Big, speculative industrial project planned
A local company has partnered with a national developer to build a big, speculative industrial project in southwest Las Vegas.
LaPour Partners and Dallas-based Jackson-Shaw have broken ground on the 165,235-square-foot, four-building Parc Post, a business complex on Post Road between the Jones and Rainbow boulevard exits on the 215 Beltway.
The partners said they expect to complete construction in the summer.
Because it has direct beltway access and proximity to McCarran International Airport, the 9.3-acre property will have advantages for tenants that need to move goods throughout the region, the companies said.
The project is the latest in a spate of speculative industrial projects, which are built without tenants signed. Developers including ProLogis, Panattoni and Dermody Partners are building hundreds of thousands of square feet of spec industrial space to meet demand from companies looking to move into the local market.
The local industrial vacancy rate stood at 5.1 percent in the fourth quarter, according to local brokerage CBRE Las Vegas. That was down from a 2012 peak of more than 12 percent.
Contact Jennifer Robison at jrobison@reviewjournal.com. Follow @_JRobison on Twitter.
