Lincoln Property Company Expands into Las Vegas
The Desert West Region office of Lincoln Property Company is expanding into the Las Vegas commercial real estate market.
Based in Phoenix, the regional office also serves metropolitan areas in Arizona, Utah and New Mexico.
“Lincoln Property Company has a presence in more than 200 municipalities in the United States, and is focusing on expanding our presence in the Las Vegas market with institutional property management, acquisitions, development and construction management,” said David Krumwiede, Executive Vice President, Lincoln Property Desert West Region.
“We believe that now is an opportune time to enter the Las Vegas market as it’s showing signs of steady growth.”
Lincoln Property Company was recently awarded an assignment in Las Vegas: the property management contract for a 273,301 SF office/industrial complex, Bigfoot Business Park.
Bigfoot Business Park is at 6235-6375 S. Pecos Rd., conveniently situated less than three miles from McCarran Airport in Las Vegas.
The property consists of seven buildings total and is owned by Hong Kong-based Bigfoot Properties, Inc. Bigfoot Properties, a subsidiary of Bigfoot Entertainment, is a property investment company with a broad international portfolio across Asia and North America.
Their investments, which cover a variety of sectors in the real estate market, have included the development, acquisition and repositioning of prime residential, commercial and hotel properties.
“Lincoln Property Company is growing our business with this client across the country,” said Alisa Timm, CPM, Director of Management Services, Lincoln Property Desert West Region.
“We often find that national LPC clients like Bigfoot Properties validate our expertise on projects in other markets, and call on us again when they have commercial real estate needs in new markets.”
“As a Lincoln Property Company client in other metropolitan areas, we appreciate Lincoln’s eye toward ownership. They treat their client’s properties like they would their own, and have the capability to successfully manage this property to our high standards,” said Alan Krinzman, Principal, Bigfoot Properties, Inc.
Bigfoot Business Park is currently occupied by 153 tenants including United Blood Services, Sweet Tours, DAL Global, HS Brands International, The Tungland Company, Professional Fitness Institute, Health Profile Institute and the International Academy of Film & Television. The property features a full time on-site management office, covered parking and four move-in ready suites.