Lincoln Property Delivers 1.6 MSF Las Vegas Industrial Development
This marks the company’s first ground-up project in Nevada.
Lincoln Property Company has delivered Windsor Commerce Park, an industrial development the company has been planning since 2022, when it bought the site for $22 million, as previously reported. This represents Lincoln’s first-ever ground-up industrial project in Nevada.
The 1.6 million-square-foot industrial campus was built upon an 86-acre lot between Carey Ave. and Simmons St. The campus includes eight Class A industrial buildings with square footage ranging from 49,920 square feet to 397,440 square feet. Each building is fit with rear loading and cross-docks, 4,000 amps power, 36-foot clear heights and move-in ready office suites.
Construction on the project, which is already approximately 50 percent leased, started in April 2023. A year after construction began, the company announced it had signed two preleasing agreements totaling 561,742 square feet. CBRE arranged the agreement, under which the largest building in the development, Building G, was leased to a major HVAC supplier, and Building A was 55 percent leased to a global e-commerce shipping company. Available space at Windsor Commerce Park supports leases ranging from 25,000 to 815,680 square feet.
Gary Kobus, senior managing director at Lincoln, shared that the tenant roster is building fast as the property can withstand a wide range of users. CBRE’s Kevin Higgins, Garrett Toft, Jake Higgins and Kelsey Higgins are the property’s leasing agents. R&O Construction acted as the general contractor on the project, with Lee & Sakahara as architect.
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When Windsor Commerce Park was originally announced, the 1.6 million-square-foot campus was adding to Lincoln’s 4.5 million square feet of industrial properties owned and managed within the state of Nevada. As of July, the company acquired Gatski Commercial and added another 13 million square feet to its footprint.
The industrial park can be found at 2550 Simmons St. in North Las Vegas, adjacent to the North Las Vegas Airport. The location is in proximity to road networks such as Interstate 15 and Interstate 515. Downtown Las Vegas is under 5 miles away, and Harry Reid International Airport is just over 10 miles from the industrial park.
Las Vegas demands industrial
The industrial market in Nevada, especially in the Las Vegas area, has seen a strong and steady demand. In a recent report from CBRE, the commercial real estate investment company shared that the second quarter of 2025 was the metro’s 50th consecutive quarter of positive absorption. Approximately 1.5 million square feet were absorbed during the first half of the year, the report noted, while the new supply pushed the vacancy rate to 9.9 percent. However, projects currently under construction are down 65 percent year-over-year.
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