"They've shut down some third-party operations out of California and are taking their inventory back into this warehouse so they can take control of their operations," Pancirov tells GlobeSt.com. "There's a little bit more favorable tax structure by having it in-house and by having it in Las Vegas versus California."
The property located at 7600 Eastgate Road is owned by Milgard Windows. Milgard constructed the facility as a trophy manufacturing/distribution facility but is now downsizing to a 10,000 square foot warehouse locally and consolidating its regional manufacturing in Phoenix, according to Pancirov.
The property was primarily listed for sale but given that the bulk of the market activity was on the leasing end, Pancirov says Milgard felt compelled to take the "bird in the hand". The property is likely to be available for sale again next year as a leased-investment, he says.
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