Colliers International – Las Vegas’ Industrial Team Leases Panattoni’s ±482,300 Square Foot Distribution Facility at South15 Airport Center

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LAS VEGAS, Sept. 7, 2018 – Colliers International – Las Vegas is pleased to announce the lease up of Panattoni’s newly completed ±482,300 SF distribution facility at South15 Airport Center in Henderson to Smith Food & Drug Centers, Inc. The facility will be used by Smith’s as a distribution center for dry good products serving locations in the southwest, including Nevada, New Mexico, Arizona and Utah. This Smith’s facility will bring more than 200 employment opportunities to the Valley.

The South15 Airport Center, where the new Smith’s distribution center is located, is a 150-acre master planned office and industrial park. Nearby businesses include: the Levi Strauss distribution center, Turano Nevada Baking, the future Raiders practice facility, Maverick Airlines, Southwest Gas Training and Operations Center, Cox Communications, a future Costco store, Cashman Equipment and the M Resort Spa Casino.

“Logistically, the South15 Airport Center is viewed as an emerging submarket in an ideal and superior location,” said Doherty. “This location allows convenient access to the neighboring FedEx Ground facility, Interstate 15, Interstate 215, Henderson Executive Airport, and is only 30 miles from the California border where the majority of incoming product arrives from daily.”

Susan Borst, SIOR, CCIM and the Colliers International – Las Vegas’ industrial team were responsible for the transaction. The Colliers team is led by Dan Doherty, executive vice president of the industrial division of Colliers International. Doherty has been one of the top five producers in the Las Vegas office for the past 14 years. Doherty and his team have brokered over 3.5 million square feet of industrial property over the past year. The industrial team includes: Paul Sweetland SIOR, Chris Lane, and Jerry Doty.

For more information about Colliers International – Las Vegas, visit https://www2.colliers.com/United-States/Cities/Las-Vegas.

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About Colliers International Group Inc.

Colliers International Group Inc. (NASDAQ: CIGI) (TSX: CIGI) is a top tier global real estate services and investment management company operating in 69 countries with a workforce of more than 13,000 professionals. Colliers is the fastest-growing publicly listed global real estate services and investment management company, with 2017 corporate revenues of $2.3 billion ($2.7 billion including affiliates). With an enterprising culture and significant employee ownership and control, Colliers professionals provide a full range of services to real estate occupiers, owners and investors worldwide, and through its investment management services platform, has more than $20 billion of assets under management from the world’s most respected institutional real estate investors.

Colliers professionals think differently, share great ideas and offer thoughtful and innovative advice to accelerate the success of its clients. Colliers has been ranked among the top 100 global outsourcing firms by the International Association of Outsourcing Professionals for 13 consecutive years, more than any other real estate services firm. Colliers is ranked the number one property manager in the world by Commercial Property Executive for two years in a row.

Colliers is led by an experienced leadership team with significant equity ownership and a proven record of delivering more than 20% annualized returns for shareholders, over more than 20 years.

For the latest news from Colliers, visit Colliers.com or follow us on Twitter: @Colliers and LinkedIn.

For further information, please contact:

Courtney Goffstein, Marketing Manager
Las Vegas, Colliers International
Phone: 702-836-3710
Email: courtney.goffstein@colliers.com

About Panattoni

Founded in 1986, Panattoni Development Company, Inc. is one of the largest privately held, full-service development companies in the world. Panattoni operates from 24 offices in the United States, Canada and Europe. Since inception, Panattoni has developed more than 250 million square feet of space including more than 80 million square feet of build-to-suit projects. www.Panattoni.com.

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