Big New Building Breaks Las Vegas Drought

High Rise

The building drought in Las Vegas might just come to an end thanks to Prologis’ new project on its 464,203-square-foot Las Vegas Corporate Center No. 19 at Pecos and Gowan roads. This will mark the first time that a large scale, speculative building will be built in the local market since the recession.

“It certainly is monumental for local industrial development that someone is building the largest spec building ever, in 2014, in North Las Vegas,” said Kevin Higgins, executive vice president of Voit Real Estate Services and the broker leasing up the center. “They’re building it for a reason: Their belief is that we can attract strong companies to fill the space.”

The space is considered bigger than two Walmart Supercenters, combined. It will feature 36-foot ceilings for better product stacking (most local buildings have 32-foot ceilings) as well as a seven-acre parcel for trailer parking, or for a 153,000-square-foot addition.

It is the biggest industrial building to break ground since 2005 when computer supplier CDW Corp. began work on its 513,000-square-foot center in North Las Vegas. More importantly, Las Vegas Corporate Center No. 19 will be Southern Nevada’s biggest industrial space built on a speculative basis, meaning it has no tenants lined up.

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