Prologis has invested over $100 million into the Southern Nevada market for real estate acquisitions and construction year-to-date, the company said today during a presentation at SIOR’s membership meeting. Prologis currently has 57 customers in 18 buildings for a combined 3.58 million square feet in Southern Nevada. The company’s local portfolio was 90% leased at the end of the second quarter versus 77.3% occupied a year ago. Prologis has leased 688,831 square feet in 22 transactions year-to-date in 2013. And more is to come. “We are going to continue to purchase land in Las Vegas,” said Prologis senior vice president Fritz Wyler. “We are big believers in the Las Vegas market.”Prologis Invests Over $100 Million in Las Vegas Market
Prologis has invested over $100 million into the Southern Nevada market for real estate acquisitions and construction year-to-date, the company said today during a presentation at SIOR’s membership meeting. Prologis currently has 57 customers in 18 buildings for a combined 3.58 million square feet in Southern Nevada. The company’s local portfolio was 90% leased at the end of the second quarter versus 77.3% occupied a year ago. Prologis has leased 688,831 square feet in 22 transactions year-to-date in 2013. And more is to come. “We are going to continue to purchase land in Las Vegas,” said Prologis senior vice president Fritz Wyler. “We are big believers in the Las Vegas market.”