DIV Industrial to Build 1.7 MSF Las Vegas Campus

El Dorado Valley Logistics Center. Image courtesy of DIV Industrial

DIV Industrial plans to develop El Dorado Valley Logistics Center, a 1.7 million-square-foot industrial campus in Henderson, Nev. The newly formed investor and developer recently acquired the 94-acre lot in the El Dorado Valley, with the assistance of Cushman & Wakefield.

DIV intends to break ground this summer on the project that represents its first big development and, at the same time, the largest industrial campus to be constructed in Henderson. HPA Architecture is the project’s architect and Kimley-Horn will serve as civil engineer.

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El Dorado Valley Logistics Center will be a LEED-certified property aiming for the highest efficiency specifications in the industry. Upon completion, the industrial campus will comprise two buildings ranging from 600,000 to 1 million square feet, featuring 42-foot clear heights and ESFR sprinkler systems.

Recently annexed to the City of Henderson, the development site is at the intersection of Roger Ray Road and Highway 95, close to interstates 11, 15 and 215. Downtown Las Vegas is some 24 miles northwest.

Cushman & Wakefield Executive Managing Directors Donna Alderson and Greg Tassi worked on behalf of the developer in the land acquisition.

Las Vegas’ industrial market

Nicholas Ilagan, co-founder and managing partner of DIV Industrial, said in prepared remarks that El Dorado Valley Logistics Center will be a much-needed addition to a market where demand for more logistics warehouse space continues.

According to CommercialEdge information, nearly 8.9 million square feet of industrial space was under construction in metro Las Vegas as of January. One of them is Golden Triangle Logistics Center, a 135-acre industrial development that will encompass 2.9 million square feet at full build-out.

The same data provider shows the metro’s planned and prospective projects added up to some 13.8 million square feet in the beginning of 2023. In August, Lincoln Property Co. announced its plans to develop its first industrial project in Nevada, bringing 1.6 million square feet of space to the area by the end of 2024.