Las Vegas, Nev. Land Development and Investment Powerhouse Cambridge Companies, LLC Announces 17 Acre Industrial Land Assemblage
By Business Wire News
By Business Wire News
Cambridge Companies, LLC is a highly respected land development, investment and finance company with more than 55 years’ experience. “Our team has over 20 years of experience in the Las Vegas market and submarkets,” says Filipp Chebotarev, Partner at Cambridge Companies. Chebotarev adds, “In Q3 2015, Las Vegas is a turning market; we’ve seen strong indicators of organic economic growth led by the industrial market recovery. This growth has translated across other property types, including SFR and multi-family.”
“At Cambridge, we attribute our success to key relationships with local brokers, an experienced local team, a strong research and analytics department, and strategic relationships with high net-worth investors as well as institutional clients,” says Michael Bash, Partner at Cambridge Companies.
“In 2015, Las Vegas experienced a healthy rise in the industrial market sector,” says Cambridge Companies Vice President and Partner Polina Chebotareva. Industrial vacancies in Henderson are below 1%. The brother and sister management team at Cambridge Companies have invested significantly in distribution and manufacturing sectors in Las Vegas, Nev. Prologis, Panattoni, Hillwood, and other heavy-weight industrial investors/developers have also made strategic acquisitions in Henderson.
The 17 acre parcel has 95 FWY frontage with easy axis on the Wagon Wheel on-ramp from Conestoga Way. The acquisition was an assemblage, including a bank owned REO and a private seller. The site will permit roughly 330,000 square feet of big-box distribution, refrigerated storage, self-storage, and manufacturing, as well as other common industrial uses. The site has rail spur compatibility and is near Nevada State College, which recently announced fall 2015 as the completion timeline of a major expansion that will triple the size of the current campus. Annual industrial absorption has surpassed 3.4 million square feet, up to 8 million square feet of user demand is unfulfilled, and only 1.8 million square feet of new development is planned or under construction across the entire valley for the next 18 months. The site is on the Canamex Corridor, which runs from Mexico to Canada, and the new I-11, a direct route to California, Arizona, Texas and other major markets. Zolltan Hollo of U.S. National Commercial represented Cambridge Companies as buyer on the purchase. This site is now available for lease, built to suit, or sale.
Cambridge Companies, LLC invests in multi-family, industrial, hospitality and gaming sectors in the Las Vegas metro region. More information on Cambridge Companies can be found on their website here.
Filipp Chebotarev, 888-615-6166