NAI Vegas Facilitates Sale of 135-Acre Job Creation Zone

NAI Vegas is pleased to announce the sale of the 135-acre, Job Creation Zone (“JCZ”) project site in North Las Vegas, located along the 215 Beltway and North Pecos Road. The project site sold for $36.85 million.

Bryan Houser of NAI Vegas worked with both the buyer, the Pacific Group, and the seller, the City of North Las Vegas, to facilitate the sale.

The JCZ Project will be completed in phases over the next 10 years and is anticipated to include over 2 million square feet of tech, research, and medical office space; over 500,000 square feet of retail and restaurant space; over 700 hospital and medical beds, and approximately 250 hotel rooms.

The Pacific Group was awarded the master developer role of the project after a thorough selection and review process by the city of North Las Vegas.

“Given their experience and success with large, master plan developments, I knew the Pacific Group would be a great fit for this project,” stated Houser. “They put together a comprehensive plan that really showed their expertise, vision, and commitment to the project.”

Bryan Houser

Bryan specializes in the representation of landlords and tenants in the leasing, acquisition, and disposition of Industrial and Office properties throughout Southern Nevada and the Southwestern U.S. He recently completed the NAIOP Developing Leaders program and attributes much of his success to his “client first” focus; ensuring that his clients’ needs are placed above all others and the outcomes are in their best interest. “I get satisfaction from providing a smooth successful transaction for my Landlord, Tenant and Investment clients, and in knowing they are satisfied with the outcome of the deal.”

About NAI Vegas and NAI Excel

NAI Excel and NAI Vegas are leading providers of Commercial Real Estate Services in the West. Operating as NAI Vegas in Nevada, and NAI Excel in Utah and Idaho, we are part of the NAI Global network covering nearly every major market nationally and across the globe. Serving both urban and rural markets, we leverage our resources to help you excel in your real estate goals. When you work with one of our team, you get the benefit of working with all of us.