Colliers International | Las Vegas’ Doherty Industrial Group represented Panattoni Development Co. 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 Co., an 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.
Sweetland, SIOR; Dan Doherty, SIOR; Chris Lane, CCIM; and Jerry Doty represented Panattoni on all transactions.
COMPLETED SALES TRANSACTIONS
• A sale to Wantai LLC. The approximately 23,596-square-foot retail property is in Russell Pavilion at 6825 W. Russell Road. The transaction value is $6,000,000. Dan Gluhaich of Colliers International represented the seller, Daniel and Cathy Pereyra.
• A sale to International Asset Manager Inc. The approximately 11.83-acre land parcel is near Galleria Drive and Boulder Higway (APN: 178-02-501-009) in Henderson. The transaction value is $4,750,000. Brian Riffel, SIOR, and Tyler Jones of Colliers International represented the seller, Southwest & Martin Commercial Center LLC.
• Devin Lee, CCIM, and Montana Giesbrecht of Access Commercial Mortgage have announced the recent financing of Pair-A-Dice Mobile Home Park for $3,200,000. This property consisted of 137 mobile home units in an Opportunity Zone at 2067 N. Las Vegas Blvd. in North Las Vegas. This transaction closed on June 19. Access Commercial Mortgage represented the buyer, Espinoza Ruano LLC & Koala Apartments LLC, on this transaction.
• A sale to BE Liquidators LLC. The approximately 5,000-square-foot industrial property is at 4470 E. Cheyenne Ave. The transaction value $750,000. Dean Willmore, SIOR, and Michael and Lauren Willmore of Colliers International represented the seller, RJ Truck Lines LLC. Alex Stanisic of Colliers International represented the buyer.
COMPLETED LEASE TRANSACTIONS
• An undisclosed user leased approximately 64,400 square feet of industrial space in LogistiCenter at Speedway at 6565 Nascar St. Sean Zaher of CBRE represented the landlord.
• A lease to Raiders Football Club LLC. The approximately 18,964-square-foot industrial property is in Matter Park @ West Henderson at 1395 Raiders Way, Suite 100-120 in Henderson. Dan Doherty, SIOR; Paul Sweetland, SIOR; Chris Lane, CCIM; and Jerry Doty of Colliers International represented the lessor, Matter Park @ West Henderson LLC.
• A lease to Silver State Services LLC. The approximately 12,218-square-foot industrial property is at 4011 Oquendo Road Suite A & C. Brian Riffel, SIOR, and Tyler Jones of Colliers International represented the lessor, David & Sally Sawyer Trust.
• A lease to Salient Consulting Group Inc. The approximately 10,303-square-foot industrial property is in Hughes Airport Center at 831 Pilot Road, Suite D. Dean Willmore, SIOR; Alex Stanisic; Mike Willmore and Lauren Willmore; and Stacy Shapiro, CCIM, of Colliers International represented the lessee.
• A lease to Ray Morgan Co. LLC. The approximately 8,978-square-foot industrial property is in Warm Springs Business Center at 7140 Dean Martin Drive, Suites 100 & 200. Pat Marsh, SIOR, and Sam Newman of Colliers International represented the lessee.
• A lease to Volga Repair Services LLC. The 6,121-square-foot industrial property is in Warm Springs Distribution Center at 7540 Dean Martin Drive, Suite 505. Spencer Pinter; Dan Doherty, SIOR; Paul Sweetland, SIOR; Chris Lane, CCIM; and Jerry Doty of Colliers International represented the lessor, KTRV LV LOAN II LLC.
• A lease to MP Mine Operations LLC dba MP Materials. The 5,344-square-foot office property is in Marnell Corporate Center V at 6720 Via Austi Parkway. Patti Dillon, SIOR; Taber Thill, SIOR; and Megan McInerney of Colliers International represented the lessor, TA Realty.
• A lease to Flooring Center Limited LLC. The approximately 4,208-square-foot industrial property is in Beltway Marketplace at 9220 S. Eastern Ave., Suite 105. Alex Stanisic; Lauren and Mike Willmore; Stacy Shapiro, CCIM; and Dean Willmore, SIOR, of Colliers International represented the lessee.
• A lease to Firebooth Inc. The approximately 2,705-square-foot industrial property is in Matter Park @ West Henderson at 1371 Raiders Way, Suite 150 in Henderson. Dan Doherty, SIOR; Paul Sweetland, SIOR; Chris Lane, CCIM; and Jerry Doty of Colliers International represented the lessor, Matter Park @ West Henderson LLC.
• A lease to Dog Diggin’s Designs LLC. The approximately 2,250-square-foot industrial property is at 6672 Boulder Highway, Suite 7. Mike and Lauren Willmore; Dean Willmore, SIOR; Alex Stanisic; and Stacy Shapiro, CCIM, of Colliers International represented the lessee.
• A lease Precision Window Tint LLC. The 1,977-square-foot industrial property in Bruner Commerce Park at 1610 Raiders Way, Suite 150, in Henderson. Grant Traub, SIOR; Chris Connell, SIOR; Dan Doherty, SIOR,; Chris Lane, CCIM; Paul Sweetland, SIOR; and Jerry Doty of Colliers International represented the lessor, Retko Group LLC. Steve Haynes of Colliers International represented the lessee.
• A lease McGhee and Associates. The 1,735-square-foot industrial property is in Koll Am Pac Industrial Park at 901 American Pacific Drive, Suite 140, in Henderson. Gabe Telles, Ryan Hendershot and Chase Pavlov of Colliers International represented the lessee.
• A lease to The Cereal Killerz Kitchen LLC. The 1,098-square-foot retail property is in Oso Blanca Pavilions at 7540 Oso Blanca Road, Suite 145. David A. Grant of Colliers International represented the lessor, TJO Investments LLC/Thrust Properties LLC.
• Lusso Auto Design, LLC leased 15,605 square feet of industrial space in Pacific Business Center at 1125 American Pacific Drive. Sean Zaher of CBRE represented both the landlord and the tenant.
• Dream Motorcars Las Vegas LLC renewed its lease of 5,425 square feet of industrial space in Harmon Warehouse Center at 4301 S. Valley View Blvd. Sean Zaher of CBRE represented the landlord.
• The DAW Family Trust U/A/D 9/5/06 renewed its lease of 4,864 square feet of industrial space in Harmon Warehouse Center at 4301 S. Valley View Blvd. Sean Zaher of CBRE represented the landlord.
