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Harsch Investment Properties Starts Work on New Industrial Development in North Las Vegas

9/24/20

Harsch Investment Properties has started development of Tropical Speedway Commerce Center, a 150k sf industrial development in North Las Vegas. This new project brings the company’s total holdings in Las Vegas to 30 properties encompassing more than 10.5 msf.

Tropical Speedway Commerce Center can accommodate users ranging from 14.9k sf to 150k sf. The project will feature 28-foot to 32-foot minimum warehouse clear heights, 36 dock-high doors and eight grade-level doors, 221 parking spaces, a 130-foot minimum truck court and ESFR Sprinklers. Completion is scheduled for second quarter 2021.

R&O Construction was selected as the general contractor for the project. The design team is VLMK Engineering + Design and VTN Consulting Engineers. JLL’s Jason Simon, Xavier Wasiak and Rob Lujan are overseeing leasing at the property.

"With the evolution of e-commerce, the Las Vegas industrial market continues to see high demand because of its proximity to other Southwest hubs and skilled labor," said Reed Gottesman, Senior Vice President/Regional Manager, Harsch Investment Properties. "Tropical Speedway Commerce Center is perfect for companies looking for a well-located logistics location in a business-friendly environment.”

According to a recent JLL industrial demand report, prior to the pandemic the company attributed as much as 35% of its overall industrial leasing to e-commerce, but now, with expectations for e-commerce to grow 20% in 2020 alone, JLL reports as much as 50% of its leasing activity is already attributed to e-commerce operations this year.






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