El Dorado Valley Logistics Heart. Picture courtesy of DIV Industrial
DIV Industrial plans to develop El Dorado Valley Logistics Heart, a 1.7 million-square-foot industrial campus in Henderson, Nev. The newly shaped investor and developer not too long ago acquired the 94-acre lot within the El Dorado Valley, with the help of Cushman & Wakefield.
DIV intends to interrupt floor this summer season on the undertaking that represents its first huge growth and, on the similar time, the most important industrial campus to be constructed in Henderson. HPA Structure is the undertaking’s architect and Kimley-Horn will function civil engineer.
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El Dorado Valley Logistics Heart will probably be a LEED-certified property aiming for the very best effectivity specs within the trade. Upon completion, the economic campus will comprise two buildings starting from 600,000 to 1 million sq. toes, that includes 42-foot clear heights and ESFR sprinkler techniques.
Not too long ago annexed to the Metropolis of Henderson, the event web site is on the intersection of Roger Ray Street and Freeway 95, near interstates 11, 15 and 215. Downtown Las Vegas is a few 24 miles northwest.
Cushman & Wakefield Government Managing Administrators Donna Alderson and Greg Tassi labored on behalf of the developer within the land acquisition.
Las Vegas’ industrial market
Nicholas Ilagan, co-founder and managing associate of DIV Industrial, stated in ready remarks that El Dorado Valley Logistics Heart will probably be a much-needed addition to a market the place demand for extra logistics warehouse house continues.
Based on CommercialEdge data, almost 8.9 million sq. toes of commercial house was underneath building in metro Las Vegas as of January. One among them is Golden Triangle Logistics Heart, a 135-acre industrial growth that may embody 2.9 million sq. toes at full build-out.
The identical knowledge supplier exhibits the metro’s deliberate and potential tasks added as much as some 13.8 million sq. toes to start with of 2023. In August, Lincoln Property Co. introduced its plans to develop its first industrial undertaking in Nevada, bringing 1.6 million sq. toes of house to the realm by the top of 2024.