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Century Steel Buys 60 Acres for $24M

LAS VEGAS-The locally based company plans to develop a steel fabrication facility on 18 acres and flip the remainder to a user or a developer.

By Brian K. Miller | Updated on October 18, 2006

(To read more on the industrial market, click here.)

LAS VEGAS-An affiliate of Century Steel has acquired a 60.26-acre chunk of Black Mountain Industrial Park here for $24 million. The locally based company plans to slice off 18 acres for itself and flip the remainder, according to a broker in the deal, Grubb & Ellis SVP Xavier Wasiak.

The property is located immediately northeast of the I-215/I-515 interchange. The property borders Lake Mead Drive and then the northbound on-ramp to I-515 from Lake Mead Drive. One end of the property borders Pioneer Cos.’ chlor-alkali manufacturing facility.

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