Las Vegas, Nev., July 12, 2021 – Less than a year after breaking ground, Harsch Investment Properties has completed the 150,000-square-foot Tropical Speedway Commerce Center in North Las Vegas and leased half of its available space. The state-of-the-art light industrial building brings the company’s holdings in Las Vegas to 30 properties totaling more than 10.5 million square feet.
“We have over 1,900 tenants in Las Vegas Valley and this new project helps expand our presence in the region and allows us to serve our tenants and meet their growth needs,” said Jordan Schnitzer, President of Harsch Investment Properties.
Located at 6150 Tropical Parkway, Tropical Speedway Commerce Center is already home to four tenants, including Foundation Building Materials, Moroccan Oil, Kemco West and Amsoil. The JLL leasing team includes executive vice presidents Jason Simon, Rob Lujan and Xavier Wasiak. R&O was the general contractor for the project, and the design team was VLMK Engineering + Design and VTN Consulting Engineers.
Tropical Speedway Commerce Center’s available square footage ranges from 14,961 to 44,977 square feet. The building’s features include dock and grade loading, 28’-32’ clear height, 130’ truck court and a parking ratio of 1.46:1,000.
“With the completion of Tropical Speedway Commerce Center, our portfolio within the Speedway submarket has surpassed 3 million square feet,” said Reed Gottesman, SVP, Regional Manager of Las Vegas for Harsch. “This project is another offering by Harsch that is ideally suited to meet the needs of mid-size tenants looking for top-tier light industrial space.”
With construction complete and leasing well underway at Tropical Speedway Commerce Center, Harsch is now looking ahead to two additional phases of the project. Set to break ground in fall 2021, Tropical Speedway Commerce Center 2 will be a 155,000-square-foot industrial building on the north side of Tropical Parkway at the intersection of Beesley Drive. The building could be leased by a single tenant or multiple tenants looking for warehouse, manufacturing or distribution space.
Tropical Speedway Commerce Center 3 will be two shell buildings totaling 732,160-square-feet on the south side of Tropical Parkway and the north side of El Campo Grande Avenue.
About Harsch Investment Properties
Harsch Investment Properties is a privately-owned real estate company that acquires, manages and develops properties for its own portfolio. The company owns and operates 27 million square feet of office, multi-tenant industrial, multi-family and retail properties in six western states. Headquartered in Portland, Oregon, Harsch has regional offices in Portland, Seattle, the San Francisco Bay Area, Sacramento, Las Vegas, San Diego and Arizona. Harsch opened its office in Las Vegas in 1994 and now owns and operates over 1 billion dollars of real estate in the valley.