LAS has tied up 286,000 sf a ProLogis warehouse here for its southwestern US distribution center. The Seattle-based online retailer has inked a five-year lease for half of the total and holds an option to expand into the rest of the space, according to Colliers International, which represented the landlord in the transaction.

The average lease rate on the deal is approximately $0.50 per sf per month (NNN), local industry sources tell If Amazon takes down the full 286,000 sf, the value of the lease would be approximately $8.6 million.

The building, 3817-3837 Bay Lake Trail, is located within Las Vegas Corporate Center in North Las Vegas. Amazon hopes to have the distribution center up and running in October, in time for the holiday shopping season. The lease is Amazon’s first in Southern Nevada. It has operated a 786,000-sf facility near Reno since 1999.

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