Industrial – NAI Excel Commercial Real Estate

NAI Global Ranked a Top 5 Brand

NAI — Tue, 09 Mar 2021 15:53:52 +0000

NAI Global Continues to be Ranked in the Top 5 in Lipsey’s 2021 Top 25 Brand Survey

New York City, NY – February 25, 2021: NAI Global, a leading, global commercial real estate firm, earned a top-five spot in the 2021 Lipsey Survey of Top 25 Commercial Real Estate Brands. This is the sixth year in a row that NAI Global ranked within the top 5.

The survey was conducted among 100,000 commercial real estate professionals using a combination of ballot voting, phone interviews and focus groups to identify the top global brands. NAI Excel and NAI Vegas are Offices of NAI Global.

“We are proud that the strength of NAI Global is reflected in the results of this year’s Lipsey survey,” said Jay Olshonsky, President & CEO, NAI Global. “Our continued success is built on the strength and commitment of our 6,000+ professionals, who are local market-leaders collectively achieving extraordinary results for their clients through the power of NAI Global.”

The survey is conducted by The Lipsey Company, a leading training and consulting firm specializing in the commercial real estate industry to equip organizations and their practitioners with the skills necessary to succeed in today’s competitive environment. The 2021 survey results can be found by clicking here.

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.

About NAI Global

NAI Global is a leading global commercial real estate brokerage firm. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 375 offices strategically located throughout North America, Latin America and the Caribbean, Europe, Africa and Asia Pacific, with 6,000 local market professionals, managing in excess of 1.15 billion square feet of property and facilities. Annually, NAI Global completes in excess of $20 billion in commercial real estate transactions throughout the world.

NAI Global provides a complete range of corporate and institutional real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain and logistics consulting and related advisory services. To learn more, visit http://www.naiglobal.com

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NAI Excel & NAI Vegas Publish 2021 Outlook

NAI — Mon, 08 Feb 2021 18:41:32 +0000

NAI Excel and NAI Vegas provide a detailed analysis of the Las Vegas, Southern Utah, and Wasatch Front commercial real estate markets in their 2021 Outlook. It explores the most important commercial real estate trends in these regions, including vacancy, lease rates, and construction data for office, retail, industrial, and multi-family. This publication showcases NAI Excel and NAI Vegas’ continuous investment in the highest quality research and is distributed to over 100,000 real estate decision makers.

The health pandemic triggered population shifts, and advanced monetary policy as well as fiscal stimulus that drove real estate prices and led to market bifurcations.

The historically predominant migration dynamics from rural to urban reversed. People moved from larger cities to less regulated and less densely populated areas; from New York City, San Francisco, and Los Angles to the areas surrounding Las Vegas, Salt Lake City, and St. George. Expansionary monetary policy lowered interest rates, leading to increases in purchasing power. The federal government injected $3.5 trillion into the economy.

Reactions to the pandemic drove asset prices. Jon Walter, COO of NAI Excel and NAI Vegas outlines that “while inflation of consumer goods remains low, asset price inflation for investments such as stocks, real estate, machinery, and equipment have risen faster. He advises that investors considering the timing of cash deployment should consider inflation and deflation of both consumer goods and asset prices”.

These external factors created winners and losers. Big Tech continued to be successful and is constructing data and fulfillment centers from Las Vegas to Salt Lake City. On the other hand, hospitality and brick and mortar retail were hit hard. Jon Walter explains that “investors are more bullish on industrial and multifamily, and softer on retail and office in the near term. However, there are no clear lines to demise 2020; each city, asset class, business owner, investor, and individual experienced a different economic outcome”. NAI Excel and NAI Vegas look forward to assisting you in commercial real estate as you are making decisions in 2021.

Download 2021 Market Report

About NAI Vegas and NAI Excel

NAI Vegas and NAI Excel are leading providers of commercial real estate services in the West and members of NAI Global. With 375 offices and 6,000 local market professionals, NAI Global manages in excess of 1.5 billion square feet of property and facilities, and completes in excess of $20 billion in commercial real estate transactions throughout the world.

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NAI Vegas Works Globally

NAI — Mon, 02 Nov 2020 19:23:07 +0000

PIMA – 140 Cassia Way

NAI Vegas advised a regional expansion in Las Vegas and Phoenix, totaling 113,993 SF for $3,784,000. The Larkin Industrial Group leveraged the NAI Global platform through NAI Horizon in Phoenix. They identified opportunities in both commercial real estate markets and served as a single contact point. President Rick McPherson, at Pima Door & Supply Inc., was familiar with the Larkin Industrial Group through successful work in Las Vegas. “We worked with NAI Vegas regionally for our Phoenix expansion. The Larkin Industrial Group leveraged their relationships and a national platform, proving to be a valuable single source for all of Pima’s commercial real estate needs.”

Eric J Larkin, CCIM | Office Industrial Partner

Mr. Larkin joined NAI Vegas in 2013 with 7 years of experience coming from a regional brokerage firm specializing in representing institution landlords, REITs, insurance companies, lenders, receivers, and developers. Mr. Larkin’s extensive knowledge and understanding of investment analysis, property valuations, and lease negotiations has resulted in the completion of over 100 million dollars in transactions including leases, REO and distressed debt sales, trustee sales, and short sales.

License #: BS.0073906

Michael Kenny | Senior Vice President

Michael has worked at NAI since 2015 specializing in the sale and leasing of industrial properties with a primary focus on tenant representation. During this time at NAI, he has been honored as Rookie of the Year and has been recognized as a consistent Top Producer. Over the past several years, along with his partner Eric Larkin, has been responsible for negotiating over 185,000,000 in commercial real estate transactions totaling several million square feet.

License #: S.0178188

Erik Sexton | Senior Vice President

Erik Sexton joined NAI Vegas in 2017 as a Senior Vice President and Industrial Specialist. He has more than 14 years experience in the leasing and sales of industrial and office spaces. During his real estate career, Mr. Sexton has represented a diverse segment of location and national companies that include Genesis Gaming, SME Steel, Ice Now, High Impact Signs, Next Century Rebar, JAMO Performance Exhaust, Chicago Exhibit Productions, Coca Cola, and 99 Cent Stores Only. As a licensed agent, he has brokered more than 1.8 million square feet of commercial space totaling more than $179 million.

License #: S.0067183.PLLC

Leslie Houston | Sales Associate

Leslie Houston joined NAI in 2018 after seven years of experience with a third party commercial real estate database, formerly known as one of the Top 2 commercial real estate information providers. Leslie came to Vegas with an extensive real estate network from coast to coast. She possesses a very unique subset of skills which includes all property types, all listing types, analytics, and research.

License #: S.0187921

About NAI Vegas

NAI Vegas is the local representative of NAI Global, the premier international real estate services organization, with over 400 offices in over 55 countries. Founded in 1988, NAI Vegas has proven itself to be the leading real estate brokerage in Las Vegas. Principals of NAI Vegas have been involved in investment and commercial real estate in Las Vegas since 1972 and have brokered, developed over $5 billion in transactions consisting of multifamily units, retail centers, office buildings and land. Our strength is international and our passion and focus is local.

Industrial Property in Las Vegas

NAI — Fri, 30 Oct 2020 22:45:23 +0000

INDUSTRIAL PROPERTY 9.04 ACRES – LAS VEGAS PRESS RELEASE

NAI Vegas represented the seller of a 45,659 SF industrial property on 9.04 acres for $6,143,500 in North Las Vegas. Seller Mike Brown, of Vernalis Partners, said this about working with The Larkin Industrial Group at NAI Vegas. “Thanks to NAI’s targeted efforts, we listed and sold a vacant manufacturing building at maximum value in the middle of the pandemic. Despite the difficulties created by the pandemic, the industrial team worked hard to find a buyer and guide the transaction through a challenging negotiation.” The former masonry block unit manufacturing facility was purchased by Colvin Construction company for eventual occupancy after rehabilitation of the structures and site.

Challenge.

Vernalis Partners, a regional investment outfit, had a vacant concrete block manufacturing unit. Prior to the manufacturer’s business model shift, it was a stable cash flowing investment. Vernalis needed to sell and redeploy the capital, or backfill the property.

Action.

The Larkin Industrial Group assessed the site and structure as the tenant vacated preparing for the vacancy. It was listed for sale or lease. The uniqueness and condition of the property inspired a targeted marketing campaign starting with similar manufacturing companies, bulk commodities transportation, construction, and building materials.

Results.

A local construction company that had recently purchased a building materials unit was identified. A transaction was negotiated and closed with minimal vacancy loss for the seller and opportunity for a 1031 exchange and future cash flow.

Click here to view and/or download additional property stats

Eric J Larkin, CCIM | Office Industrial Partner

License #: BS.0073906

Michael Kenny | Vice President

License #: S.0178188

Leslie Houston | Sales Associate

License #: S.0187921

Erik Sexton | Senior Vice President

License #: S.0067183.PLLC

Plus Studios Relocates in Henderson

NAI — Thu, 20 Aug 2020 15:24:39 +0000

LEASED.

The Larkin Industrial Group at NAI Vegas closed a 66,700 SF, $2,885,500 transaction. Plus Studios, the NAI client, leased half of a Link Industrial Properties building in Henderson, NV. The company relocation met all of the requirements, and NAI’s performance exceeded expectations.

“Our company faced a significant real estate challenge. Improve public-facing office space and image, increase safety and amenities for its workforce, and reduce costs all topped a long list. Mike and Leslie at NAI delivered on all fronts.” Matthew Naert, Founder of Plus Studios.

Eric J Larkin, CCIM | Office Industrial Partner

License #: BS.0073906

Michael Kenny | Vice President

Michael has worked at NAI since 2015 specializing in the sale and leasing of industrial properties with a primary focus on tenant representation. During this time at NAI, he has been honored as Rookie of the Year and has been recognized a consistent Top Producer. Over the past several years, along with his partner Eric Larkin, has been responsible for negotiating over 185,000,000 in commercial real estate transactions totaling several million square feet.

License #: S.0178188

Leslie Houston | Sales Associate

License #: S.0187921

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Weisser Distribution Expands its Regional Distribution Center

NAI — Thu, 20 Aug 2020 15:21:13 +0000

LEASED.

Weisser Distribution expands its regional distribution center into 105,820 SF with a $3,600,000 estimated transaction lead by Larkin Industrial Group at NAI Vegas. The family-owned e-commerce company saw the opportunity to deliver high-quality products and services to customers across the entire USA.

The core values, upon which the company was founded, needed to lead their expansion. Weisser leveraged the NAI Global network to “Put People First,” one of Weisser’s core values. Proximity to amenities, employee commutes, hotel accommodations, and entertainment were a priority during a distribution center expansion.

A new regional distribution center, conducive to propelling the founding values of the company, was secured with NAI’s guidance. Recruitment, retention, and a “People First” approach was executed.

“NAI took the time to understand our company, our needs, and our vision. They executed a strategy which kept our founding values top of mind” Said, Eric Weisser, Senior Vice President.

Eric J Larkin, CCIM | Office Industrial Partner

Michael Kenny | Vice President

Michael has worked at NAI since 2015 specializing in the sale and leasing of industrial properties with a primary focus on tenant representation. During this time at NAI, he has been honored as Rookie of the Year and has been recognized a consistent Top Producer. Over the past several years, along with his partner Eric Larkin, has been responsible for negotiating over 185,000,000 in commercial real estate transactions totaling several million square feet.

License #: S.0178188

Leslie Houston | Sales Associate

License #: S.0187921

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Golden Star Inc. Relocates in Las Vegas

NAI — Thu, 20 Aug 2020 15:17:26 +0000

LEASED.

Golden Star speaks about working with The Larkin Industrial Group.

“Mike and Leslie were a huge help during our Las Vegas relocation. Their market analysis and detailed advice were invaluable. Ultimately, early-stage engagement with NAI allowed Golden Star to secure a newly constructed facility with office space and racking configuration built to suit our needs.”

NAI Vegas directed the 40,222 SF, $1,550,000, industrial property relocation. Golden Star Inc., a manufacturer of professional cleaning tools, has a clean surface at 3702 N. Las Vegas Blvd., Las Vegas, NV 89115.

Eric J Larkin, CCIM | Office Industrial Partner

License #: BS.0073906

Michael Kenny | Vice President

Michael has worked at NAI since 2015 specializing in the sale and leasing of industrial properties with a primary focus on tenant representation. During this time at NAI, he has been honored as Rookie of the Year and has been recognized a consistent Top Producer. Over the past several years, along with his partner Eric Larkin, has been responsible for negotiating over 185,000,000 in commercial real estate transactions totaling several million square feet.

License #: S.0178188

Leslie Houston | Sales Associate

License #: S.0187921

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Karman Inc. Leases New Space

NAI — Thu, 20 Aug 2020 15:14:40 +0000

LEASED.

NAI Vegas directed a 37,500 SF, $1,450,000, industrial property expansion during COVID-19 uncertainty.

Karman Inc., a wholesale manufacturer of fine western apparel and boots, said this about The Larkin Industrial Group, who handled the transaction on behalf of the tenant.

“NAI Vegas lead our western distribution facility expansion through the rapidly changing business environment of the pandemic. Negotiations, terms, and timelines kept changing beyond control. Mike and Leslie kept focused and finalized a transaction beneficial to all parties.” Scott Slavik, Vice President of Distribution.

Karman’s new location is 4825 E Cheyenne Ave. Las Vegas, NV 89115.

Eric J Larkin, CCIM | Office Industrial Partner

License #: BS.0073906

Michael Kenny | Vice President

Michael has worked at NAI since 2015 specializing in the sale and leasing of industrial properties with a primary focus on tenant representation. During this time at NAI, he has been honored as Rookie of the Year and has been recognized a consistent Top Producer. Over the past several years, along with his partner Eric Larkin, has been responsible for negotiating over 185,000,000 in commercial real estate transactions totaling several million square feet.

License #: S.0178188

Leslie Houston | Sales Associate

License #: S.0187921

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Our Team

Southern Enterprise Leases New Commercial Space

NAI — Wed, 24 Jun 2020 16:42:19 +0000

LEASED.

We have uncovered opportunities, found significant savings, and continue to mitigate risk by leveraging their network of CRE professionals around the country.” Said Jerry Kegley of Southern Enterprises, a family-owned and operated, solution-based, furniture company with world-class, strategically placed, fulfillment facilities throughout the US ensuring same day shipment. Recently, The Larkin Industrial Group at NAI Vegas successfully subleased a 66,000 SF distribution facility at 4025 E Cheyenne Ave. for a national tenant, Southern Enterprises, Inc.

The deal, estimated at $500,000 in total transaction volume, brought Southern Enterprises a local moving and storage company on a short-term basis. NAI Vegas ensured SEI space for future expansion while mitigating the risk of underutilized warehouse space.

Michael Kenny | Vice President

Michael has worked at NAI since 2015 specializing in the sale and leasing of industrial properties with a primary focus on tenant representation. During this time at NAI, he has been honored as Rookie of the Year and has been recognized a consistent Top Producer. Over the past several years, along with his partner Eric Larkin, has been responsible for negotiating over 185,000,000 in commercial real estate transactions totaling several million square feet.

License #: S.0178188

Leslie Houston | Sales Associate

License #: S.0187921

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Imatrex Medical Solutions has Expanded its Headquarters

NAI — Tue, 23 Jun 2020 17:13:24 +0000

NEW LOCATION.

Imatrex Medical Solutions has expanded its headquarters into an 18,290 SF sublease with the assistance of Leslie Houston with The Larkin Group at NAI Vegas. The approximately $1,370,000 transaction backfilled a nearly turn-key, underutilized unit occupied by a financial services company. Imatrex, a medical technology company with expertise in diagnostic and treatment capabilities, aims to bring imaging and cancer treatment to the underserved world from the Las Vegas HQ. NAI considered the office sublease opportunity while coordinating the company’s R&D space and warehousing operations. Ultimately the deal was done with little operational disruption and under terms which will accommodate future growth and consolidation.

“Imatrex needed headquarters to showcase its products and mission – bring superior diagnostic and treatment capabilities to the world. NAI delivered a unit with a fitting image and terms conducive to rapid growth.” Said Gary Vecchiarelli, CFO.

Eric J Larkin, CCIM | Office Industrial Partner

License #: BS.0073906

Leslie Houston | Sales Associate

License #: S.0187921

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