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Harsch Prepares for Next Speedway Expansion

LAS VEGAS-The Portland, OR-based investor-developer continues to expand its Las Vegas Valley portfolio, which will crest at eight million sf next year.

By Brian K. Miller | Updated on September 23, 2007

(Read more on the industrial market.)

LAS VEGAS-Within a few months of opening the 523,000-sf second phase of Speedway Commerce Center in North Las Vegas, Harsch Investment Properties is well down the road toward phase three. The Portland, OR-based real estate investment company recently acquired a 50% stake in 35 acres across the street with plans for a 480,000-sf, 11-building flex-industrial complex called Speedway Commerce Center West that would take its Las Vegas Valley portfolio to approximately eight million sf.

Harsch Investment Properties regional SVP Ed Borst tells GlobeSt.com the $70-million expansion is scheduled to get under way in spring 2008 at the northwest corner of Hollywood Boulevard and Azure Avenue, across the street from the first two phases. The first of three phases is scheduled to open by early 2009, the final phase by the end of 2010.

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