DIV Industrial Acquires 94 Acres for 1.7-MSF LEED Licensed Industrial Logistics Complicated Growth
IRVINE, Calif. and LAS VEGAS – January 10, 2023 – DIV Industrial, a newly shaped institutional-level investor and developer of commercial actual property, in the present day introduced the acquisition of 94.04 acres of land inside the Las Vegas industrial market, within the El Dorado Valley particularly, for the event of El Dorado Valley Logistics Middle, a brand new 1.7-million-square-foot Class A industrial complicated. At completion, the cutting-edge, fashionable facility shall be LEED licensed and set up a brand new distribution location within the Western U.S., offering an alternate and environment friendly connection level between key regional logistics hubs.
The acquisition kicks off the primary important growth venture for DIV Industrial, which was established in late summer season 2022 by actual property veterans Nicholas Ilagan and Jessica Quesada. As a minority- and woman-owned agency, DIV focuses on prioritizing range, fairness and inclusion (DEI) initiatives and implementing accountable environmental, social and governance (ESG) practices inside its trade. With an institutional funding method, the boutique agency targets new growth and funding alternatives in choose markets within the Western and Southwestern U.S. DIV is actively elevating capital for its first fund, which can enable for greater than $2 billion of commercial growth and entitlement initiatives all through the Western U.S.
“Accountability to individuals and the planet is on the forefront of our method. We created DIV Industrial with the intention of shaking issues up inside the industrial actual property trade whereas working according to our rules. El Dorado Valley Logistics Middle shall be a large LEED-certified growth in an advantageous new location. The venture exemplifies what our workforce is seeking to obtain,” stated Ilagan, DIV Industrial’s co-founder and managing accomplice. “Whereas DIV goals to show heads, we’re constructing for the betterment of the setting, our trade and its individuals. We’re excited to formally announce the launch of our agency and get to work constructing one thing exceptional.”
El Dorado Valley Logistics Middle will function the best effectivity constructing specs within the trade whereas additionally offering best-in-class specs equivalent to 42-foot clear top, tremendous flat flooring and an ESFR sprinkler system. The event will comprise of two buildings ranging in dimension from 600,000 sq. toes to at least one million sq. toes.
The Alderson Tassi Crew, led by Donna Alderson and Greg Tassi, of Cushman and Wakefield, represented DIV within the transaction. DIV acquired the venture’s land website in an unimproved situation with entitlements in course of. Mission groundbreaking is anticipated in summer season 2023.
“We’re extraordinarily proud to share the launch of DIV Industrial, which is constructed on the pillars of all the things we stand for as people, and supported by our mixed trade expertise, honed skillsets, and robust community of educated trade professionals who’re championing us as we advance into this subsequent chapter,” stated Quesada. “We consider wholeheartedly in our mission, which is to reframe and redefine how individuals work together in our trade, one handshake at a time. By bringing a various background and a recent perspective to the trade, we’re dedicated to creating change and implementing efficient DEI and ESG initiatives that depart a long-lasting impression.”
El Dorado Valley Logistics Middle’s venture website was just lately annexed into the Metropolis of Henderson, which affords a largely underutilized robust labor pool for future distribution and logistics-focused tenants, in comparison with different components of the Las Vegas space. The event shall be one of many largest ever in Henderson’s historical past.
Positioned on the cross-section of Freeway 95 and Roger Ray Highway, El Dorado Valley Logistics Middle’s place in southeast Las Vegas supplies environment friendly entry to the whole Las Vegas Valley through its proximity to the I-11, I-215 and I-15 freeways. It additionally supplies a number of different routes for vans touring from California’s port markets seeking to bypass visitors on the I-15 freeway through Freeway 95.
The Las Vegas metropolitan statistical space (MSA) is a crucial logistics hub east of Southern California’s port markets, servicing roughly 20% of the U.S. inhabitants inside a day’s drive. But, giant land acquisition alternatives for brand new growth have turn into uncommon as a result of land constraints from the U.S. Bureau of Land Administration.
“Demand for extra logistics warehouse house continues, and DIV Industrial is worked up for the chance to construct a much-needed state-of-the-art facility,” added Ilagan. “Our capacity to carry out and execute on a venture of this scale is made potential by the large assist we now have from our companions and friends—the numerous longstanding trade relationships that our workforce has solid over time. We’re so grateful for his or her belief and assist.”
DIV’s growth companions embrace HPA Structure and civil engineer Kimley-Horn.
ABOUT DIV INDUSTRIAL
DIV Industrial is an Irvine, Calif.-based investor and developer of institutional-level industrial actual property. Based in 2022 by trade veterans Nicholas Ilagan and Jessica Quesada, the agency brings an modern method and artistic options to the commercial sector by the prioritization of DEI and ESG practices. DIV targets new growth by the acquisition of opportunistic land alternatives in choose markets within the Western and Southwestern U.S. The agency is actively elevating capital for its first fund, which can enable for greater than $2 billion of commercial growth and entitlement initiatives all through the Western U.S. Led by the relentless pursuit of high quality with precision, DIV is dedicated to reframing and redefining the commercial actual property trade one handshake at a time. Study extra about DIV Industrial at www.DIVindustrial.co. Observe us on LinkedIn.
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