Lincoln Property Plans 1.6M SF Industrial Park in Las Vegas

Dallas-based Lincoln Property will build a 1.6M SF Class A industrial campus known as Windsor Commerce Park on an 86-acre site the firm’s LPC Desert West unit has purchased in North Las Vegas.

Located across the street from North Las Vegas Airport, on the northeast corner of Carey Avenue and Simmons Street, the eight-building campus will break ground next year anticipating delivery in 2024.

The buildings at Windsor Commerce Park will range from nearly 400K SF to about 50K SF, with all of the structures featuring 36-foot clear height, 24-foot glass entries and touchless technology.

LPC is planning to build the campus in one phases, estimating that the development will create 1,500 new jobs in the area. The Windsor Commerce Park is the first ground-up development in Nevada for LPC, which now owns and operates 4.5M SF of industrial space in NV.

The Las Vegas metro has one of the tightest industrial markets in the US, with the vacancy rate decreasing to 1.4% in Q2 2022, according to Cushman & Wakefield’s industrial market report.

“Current overall vacancy is at historic lows considering the scarcity of undeveloped land left in Las Vegas coupled with the intense demand for warehouse space in the valley,” C&W’s Q2 industrial report said, noting that about 16M SF of new warehouses had been delivered to the market since the beginning of 2020.

LPC Desert West has another large industrial development project underway in in the Greater Phoenix area.

In May, LPC acquired 140 acres in Glendale, AZ for a $515M, 2.3M SF industrial campus known as Luke Field. The project will include three buildings of 1.3M SF, 604K SF and 416K SF.

The Luke Field industrial development is named for nearby Luke Air Force Base, home to the 56^th Fighter Wing—the largest fighter wing in the US Air Force—part of the Air Education and Training Command. In addition to Luke Air Force Base, the Luke Field tract is bordered by Litchfield Road, Northern Avenue and Northern Parkway

Construction will begin at Luke Field later this year with delivery scheduled for 2024. The three buildings at the campus will each have 40-foot clear height, touchless technology, 3,000 amps of expandable power, automated door docks, and 5-foot by 10-foot clerestory windows on all elevations providing sky views and natural light.

Lincoln Property, in a joint venture with Roth Development and Scottsdale Investment Management, began in 2020 developing Glendale’s New Frontier District, a 265-acre, master-planned industrial campus located between the Loop 303 freeway and Sarival Road.

The first phase of the project, Park303, encompassed 75 acres and 4.5M SF of Class A industrial space.