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Harsch Acquires Trident Industrial Park for $16M

LAS VEGAS-A 130,000-sf acquisition by the privately held real estate company from Portland, OR, pushes its overall regional holdings to 7.6 million sf.

By Brian K. Miller | Updated on March 18, 2008

LAS VEGAS-Harsch Investment Properties has added to its North Las Vegas industrial portfolio with the acquisition of Trident Industrial Park, a 130,000-sf industrial development on 10.6 acres. The Portland, OR-based real estate company paid $16.2 million for the property, which is 97% leased.The acquisition takes Harsch’s north-end portfolio to 600,000 sf and its overall Vegas Valley portfolio to 7.6 million sf. “”We have had our eye on Trident for a while,” says company president Jordan Schnitzer, adding that the development complements its existing business parks in the north-end, which include Cheyenne Commerce Center, Losee Industrial Park and Craig Commerce Center.Located at 2915 Losee Rd and backing up to North Fifth Street, the four-building, 10.61-acre Trident Industrial Park sits near the Cheyenne off ramp from Interstate 15. Tenants include 3D International, CSC Applied Technologies, Corona Furniture, Thatchercraft Cabinets and Century Theaters.”With the planned widening of the North Fifth ‘Super’ arterial to commence by 2010 relieving traffic pressure in the area there will be direct access to the North, making the Cheyenne I-15 Corridor in the path of growth over the next three to five years,” says Harsch regional operations manager John Ramous.

The seller was Trident Industrial Park LLC, the principal of which is Daniel Zau. Al Barbagallo with Grubb & Ellis represented the seller.

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