Footwear company Crocs’ lease to occupy about 70% of the first industrial property developed at a logistics center in North Vegas, Nevada, marked the largest industrial lease signing in the Las Vegas area last year.
The deal followed Denver-based Crocs’ acquisition of HeyDude, a privately owned casual shoe brand. HeyDude will occupy the space, at 11515 N. Donald Lee Adams Way, with plans to use it as a distribution facility. Construction is expected to wrap up in the third quarter.
The lease earned a 2023 CoStar Impact Award, as judged by real estate professionals familiar with the market.
About the project: North Vegas Logistics Center is a two-building industrial campus that will total 1.32 million square feet when completed this year. Building 1 is currently under construction off Interstate 15, about 26 miles north of Las Vegas, and is being developed by NorthPoint Development based in Kansas City, Missouri.
What the judges said: “It’s significant for behemoth HeyDude to occupy space in [North Vegas], which will result in not only construction employment and dollars but permanent job growth in our burgeoning diversification outside resort and entertainment,” said Pamela Junge, president of The Junge Group.
They made it happen: Jerry Doty, Chris Lane, Paul Sweetland and Daniel Doherty of Colliers represented NorthPoint. Blake Porter, asset manager for NorthPoint, was also key to the deal.