North Las Vegas —VanTrust Real Estate, LLC., currently developing the 108-acre industrial Northgate Distribution Center in North Las Vegas, announced today that Fanatics, the global leader for officially licensed sports merchandise and a top-50 internet retail company, signed a lease for 400K SF of state-of the-art distribution space. Phase One of the two million square foot, six-building industrial park includes the largest speculative industrial building ever constructed in Southern Nevada. VanTrust is one of the most active industrial developers in Southern Nevada.
According to Keith Earnest, Executive Vice President of VanTrust Real Estate, “VanTrust is incredibly excited to announce Fanatics as our first major tenant at the Northgate Distribution Center. Fanatics is one of the most recognizable names in sports merchandising. Their presence in the North Las Vegas market further validates this region as an emerging e-commerce destination.”
“Fanatics is excited to open our latest state-of-the-art fulfillment center in North Las Vegas and fully integrate ourselves in the community, while also creating an abundance of job opportunities for many years to come,” said Lonnie Phillips, Senior Vice President of Operations for Fanatics. “As Fanatics continues to grow, our strategic distribution system also needs to evolve so we conducted a very comprehensive search for the ideal location and we believe North Las Vegas is exactly the area we need to be in to better serve our customers with faster delivery to the West coast and Northwest.”
Kevin Higgins, Executive Vice President of CBRE represented VanTrust in the transaction and Dan Doherty, Executive Vice President of Colliers International represented the tenant.
North Las Vegas Mayor John Lee said, “Fanatics knows what more and more companies across the world are learning—that North Las Vegas is the best city in the country for doing business.”
“Fanatics will create almost 200 jobs for our hard-working residents and will pump hundreds of millions of dollars into the Southern Nevada region. If anyone doubts that North Las Vegas has reinvented itself, this is proof positive that our turnaround town is doing business with the world.”
Martin Harris Contracting, Las Vegas, is the general contractor for the first phase of the project. HPA Architecture, Irvine, CA., designed the 36-foot clear height, concrete tilt building that will function as a high-cube distribution center with four levels of walkable racks.
The building product is highly convertible, and the property features high parking ratios and a semi-trailer storage area. Construction on the first phase of the project will be complete in October. Phase two will begin in August and will add an additional 600,000 square feet to the project.
VanTrust is committed to the Las Vegas market and is continuing to seek additional acquisition and development opportunities.
About VanTrust Real Estate LLC:
VanTrust Real Estate, LLC. is a full-service real estate development company with a regional focus and national scope. Van Trust is headquartered in Kansas City, MO. with regional offices in Columbus, OH., Jacksonville, FL., Dallas, Houston and Phoenix. The company creates real estate assets for internal portfolio holdings as well as disposition opportunities. Van Trust offers a full spectrum of real estate services including acquisition, development, asset management and construction management. Product types include office, industrial, multifamily, retail, institutional, government, hospitality and recreational. Access www.vantrustre.com for more information.
Fanatics is the global leader for officially licensed sports merchandise. As a Top 50 Internet Retailer Company, Fanatics comprises the broadest online assortment by offering hundreds of thousands of officially licensed items via its Fanatics, FansEdge and Kitbag brands, as well as the largest selection of sports collectibles and memorabilia through Fanatics Authentic. A multi-channel company, Fanatics operates more than 300 online and offline stores, including the e-commerce business for all major professional sports leagues (NFL, MLB, NBA, NHL, NASCAR, MLS, PGA), major media brands (NBC Sports, CBS Sports, FOX Sports) and more than 200 collegiate and professional team properties, which include several of the biggest global soccer clubs (Manchester United, Real Madrid, Chelsea, Manchester City). The company’s in-venue and event retail portfolio includes the NBA, NHL, MLB, NASCAR, Kentucky Derby, The Ryder Cup, Manchester City, Texas Longhorns, Pittsburgh Pirates and New Jersey Devils among others, allowing fans to experience a seamless shopping experience across online, mobile and physical store locations.