West Henderson Speculative Industrial Big Box Facility Announced
LAS VEGAS, NV Panattoni Development Company and Hillwood Investment Properties form a joint venture to develop a 480,000-square-foot speculative bulk warehouse facility as Phase II of the South 15 Airport Park. The building will be constructed on a 28-acre site the partners recently acquired in the West Henderson industrial park.
The South 15 Airport Center, located directly east of the Henderson Executive Airport and approximately one mile from the interchange of I-15 and St. Rose Parkway, is already home to a 320,000-square-foot FedEx Ground facility, which was Phase I of the park. Neighbors include the Levi Strauss fulfillment center, Maverick Airlines, Southwest Gas Training & Operations Center, Cox Communications, Cashman (CAT) Equipment, and the M Resort & Casino, to name a few. Features of the South 15 Class A building will include: ample car and trailer parking, a cross dock configuration, 36-foot clear height, LED light fixtures, a high number of dock doors, grade level loading, and many more features.
The Colliers International industrial team of Dan Doherty, SIOR, Susan Borst, CCIM, Chris Lane and Jerry Doty represented the seller, South 15 Partners, on the $5.6 million land sale. The team will also be representing the owner of the planned industrial development on the site. The
Panattoni/Hillwood partners are planning for project completion by the third quarter of 2016.
"The development of industrial space in West Henderson represents the future of a new employment center for our city," said Henderson Mayor Andy Hafen. "It will also generate additional interest for businesses to relocate to and expand their operations in Southern Nevada and, of course, right here in Henderson."