“The success of our business is driven by our ability to quickly deliver our products to our customers,” said Gary Horowitz, chief financial officer for Southern Enterprises. “Strategically, Nevada, and more specifically a Las Vegas location, helps us reach that objective for our West Coast consumers. Dermody Properties really listened to what we wanted to achieve and we could not be happier with the outcome.”

The logistics center is in close proximity to FedEx and UPS and is located two miles east of Interstate 15. The facility's location in the North Las Vegas submarket will enable Southern Enterprises to reach nearly all of its customers within one or two business days.

“We are excited to welcome Southern Enterprises to LogistiCenter at Cheyenne and to Nevada,” said George Condon, partner, Dermody Properties west region office. “Delivery times are becoming increasingly crucial for many businesses. We know that Nevada is one of the best places for companies that need to reach their customers quickly, and we believe that LogistiCenter at Cheyenne will help them do so cost effectively and efficiently.”

Hillwood is Dermody's strategic financial partner on LogistiCenterSM at Cheyenne.

“We are very excited to have LogistiCenterSM at Cheyenne be selected by Southern Enterprises for their expansion into the Las Vegas market and to serve their western US customer base,” said Chris Brown, senior vice president, Hillwood. “The leasing activity for this project continues to remain strong and we are hopeful the building will be fully leased shortly.”

West region development director Brendan Egan managed the project for Dermody Properties, and Nevada-based United Construction Company is the general contractor on the project. Colliers International Las Vegas vice president Susan Borst and EVP Dan Doherty represented Dermody in the lease, and Paul Chaffee, Will Chaffee and Mark Miller of NAI Global represented Southern Enterprises.

Dermody Properties is a privately held, industrial real estate development company. Founded and headquartered in Reno, the company has a national development reach, served by its regional offices in Chicago, Northern New Jersey, Phoenix, and Seattle. Southern Enterprises is a privately-owned distributor of quality, solutions-based home furnishings and décor with nearly four decades of experience. Hillwood Investment Properties, a Perot company, is one of the world's premier commercial real estate developers, investors and advisors of high-quality real estate properties that provide a significant economic impact to their region. Serving 20 markets in the U.S., Canada, Germany and Poland, the company is actively involved in development, acquisitions, construction, leasing and management of high quality, well located, flexible and functional industrial properties.