North Las Vegas, NV
Construction Begins on Golden Triangle Logistics Center Phase II in Las Vegas
Phase II will Include a 652,000 Square Foot of Class A Logistics Building
June 30, 2021
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The Newport Beach office of Trammell Crow Company (TCC) and Washington Capital Management, on behalf of their client, have broken ground on the second phase of development at the Golden Triangle Logistics Center in North Las Vegas, Nev. Phase II includes a 652,010-square-foot speculative industrial building, slated for completion during the first half of 2022. Phase I of the development was completed in Q4 2020 and includes 1 million square feet of Class A space, of which only 393,305 square feet remains available for lease.
Building 3, located at 3375 East Washburn Road, will include concrete tilt-up walls; 37-foot clear height; 98 truck doors; four at-grade doors; 185-foot deep concrete exterior truck courts; and ample trailer and auto parking. The facility is designed to meet North Las Vegas energy standards and will feature energy efficient lighting and insulation, along with drought-tolerant landscaping to reduce water usage.
“The second phase of the Golden Triangle Logistics Center is an opportunity for our team to continue to capitalize on the growing demand for Class A industrial space 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. “We have had great leasing momentum at Buildings 1 and 2, which were completed in the first phase of construction, and we are hopeful that Building 3 will attract even more world-class tenants to this high-growth market.
” The Golden Triangle development site 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. Additional land parcels adjacent to Phases I and II provide users with potential expansion flexibility.
Marketing and leasing for the development is being handled by Kevin Higgins of CBRE Las Vegas and Donna Alderson of Cushman & Wakefield.
Trammell Crow Company
Trammell Crow Company (TCC) is a global commercial real estate developer and wholly-owned subsidiary of CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas. Founded in 1948, TCC has developed or acquired nearly 2,900 buildings valued at $75 billion and over 655 million square feet. As of September 30, 2023, TCC had $15.4 billion of projects in process and $14.5 billion in its pipeline. It employs 650 professionals in 28 major cities throughout the United States and Europe. The company serves users of and investors in office, industrial/logistics, healthcare, life sciences and mixed-use projects, as well as multi-family residential through its operating subsidiary High Street Residential. For more information visit www.TrammellCrow.com.