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Harsch Investment Properties Grows Large Las Vegas Portfolio with Patrick Airport Center Acquisition
April 4, 2016

FOR IMMEDIATE RELEASE

Harsch Investment Properties Grows Large Las Vegas Portfolio with Patrick Airport Center Acquisition

Industrial Park Purchase Continues Longtime Harsch Commitment to Las Vegas

LAS VEGAS, NV. – April 4, 2016 Harsch Investment Properties, a Portland-based real estate investment, development and management company, continued its aggressive growth in the Las Vegas area with the purchase of Patrick Airport Center, a 57,838-square-foot industrial property. The business park occupies approximately 4.24 acres of real property located at 2900 East Patrick Lane, on the edge of McCarran International Airport and within close proximity of the Las Vegas Strip and I-215.

“It is wonderful to begin our 21st year operating in Las Vegas with another acquisition,” said Harsch Investment Properties President Jordan Schnitzer. “We continue to grow our 8.5 million-square-foot portfolio, and in addition to this acquisition, have broken ground on a 240,000-square-foot industrial-flex development in Henderson which should be ready for occupancy in winter 2016. This new project should help meet the demands of our 1400 tenants we now serve.”

“The Patrick Airport Center is even more appealing due to its proximity to the airport, strip and area amenities,” added John Ramous, Harsch Senior Vice President and Las Vegas Regional Manager. “It’s great to be able to support more of the local businesses in this vibrant area of Las Vegas. Currently, there are ten commercial tenants at Patrick Airport Center, including a boxing gym, a dog training business, casino gaming supplier, a fire and burglar alarm specialist, an electrical contractor and a print shop.”

Harsch Investment Properties has consistently expanded its Las Vegas holdings. The company now owns and operates over 8 million square feet of industrial and retail properties in the metropolitan area, from popular shopping centers in Henderson to the city’s largest industrial center, Speedway Commerce Center. Harsch has completed nine major industrial acquisitions in the past twelve months, bringing its total companywide portfolio to 23 million square feet of diversified property.

Joe Leavitt and Chris Lexis of Avison Young were the selling brokers for the Patrick Airport Center.

About Harsch Investment Properties

Harsch Investment Properties is a privately-held real estate company that acquires, manages and develops properties for its own portfolio. Founded in 1950, the company owns and operates 23 million square feet of office, multi-tenant industrial, multi-family and retail properties in six western states. Headquartered in Portland, Oregon, Harsch has regional offices in Las Vegas, Seattle, Portland, the San Francisco Bay Area, Sacramento, and San Diego. More information can be found by going to http://www.harsch.com.

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Patrick Airport Center Photo

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CONTACT:

Susanne Orton
Harsch Investment Properties
503.973.0298
susanneo@harsch.com

 


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    Susanne Orton
    Vice President of Marketing & Communications
    (503) 973-0298
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