LAS VEGAS—Dermody Properties, a national industrial development and operating company headquartered in Nevada, recently leased the remaining portion of its latest Las Vegas industrial development, LogistiCenter at Cheyenne, to Priority Wire & Cable, Inc., a premier supplier of wire and cable for wholesale distributors. LogistiCenter at Cheyenne will serve as a distribution center for Priority, which also has distribution centers nationwide and in Canada.

Priority Wire & Cable has leased the remaining 223,000 square feet of LogistiCenter at Cheyenne, a 381,804-square-foot distribution facility occupying 20 acres at 4025 East Cheyenne Ave. in the North Las Vegas submarket. The company currently occupies a 180,000-square-foot distribution center in Las Vegas, and will be moving from their current facility to LogistiCenter at Cheyenne. Priority expects to be fully operational in its new facility by May 2016. The move has already begun and is expected to be seamless to their customers.

Dermody Properties and its joint venture partner, Hillwood Investment Properties (Hillwood) broke ground on LogistiCenter at Cheyenne in May 2015. In July, the companies leased 148,635 square feet of the facility to Southern Enterprises, a home furnishings designer and manufacturer.