Wednesday, November 18, 2020

Lincoln Property Co. Continues Nevada Expansion with $48.6 Million Industrial Park

 

Barbara Emmons

LAS VEGAS, NV -- With the $48.6 million purchase of West Craig Industrial Center, the Desert West Region of Lincoln Property Company (LPC) has increased its newly established Nevada presence to nine buildings and almost 800,000 square feet of Class A industrial space – with more acquisition opportunities on the horizon.

Darla Longo

“Like the Nevada industrial market itself, the West Craig logistics park is an extremely stable investment that is just hitting its stride and has a long runway ahead,” said Lincoln Property Company Senior Executive Vice President David Krumwiede. 

“It is a welcome addition to our regional portfolio, which we are quickly growing with institutional-quality industrial assets and developments in Arizona, Nevada and Utah.”

David Krumwiede

Delivered in 2019, West Craig Industrial Center is a brand-new, 343,820-square-foot, Class A industrial development. The project achieved rapid lease-up upon delivery and is now fully occupied.

John Orsak

It is located on 20 acres at 70-78 W. Craig Rd. in North Las Vegas, part of the popular Interstate 15 industrial corridor and minutes from downtown Las Vegas. 

The portfolio totals three buildings offering 30’ - 32’ clear height, 91 dock doors with a combination of drive-in and dock-high configurations, ESFR sprinklers and insulated ceilings.

West Craig Industrial Center, Las Vegas, NV

“This is a high-demand, low-supply market that is also highly land constrained,” said Lincoln Property Company Vice President of Real Estate John Orsak. “We expect that demand to continue to strengthen in the years ahead.”

CBRE’s National Partners Team, led by Darla Longo and Barbara Emmons, represented the property seller, a partnership between Huntington Industrial Partners and Polk Street Industrial. LPC Desert West will provide property management services for the project.

Aerial photo of West Craig Industrial Center

West Craig Industrial Center joins the growing LPC Desert West regional portfolio, spanning Arizona, Nevada, Utah and New Mexico. 

The company is focused on expanding their footprint in each of these states, increasing an already award-winning presence in Arizona that includes almost 6 million square feet of development, more than 10 million square feet of acquisitions and a four-state regional property management portfolio of almost 8 million square feet of office, industrial and retail product.

To discuss new commercial real estate investment and development opportunities across the Desert West region, contact Krumwiede or Orsak at 602.912.8888.

MEDIA CONTACT:

 

Stacey Hershauer

480.600.0195

stacey@focusaz.com

  www.lpc.com or www.lpcdesertwest.com

PulteGroup Virtual Fundraiser Raises Over $158,000 for Children’s Home Network in Tampa Bay

Irene Rickus
 

TAMPA, FL – PulteGroup’s West Florida Division held its annual fundraiser in support of the Children’s Home Network, but this year it was a little different. 

 In place of their annual golf tournament, the team hosted COVID-safe virtual events that included a “Golf Ball Drop” and online auction which raised $158,475, breaking last year’s record.

Southern Hills Plantation Club

Keeping with the golf theme of past years, Pulte sold numbered golf balls and arranged a helicopter to drop the balls onto the green at Feather Sound Country Club in Clearwater, Florida. The owners of the golf balls that made it into the hole shared the $1,000 prize.

“Despite the limitations of the pandemic, we are proud to have been able to have a highly-successful fundraiser for an organization that means so much to our team and our community,” said Sean Strickler, President of Pulte’s West Florida division.

 “Our relationship with the Children’s Home Network has grown every year with this amazing event, and this year, despite its challenges, was no different.”

 Sean Strickler

The event was a success with the help of trade-partners that stepped up and gifted their pledged donation despite the tournament being cancelled.

To show appreciation for the support, Pulte provided participants a certificate for a round of golf for up to four people at Southern Hills Plantation Club.

 Local PulteGroup employees also participated and, as with all charitable giving, PulteGroup matched employee donations.

“Once again the Pulte team exceeded our expectations,” said Irene Rickus, President & CEO of Children’s Home Network. “Given the situation with the pandemic, cancelling the tournament and still proceeding with fundraising—the results this year were unexpected and truly wonderful.”

Today, the Children’s Home Network serves nearly 25,000 underprivileged and at-risk children and adults each year with values that focus on respect, dignity, trust and compassion.

 

CONTACT:

Daniel Benjamin

Senior Account Executive,

 BoardroomPR

dbenjamin@boardroompr.com

O 954-370-8999

C 954-618-8287

Bank of America Plaza | 1776 N Pine Island Road

Suite 320 | Fort Lauderdale, FL 33322

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