Whitebox Technologies Signs Long-Term, Full-Building Lease for 350,528 SF at Golden Triangle Logistics Center
The Newport Beach office of Trammell Crow Company (TCC) and Washington Capital Management, on behalf of their client, announces the signing of a 350,528-square-foot lease at Golden Triangle Logistics Center in North Las Vegas, Nevada. Whitebox Technologies, Inc., which provides world-class solutions in data migration and data conversion, will occupy the entirety of Building 1, a rear-loader facility located at 3325 E. Washburn Road. The company will utilize the property for e-commerce purposes.
“We are extremely pleased to welcome Whitebox Technologies and its new West Coast facility as our first tenant at Golden Triangle Logistics Center. We were able to deliver the company a facility that meets the current and future demands of their business,” said Tom Bak, Senior Managing Director for TCC’s SoCal – Newport Beach office, which is spearheading the development of Golden Triangle. “Pre-leasing Building 1 during the pandemic shows the strength of Golden Triangle Logistics Center’s Class-A specifications, design and flexibility; the property is capable of housing major e-commerce and logistics users in the Las Vegas market, located less than four hours’ drive from the Inland Empire and strategically positioned for quick access to major West Coast markets.”
Once complete, the Golden Triangle Logistics Center will span a total of 127 acres and include 2.7 million square feet of Class A logistics space. In addition to Building 1, the first phase of the project includes Building 2, a 652,000-square-foot cross-dock facility that is available for lease. The project also includes a third building for an approximately 675,400-square-foot cross-dock facility, to be built during Phase II. The buildings in Phase I feature 36-foot and 37-foot clear heights with ESFR fire sprinklers; seven-inch floor slabs; 185-foot secured, concrete truck courts; and abundant dock-high loading and parking. Phase I shell construction was completed in October 2020 while Phase II is expected to begin construction soon thereafter. Adjacent to Golden Triangle Logistics Center Phases I and II, additional land parcels provide users with potential expansion flexibility.
The Golden Triangle development site is located in the city of North Las Vegas and provides direct access to Interstate 15 via Craig Road. The project’s location is closer to North Las Vegas’ strong labor pool compared to the handful of competitive properties near the Las Vegas Speedway area.
The property owner was represented by Kevin Higgins and Jake Higgins of CBRE and Donna Alderson of C&W. The tenant was represented by Alma Cuevas of C&W.
About Trammell Crow Company
Trammell Crow Company (TCC), founded in 1948, is one of the nation’s leading developers and investors in commercial real estate. The Company has developed or acquired 2,700 buildings valued at nearly $65 billion and over 590 million square feet. As of September 30, 2020, TCC had $14.8 billion of projects in process and $5.9 billion in its pipeline. It employs more than 550 professionals in the United States and the United Kingdom.
Trammell Crow Company’s teams are dedicated to building value for its clients with professionals in 18 major cities throughout the United States and London. The company serves users of and investors in office, industrial, retail, healthcare, multi-family residential, through its operating subsidiary High Street Residential, and mixed-use projects. For those who occupy real estate, TCC can execute the development or acquisition of facilities tailored to meet the needs of its clients. For investor clients, the company specializes in joint venture speculative development, acquisition/re-development ventures, build-to-suit development and providing incentive-based fee development services.
TCC is an independently operated subsidiary of CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, and the world’s largest commercial real estate services and investment firm (in terms of 2019 revenue).
