LAS VEGAS – Colliers International | Las Vegas’ Doherty Industrial Group represented Panattoni Development Company in a $25.5 million purchase of undeveloped land in the rapidly expanding West Henderson submarket.
Located at the southeast corner of Bermuda Road and St. Rose Parkway, the 38.84 acres of land is being developed as a build to suit for an undisclosed tenant by Panattoni Development Company, a leading international commercial real estate developer that specializes in industrial, office and build to suit projects.
This is the fourth West Henderson transaction the Doherty Industrial Group has represented for Panattoni’s project known as South 15 Airport Center that now consists of nearly 211 acres. This most recent transaction comes on the heels of a 40-acre purchase by Panattoni called South15 Phase II, an 862,040-square-foot three-building speculative industrial development adjacent to the Raiders practice facility.
The Doherty Industrial Group has assisted Panattoni in attracting large companies to West Henderson over the years including FEDEX, Kroger’s Distribution Center and Amazon Fulfillment Center totaling more than 600,000 square feet.
“Over the years, our team has successfully led several transactions for Panattoni and other developers in West Henderson which has ultimately helped shape this submarket into an industrial real estate hot spot for several large and high-profile companies,” said Paul Sweetland, SIOR, senior vice president at Colliers International | Las Vegas and Doherty Industrial Group team member.
Dan Doherty, SIOR, Paul Sweetland, SIOR, Chris Lane, CCIM and Jerry Doty represented Panattoni on all transactions. To find out more about leasing options and availability at South 15 Airport Center, visit the Doherty Industrial Group.
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Maddie Skains, MassMedia