Colliers Brokers Record 1M-Square-Foot Lease
North Vegas Logistics Center Welcomes HEYDUDEÔ Shoes
Las Vegas, NV- April 5, 2023 – Colliers has achieved a historic milestone in Las Vegas by brokering the city’s first-ever one-million-square-foot lease, securing a single building user located within NorthPoint Development’s first project in Southern Nevada, North Vegas Logistics Center. North Vegas Logistics Center totals ±2,051,156 square feet and is represented by Dan Doherty, SIOR, Vice Chairman, Paul Sweetland, SIOR, Executive Vice President, Chris Lane, SIOR, CCIM, Senior Vice President, and Jerry Doty, SIOR, Senior Vice President of Doherty Industrial Group. Who represented NorthPoint Development in the landlord negotiations during this historic transaction.
“The successful completion of the first one-million-square-foot lease in Las Vegas is a testament to the hard work of the Northpoint team, the state-of-the-art facility, and the growing demand for distribution space in the Las Vegas market to service the entire West Coast,” said Jerry Doty at Colliers. ” We are honored to have represented NorthPoint Development in this landmark transaction and look forward to working with them to find another 1m square foot tenant on our second building at the project.”
North Vegas Logistics Center, is expected to deliver later this year , offering a premier industrial project consisting of two buildings totaling over 2 million square feet, that offers contemporary features such as 40-foot clear heights, ESFR sprinklers and ample trailer parking. With its newest tenant, HEYDUDEÔ Shoes, the center further cements its reputation as a marquee regional distribution and logistics hub. “We are very excited about this development,” said Tristan Ott with NorthPoint Development. The successful completion and lease of a development this size doesn’t happen without the support of our various project partners, including Colliers, BentallGreenOak, and the City of North Las Vegas.”
HEYDUDEÔ Shoes joined the Crocs brand after being acquired by Crocs, Inc. in 2021 and announced plans to open a Las Vegas distribution in September 2022. The deal was closed with the assistance of Danielle Steffen and Michael Schoeder of Cushman and Wakefield, who represented the tenant.
“We’re thrilled to see the Doherty Industrial Group make history with this monumental leasing assignment. Dan, Paul, Chris, and Jerry moved tirelessly to make this happen. Their expertise is second to none,” said Aaron West, Managing Director and Las Vegas Market Leader at Colliers. “This transaction showcases the strength of Colliers’ industrial brokerage platform and our commitment to delivering exceptional results for our clients. We are proud to be at the forefront of the Las Vegas market and will continue making history with more landmark deals in the future.”
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For further information, please contact:
Media Contacts:
Ashley Jeanes | Colliers
(214) 706-6053 | ashley.jeanes@colliers.com
Bryan Welch | Colliers
(801) 453-6819 |bryan.welch@colliers.com
About Colliers
Colliers is a leading diversified professional services and investment management company. With operations in 65 countries, our 18,000 enterprising professionals work collaboratively to provide expert real estate and investment advice to clients. For more than 28 years, our experienced leadership with significant inside ownership has delivered compound annual investment returns of approximately 20% for shareholders. With annual revenues of $4.5 billion and $98 billion of assets under management, Colliers maximizes the potential of property and real assets to accelerate the success of our clients, our investors and our people. Learn more at corporate.colliers.com, Twitter @Colliers or LinkedIn.
About NorthPoint Development
Established in 2012, NorthPoint Development is a privately held real estate operating company specializing in developing, leasing, and managing Class A industrial and multi-family properties. We invest alongside our partners through various fund and venture structures to develop industrial and multi-family assets. We differentiate ourselves with a data-driven approach to site acquisitions and a high level of technical expertise in engineering, architecture, and construction. Through our in-house suite of services, NorthPoint can provide end-to-end expertise, leading to expedited solutions. Today, the company is part of a network of eleven companies with a logistics focus and an emphasis on a factory-to-front-door approach. We’ve developed and managed over 169.4 million square feet of industrial space. It’s estimated that our developments have created more than 110,000 jobs and supported more than 557 industrial clients across the United States. We continue to operate with an entrepreneurial spirit guided by our Core Values, enabling us to deliver exceptional results for our team members, clients, and communities.
Visit beyondthecontract.com or follow @NorthPointDev to learn more.