Harsch Investment Properties, a Portland, Ore.-based privately held real estate investment, development and management company, continued its industrial property portfolio expansion in Las Vegas by acquiring two large local business parks, totaling nearly half a million square feet and located minutes from McCarran International Airport and the Las Vegas Strip.
One of the two business parks, Patrick Commerce Center, is a premiere multi-tenant light industrial project in the Airport market. Its other newly acquired property, formerly Big Foot Business Park, is even larger: a nearby seven-building mixed-use office and warehouse project, which will be renamed Sunset Airport Center. “We have invested in the Las Vegas metropolitan area for almost 23 years,” said Jordan Schnitzer, president and CEO of Harsch Investment Properties. “Las Vegas is on a very steady and solid recession comeback trajectory, and we are very pleased to continue to expand our holdings in the market, serving over 1,500 tenants in the greater Las Vegas community.”
In addition to these acquisitions, Harsch will soon complete the latest phase, totaling 240,000 square feet at Henderson Commerce Center. Harsch will soon begin the next expansion in Henderson of 186,000 square feet of industrial flex buildings and will start development on two mid-bay, industrial distribution buildings in North Las Vegas totaling approximately 560,000 square feet. These properties are adjacent to Harsch’s two million-square-foot Speedway Commerce Center.