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National  + Nevada  + Industrial  |  May 26, 2020
Dennis Kaiser
By: Dennis Kaiser

Lincoln Property Co. Enters Nevada Market with Industrial Portfolio Buy

Lincoln Property Company (LPC) purchased Hughes Airport Center, its first-ever asset in Nevada. The industrial portfolio totals 425,752 square feet and six buildings within the desirable Las Vegas airport submarket. The deal value was undisclosed.

LPC’s David Krumwiede says, “The fundamentals that attracted us to Hughes Airport Center are the same that are driving our regional expansion strategy.”

The portfolio is located at 890 and 950 Pilot Rd.; 111, 1151 and 1181 Grier Dr.; and 6700 Paradise Rd., within the Las Vegas infill Airport submarket. The 98%-occupied property is in one of the most supply-restricted submarkets in Las Vegas. It is part of the larger 3.3-million-square-foot Hughes Airport Center master-planned business park, which includes office and industrial product across 420 acres.

LPC’s John Orsak said, “Between its diverse occupancy, location and quality, the Hughes Airport asset fits perfectly within our existing portfolio.”

CBRE’s Darla Longo and Barbara Emmons represented the unnamed seller. CBRE’s Kevin Higgins is the exclusive leasing broker.

For comments, questions or concerns, please contact Dennis Kaiser

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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.
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