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DEAL WATCH: ARES Nevada builds energy storage facility in Pahrump

GROUND BREAKS ON PAHRUMP ENERGY STORAGE FACILITY

ARES Nevada, an affiliate of Advanced Rail Energy Storage (ARES), has announced the groundbreaking for its first GravityLineTM merchant energy storage facility. The 50 MW facility will be able to provide 15 minutes of regulation services at full capacity — supporting renewable energy integration across the Western U.S.

“While we have made significant steps forward in renewable energy generation, it is clear utilities and independent power producers alike need a diversity of energy storage solutions. Cost-effective and scalable while non-flammable and water-less, ARES GravityLine is that solution,” said Howard Trott, ARES CEO.

Finalizing local permitting, the yearlong construction phase of the project is expected to begin late late this year on 20 acres at the Gamebird Pit, a working gravel mine in Pahrump. ARES has selected Potelco, a Quanta Services company, as the EPC contractor. The facility will create approximately 30 direct jobs during construction.

“I’m pleased a portion of the mine our family has owned and operated since the late 1980s can be reclaimed through a process that benefits the future of energy,” said Jim Wulfenstein. “Helping launch a new economic base for Pahrump and the surrounding community while mitigating a global problem, we look forward to working closely with ARES to develop this facility.”

COMPLETED SALES TRANSACTIONS

• A sale to Michael F. Colvin. The 45,659-square-foot industrial retail property is at 1011 E. Alexander Road in North Las Vegas. The transaction value was $6,143,500. Dean Willmore; SIOR; Lauren Willmore; Alex Stanisic; Mike Willmore; and Stacy Shapiro, CCIM, of Colliers International represented the buyer.

• A sale to Rockstream Properties LLC. The 6,170-square-foot industrial property is in Traverse Pointe Commerce Center at 1172 Wigwam Parkway in Henderson. The transaction value was $1,275,000. David A. Grant of Colliers International represented the seller, Landmark Ventures LLC.

• A sale to DFA LLC. The 0.82-acre land property is at 815 N. Martin Luther King Blvd. (APN: 139‐28‐304‐002). The transaction value was $215,000. Brian Fike and Gabe Skerlich of Colliers International represented the buyer.

COMPLETED LEASE TRANSACTIONS

• Home Depot U.S.A., Inc. leased approximately 121,389 square feet of industrial space in Silver State Commerce Center at N. 5th Ave. and Craig Road. Garrett Toft, SIOR, of CBRE represented the landlord and Kevin Higgins, SIOR, of CBRE represented the tenant.

• RJW Logistics Inc. leased approximately 6,214 square feet of industrial space in Silverado Business Park at 4114 N. Pecos Road. Sean Zaher of CBRE represented the landlord.

• A lease to Sahara Imports Inc. The 0.33-acre land parcel is at 2121 E. Sahara Ave. Grant Traub, SIOR, and Chris Connell, SIOR, of Colliers International represented the lessor, Autosource Motors of Las Vegas.

• A lease to SELM LLC. The 2,889-square-foot industrial property is in Hacienda Crossings at 5275 S. Arville St., Suite 300. Dean Willmore, SIOR; Alex Stanisic; Lauren Willmor; and Stacy Shapiro, CCIM, of Colliers International represented the lessor, FJM Vegas Holdings LLC. Mike Willmore of Colliers International represented the lessee.

• A lease to Extreme Safety Inc. The 2,866-square-foot industrial property in Patrick Airport Center at 6035 Harrison Drive, Suite 6. Dean Willmore, SIOR; Alex Stanisic; Mike Willmore; Lauren Willmore; and Stacy Shapiro, CCIM, of Colliers International represented the lessor, BKM MAC 228 LLC. Alex Stanisic of Colliers International represented the lessee.

• A lease to Safe Life Defense L.L.C. The 137,225-square-foot industrial property is in Matter Park @ West Henderson at 1379 Raiders Way in Henderson. Dan Doherty, SIOR; Paul Sweetland, SIOR; and Jerry Doty, SIOR, of Colliers International represented the lessor, Centra Gateway Corporate Center LLC. Chris Lane, SIOR, CCIM of Colliers International represented the lessee.

• A lease to Mikhail Education Corp. Inc. The approximately 71,100-square-foot industrial property is in Mountain West Industrial Park at 7180 W. Post Road, Future Building 1. Dean Willmore, SIOR; Alex Stanisic; Mike Willmore; and Lauren Willmore of Colliers International represented the lessor, SD Parcels LLC.

• A lease to HealthCare Partners Management Services Nevada LLC. The 5,743-square-foot medical office property is in Tuscano Medical Parc at 10521 S. Jeffreys St., Suite 100 in Henderson. Stacy Shapiro, CCIM, and Alexia Crowley, CCIM of Colliers International represented the lessor, RPBS LLC.

• A lease to Nevada Solar Group Inc. The 3,883-square-foot industrial property is in Pace Commerce Center at 5145 S. Arville St., Suite F. Dean Willmore, SIOR; Mike Willmore; Alex Stanisic; and Stacy Shapiro, CCIM of Colliers International represented the lessor, FJM Vegas Holdings LLC. Lauren Willmore of Colliers International represented the lessee.

• A lease to KNS LLC. The 2,866-square-foot industrial property is in Patrick Airport Center at 6045 Harrison Drive, Suite 1. Dean Willmore, SIOR; Alex Stanisic; Mike Willmore; and Stacy Shapiro, CCIM, of Colliers International represented the lessor, BKM MAC 228 LLC. Lauren Willmore of Colliers International represented the lessee.

• A lease to Access Psychiatric Assocates. The 1,624-square-foot office property is in Robindale Center at 305 N. Pecos Road in Henderson. Al Twainy, CCIM, and Jennifer Lehr, CCIM, of Colliers International represented the lessor, Terry K Baker LLC.

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