM is a national trademark brand, owned and developed by Dermody Properties. It represents the firm’s business philosophy of developing Class A distribution facilities that meet the supply-chain requirements of the most innovative companies. All LogistiCenterSM facilities are designed to meet best practices in sustainable design and construction, and incorporate building features, such as additional clear height and extra trailer and car parking, that enable companies to execute their operations more effectively and efficiently.
United Construction Company is a national construction company established in 1978 and headquartered in Reno, Nev., with a regional office in Chicago, Ill. United Construction Company has successfully designed and built over 45 million square feet of industrial and commercial facilities and offers Design-Build, Design-Assist/CMAR, General Contracting, Construction Management, Feasibility and Due Diligence services. To learn more about United Construction Company, please visit www.unitedconstruction.com.