- Tuesday, October 22, 2019
- Las Vegas, NV
News Release: Seefried, Clarion Partners Claim 150 Acres, Begin Phase 1 of Commerce Center in N. Las Vegas, NV (Clark County)
Las Vegas, NV - Seefried Industrial Properties and Clarion Partners, LLC have acquired a 150-acre land site that paves the way for Silver State Commerce Center, a multi-phase distribution complex that when complete, will incorporate approximately 2,588,801 square feet of office and warehouse space.
Located off Alexander Road and North 5th Street, the first phase of development will include buildings consisting of 367,600 square feet, 291,564 square feet and 174,615 square feet, respectively. The buildings will feature tilt-up construction, have clear heights ranging between 32 and 36 feet, 205 trailer spaces combined, an ESFR sprinkler system and ample parking.
"We are pleased to have closed on one of the largest remaining developable sites in the City of North Las Vegas. The site has excellent access and infrastructure. Coupled with its close proximity to downtown Las Vegas, we are very optimistic about the long-term success of the project. The Las Vegas market continues to experience strong user demand and net absorption; we expect this trend to continue for the foreseeable future," says Scott Irwin, SVP for Seefried. "This is Seefried's first acquisition in the Las Vegas market and we plan to grow our presence in this market."
Robert Jacob Architect will be the architect and Taney Engineering will be the civil engineer.
Phase 1 of 3 for Silver State Commerce Center is scheduled for shell completion during the third quarter of 2020.
For more information, please contact:
Senior Vice President - Southern California
About Seefried Industrial Properties:
Founded in 1984 by Ferdinand Seefried, Seefried Industrial Properties specializes in the development, leasing and management of industrial real estate in key markets across the U.S. Seefried leases and manages approximately 35 million square feet for its institutional and European clients and has developed, or is in the process of developing, more than 190 million square feet of space valued in excess of $13 billion across 30+ markets. Based in Atlanta, the firm has regional offices in Dallas, Chicago, Los Angeles and Phoenix. For more information, please visit www.seefriedproperties.com