davidc@ccr-mag.com
November 6, 2022
VanTrust Real Estate, LLC (VanTrust) broke ground on the first two buildings at its latest industrial development, Vantage North, after having begun mass grading earlier this year. The project will be home to upwards of 4.5 million square feet of state-of-the-art logistics and distribution facilities across 350 acres at full buildout. Located in a rapidly growing sub-market of North Las Vegas, Vantage North has a half-mile of freeway visibility along the I-15 and is accessible via the Speedway interchange.
Infrastructure and site work commenced in January at Vantage North, and now the first two industrial buildings are underway.
“We are thrilled to continue our momentum in Southern Nevada and break ground on the first two buildings at this large-scale development,” said Keith Earnest, Executive Vice President for VanTrust. “We wouldn’t be able to celebrate this tremendous milestone without our partners and support from the Mayor, City Council, and City Staff.”
VanTrust has already pre-leased one of the buildings to Saddle Creek Logistics (SC Logistics), which will occupy 580,000 square feet in the fourth quarter of 2023.
“We’re excited to have SC Logistics as our first tenant at Vantage North. They are one of the premier third-party logistics companies, and we look forward to delivering a best-in-class distribution facility for them,” said Earnest.
“Saddle Creek’s primary focus has always been to identify locations that best serve our clients. This location puts us in the best strategic position in both transit times and available resources in the region to accomplish that goal,” said Robert Pericht, Senior Vice President, Customer Solutions and Operational Development at SC Logistics.
North Las Vegas Mayor John Lee, along with VanTrust’s Executive Vice President, Keith Earnest, and Guy Martin, President at Martin-Harris Construction, spoke at the groundbreaking on November 2.
“VanTrust has moved at a tremendous pace since acquiring this site. This groundbreaking is another huge win for the City of North Las Vegas as we lead the way in diversifying the economy of Southern Nevada,” North Las Vegas Mayor John Lee said. “As we expand our water line into Apex Industrial Park, development is following, bringing good-paying jobs for residents and opportunities for companies looking to expand their operations or relocate to a more affordable and business-friendly environment. VanTrust saw this Council’s strategic vision and was one of our earliest development partners, and this milestone is a further testament to their commitment to the City of North Las Vegas as they expand their footprint yet again.”
The first two buildings total over 1 million square feet and are scheduled to be completed in November 2023. The team of Kevin Higgins and Jake Higgins of CBRE are marketing the development.
“With vacancy rates at record lows, timing is ideal for new development in this highly sought-after location,” said Kevin Higgins, Executive Vice President for CBRE’s Advisory & Transaction Services. “VanTrust’s flexibility to develop speculative buildings, as well as built-to-suit options to meet the unique needs of tenants, sets them apart in the market.”
VanTrust’s work in North Las Vegas also includes Northgate Distribution Center, which was named Industrial Park of the Year at the 2022 NAIOP of Southern Nevada Spotlight Awards. Northgate is an eight-building, 3.5 million square foot industrial park. VanTrust also delivered Tropical Distribution Center, a 1.8 million square foot industrial park in North Las Vegas with national tenants, including Sephora and Novva Data Centers.
About VanTrust Real Estate, LLC:
VanTrust Real Estate, LLC is a full-service real estate development company. The company acquires and develops real estate assets for the Van Tuyl family portfolio and offers a broad range of real estate services including acquisition, disposition, development, development services, corporate services, and asset management. Product types include office, industrial, multifamily, retail, and hospitality. VanTrust works nationally with regional offices in Columbus, Dallas, Phoenix, and Jacksonville with its headquarters in Kansas City, Missouri. For more information, visit www.vantrustre.com.
About the City of North Las Vegas:
North Las Vegas stretches across the northern rim of the Las Vegas Valley and is home to more than 275,000 residents. As a premier place to live, work and play, North Las Vegas leads the valley in new home development while maintaining a longstanding tradition of successful economic development in a business-friendly environment. The City of North Las Vegas’ fast and faster approach has made the city a top destination in the country for development opportunities. North Las Vegas is a hub for new job creation and economic diversification that attracts global brands, innovative industries, manufacturing, e-commerce, and logistics centers.
*Featured Photo Courtesy: Vantrust
