SunGrow Business Park – Phase 1

  • SunGrow-SITE-NW
  • ELEV-1-R
  • ELEV-4-R
  • ELEV-6-R

Project Category: Substantial Improvement Property

  • Summary

    New Construction 1.5M SF Industrial Technology Park in Central Las Vegas. SunGrow is an 86-acre Sustainable Industrial-Technology Park, Promoting lease space for Business Park Industrial, Commercial, Educational and CEA (Controlled Environment Agriculture) in a Qualified Opportunity Zone property.

  • Details
    Project Qualification: Substantial Improvement Property
    Real Estate:
    • Office
    • Industrial
    • Retail
    Total Capital Required: $72,500,000
    Equity Required: $27,375,000
    Debt Required: $47,125,000
    Project Control: We have enforceable contracts to acquire the key property
    Timeline: 30-90 days
     Address: NEC Simmons and Carey North Las Vegas Nevada 89108 United States
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  • Project Narrative
    Project Narrative:

    SunGrow Business Park is an 86 Acre Business Industrial Park in a Qualified Opportunity Zone development project in North Las Vegas, Nevada.

    Directly East of North Las Vegas Air Terminal (VGT), which has small commercial aircraft capabilities.

    The project is being designed and constructed to LEED sustainable standards utilizing proven and approved sustainable building products that meet or exceed all current required design criteria.

    Opportunity Zone & New Market Tax Credit financing for Business Owners.

    QOZ & NMTC programs receive special consideration and preferential processes with the local governing agencies.

    Upon completion the project will consist of over 1.45 million square feet of Industrial space and an additional 250,000 sq. ft of retail, flex and educational spaces.

    Urban greenhouses will be available for lease by local growers for food production.

    Anticipates jobs created will exceed 1,000 permanent jobs for the local economy.

    Centrally located in the greater LV area with access to I-15 and US-95 within a few miles of the site.

    Solar panels with latest technologies will be incorporated into the power system.

    Location, Location, Location…Airport at NLV & multiple I-15 and US-95 Freeway ramps within 3 miles.