Lincoln Property Company Expands into Las Vegas

LAS VEGAS—The desert west region office of Lincoln Property Company, is expanding into the Las Vegas commercial real estate market. Based in Phoenix, the regional office also serves metropolitan areas in Arizona, Utah and New Mexico.

“Lincoln Property Company has a presence in more than 200 municipalities in the United States, and is focusing on expanding our presence in the Las Vegas market with institutional property management, acquisitions, development and construction management,” said David Krumwiede, EVP Lincoln Property desert west region. “We believe that now is an opportune time to enter the Las Vegas market as it's showing signs of steady growth.”

Lincoln Property was recently awarded an assignment in Las Vegas: the property management contract for a 273,301 square foot office/industrial complex, Bigfoot Business Park.

The property consists of 7 buildings total and is owned by Hong Kong-based Bigfoot Properties, Inc. Bigfoot Properties, a subsidiary of Bigfoot Entertainment, is a property investment company with a broad international portfolio across Asia and North America.

“As a Lincoln Property Company client in other metropolitan areas, we appreciate Lincoln's eye toward ownership. They treat their client's properties like they would their own, and have the capability to successfully manage this property to our high standards,” said Alan Krinzman, principal, Bigfoot Properties, Inc.

Bigfoot Business Park is currently occupied by 153 tenants including. The property features a full time on-site management office, covered parking and four move-in ready suites.

Lincoln Property Company is an international full service real estate firm offering real estate development, design / construction management, leasing, property management/ receivership / asset management services.