Challenge.
P&R Paper Supply Co., a regional supplier of paper products needed to double their footprints in the Las Vegas market. Their lease was soon to expire and the market didn’t have a single availability for their expansion.
Action.
The Larkin Group at NAI Vegas reviewed the current lease and negotiated a short term renewal. The industrial specialists immediately started identifying speculative distribution buildings under construction with delivery dates that would coincide with P&R’s new lease and date.
Results.
An opportunity was identified which satisfied P&R’s timing, size and location. The newly constructed 53,793 square foot building in North Las Vegas even gave P&R the opportunity to customize their office/showroom. Free rent and flexible start dates were negotiated to alleviate some concerns with double rent and relocation costs.
P&R’s growth is due to their perfection of a “big” company experience with “small” company service and comfort. The Larkin Group enjoys working with P&R and strives to offer a similar feel with a “global” network owned and operated “locally.”
"The NAI Vegas Industrial Group identified the perfect facility for our Las Vegas expansion. They found our company big savings during the lease/buy analysis, throughout the lease terms, and even after that within our tenant improvement negotiations. It was a pleasure working with Eric and Mike. We suggest your company take advantage of their groups' services in the early stages of any real estate decision. Thanks guys"
Stefanie Karnes
Operations | P&R Paper Supply Co.
NAI Vegas | Las Vegas Industrial Group
The Larkin Group at NAI Vegas are professional industrial investment advisors with experience in buying, selling, leasing, tenant representation and management in addition to site acquisition, new construction, and property management procurement.