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Western Realco Purchases Nevada Complex

NEWPORT BEACH, CA-The locally based developer says it will expand the 110,200-sf business park to encompass 750,000 sf of office, retail and flex space. The completed 46-acre project has a projected value of more than $100 million.

By Erin Cassin | Updated on June 26, 2001

NEWPORT BEACH, CA-Locally based developer Western Realco has acquired a 110,200-sf business park in Nevada and plans to expand it. When completed, the 46-acre project will encompass 750,000 sf of office, retail and flex space.

The complex, known as Stephanie Beltway Center, currently includes a two-story, 55,000-sf office building and two one-story flex buildings, encompassing 27,600-sf each, which stand on eight acres of land. Western Realco has purchased the buildings, along with 14 additional acres of land and has an option to acquire another 24 acres, according to Gary Edwards, the company’s president.

New construction on the project has been slated for 2002. The completed project, including the option land, will be worth more than $100 million, according to a company spokesperson.

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