Brothers Trading Co. Will Occupy Part of Building 2 at the 127-Acre Industrial Park
The Newport Beach office of Trammell Crow Company (TCC) and Washington Capital Management, on behalf of their client, announce the signing of a 258,705-square-foot lease at Golden Triangle Logistics Center in North Las Vegas, Nev. Brothers Trading Co. Inc., a wholesale grocery distributor, will occupy part of Building 2, which spans 652,000-square feet. The lease marks an expansion for the company, which will be moving its wholesale operations to the building in August 2021.
Located at 3195 E. Washburn Road, Building 2 is part of the first phase of construction at Golden Triangle Logistics Center, which includes just over one million square feet of space across two buildings. The Phase I cross-dock facilities both 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 II of construction will begin later this year and will include a 652,010-square-foot Class A logistics facility when construction is complete in 2022. Adjacent to Golden Triangle Logistics Center Phases I and II, additional land parcels provide users with potential expansion flexibility.
“We are pleased to provide a high-end logistics space for Brothers Trading Co. as they expand their business significantly in the Las Vegas market,” said Tom Bak, Senior Managing Director of TCC’s Newport Beach office, which is leading the development of Golden Triangle Logistics Center. “Building 2 checked all of the boxes that the company needed in an expansion space, including a central location, access to amenities, tall clear heights and modern building features. TCC’s plans for further development of the park also afford our tenants an opportunity to continue expanding within Golden Triangle in the future.”
“This lease highlights the continued demand for industrial space,” said Cory Carlson, President and CEO of Washington Capital Management. “The combination of a well-situated project, thoughtful design and quality execution is a winning formula for our tenants and our client.”
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 of CBRE in the transaction, while the tenant was represented by Donna Alderson 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 2,800 buildings valued at nearly $70 billion and over 625 million square feet. As of March 31, 2021, TCC had $15 billion of projects in process and $6.8 billion in its pipeline. It employs nearly 600 professionals in the United States and Europe.
Trammell Crow Company’s teams are dedicated to building value for its clients with professionals in 23 major cities throughout the United States and Europe. The company serves users of and investors in office, industrial, 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 Dallas, and the world’s largest commercial real estate services and investment firm (in terms of 2020 revenue). For more information visit www.TrammellCrow.com.
