LAS VEGAS, Nev. — Dermody Properties, a national private equity real estate investment, development and management company focused exclusively on the logistics real estate sector, recently broke ground on a 251,800-square-foot distribution center in the North Las Vegas submarket of southern Nevada. It will be located at 6565 Nascar Street on a 14-acre site and will be called LogistiCenterSM at Speedway. It is estimated that construction will be completed by first quarter of 2020.
The North Las Vegas submarket offers the highest concentration of warehouse/distribution facilities in the region. This site is accessible to Interstate 15 via the Speedway Blvd. off-ramp and offers an unobstructed view from the interstate. The building is currently available for pre-leasing and is divisible to 24,300 square feet.
“This is an outstanding location for logistics-focused companies because of its ability to provide our customers with easy access to West Coast markets,“ said George Condon, West Region Partner for Dermody Properties, which is headquartered in Nevada. “Dermody Properties has been active in the Las Vegas market since 1974 and this is another great project that will benefit southern Nevada’s economy.”
Corporate neighbors include Amazon, Sephora, Sysco Foods, and of course, the Las Vegas Motor Speedway.
The project is represented by Garrett Toft and Sean Zaher of CBRE Las Vegas. United Construction Company will be the general contractor.
“Dermody Properties has a long history in southern Nevada, and we are committed to continued investment there,” said Douglas A. Kiersey, Jr., President of Dermody Properties. “This market shows incredible promise for growth in warehousing and distribution, as well as manufacturing.”
LogistiCenterSM, a nationally trademarked brand owned and developed by Dermody Properties, represents the company’s business philosophy of developing Class A distribution and logistics facilities that meet the supply-chain requirements of the most innovative companies.
For more information on LogistiCenterSM at Speedway, visit: https://dermody.com/region/west-region/property/logisticenter-at-speedway-blvd/