North Las Vegas, Nev., April 29, 2022—Schnitzer Properties has announced the acquisition of Westland Center in North Las Vegas, Nevada. The Portland-based developer acquired the 95,213 square foot property, located within the prime Las Vegas suburb, with excellent access to Interstate 15.
Westland Center is made up of six buildings with 43 light industrial and retail units positioned on 9.7 acres in the North Las Vegas submarket, ideally located near Interstate 15, at the intersection of East Craig Road and North Pecos Road, with good proximity to Interstate 215.
“We have a deep commitment to the Las Vegas Valley, with nearly 40 properties owned and operated in that market,” said Jordan Schnitzer, President of Schnitzer Properties, “we continue to want to grow the region and are delighted by the acquisition of Westland Center.”
“The acquisition of Westland Center was a unique opportunity for Schnitzer Properties to add another high quality project to meet the space needs of small businesses within the City of North Las Vegas, ” said Reed Gottesman, Senior Vice President and Las Vegas Regional Manager of Schnitzer Properties.
Las Vegas is booming in business and population, primed for further growth and expansion, with an expected population growth of 35,000 people per year over the next several years—making it one of the fastest growing cities in Nevada.
Schnitzer Properties has owned and operated property in the greater Las Vegas metropolitan area since 1994.
About Schnitzer Properties
Schnitzer Properties is a privately-owned real estate company that acquires, manages and develops properties for its own portfolio. The company owns and operates 28 million square feet of office, multitenant industrial, multi-family and retail properties in six western states. Headquartered in Portland, Oregon, Schnitzer Properties has regional offices in Portland, Seattle, the San Francisco Bay Area, Sacramento, Las Vegas, and San Diego.