Article submitted by Steve Burks, Small Giants (for VanTrust)
VanTrust Real Estate, LLC (VanTrust), recently completed the sale of Building IV at Tropical Distribution Center in North Las Vegas. The building was acquired by Utah-based data center developer Novva Data Centers, which has already begun work on a 100-megawatt facility that is aiming for a late 2023 opening.
Tropical Distribution Center Building IV is a 246,400 square foot, Class A industrial facility with convenient access to I-15 and 215 via Tropical Parkway. Designed by HPA Architecture and built by Martin-Harris Construction, Building IV is part of VanTrust’s 120-acre Tropical Distribution Center, a 1.6 million square foot, multi-building industrial park in North Las Vegas with national tenants, including Sephora.
“Novva Data Centers is one of the most innovative developers in their industry, and they have been searching for a Southern Nevada location for more than a year, and Tropical IV met all of their demands,” said Jenna Borcherding, VanTrust Real Estate Director of Development. “We’re proud to bring Novva to North Las Vegas and the Tropical Distribution Center.”
Novva Data Centers Founder and CEO Wes Swenson said his company considers the greater Las Vegas region as a critical market for its overall strategy to deliver state-of-the-art facilities with low latency and low operations costs to its clients. He said that his company sought out VanTrust early in the process of seeking Novva’s first Nevada location.
“VanTrust was terrific to work with in customizing the project to our needs. They anticipate the obstacles, and quickly solve any issues that are inevitable in such large projects,” Swenson said. “They worked right through the Covid-related supply chain and labor challenges. Their expertise in Southern Nevada is unparalleled, they saved us considerable time and money to quickly execute our vision, as we had a very compressed timeline.”
VanTrust’s work in North Las Vegas also includes Northgate Distribution Center; which was named Industrial Park of the Year at the 2022 NAIOP of Southern Nevada Spotlight Awards. Northgate is an eight-building, 3.5 million square foot industrial park. VanTrust also recently announced that work will soon begin at Vantage North, which is planned to include more than 4.5 million SF of state-of-the-art distribution facilities.
About VanTrust Real Estate, LLC
VanTrust Real Estate, LLC is a full-service real estate development company. The company acquires and develops real estate assets for the Van Tuyl family portfolio and offers a broad range of real estate services including acquisition, disposition, development, development services, and asset management. Product types include office, industrial, multifamily, retail, institutional, governmental, hospitality, and recreational. VanTrust works nationally with regional offices in Columbus, Dallas, Phoenix, Jacksonville, and Kansas City, Missouri. Access www.vantrustre.com for more information.