Cushman & Wakefield Represents Whitebox in Expansion to 350,000 SF at Logistics Center in Las Vegas

Rhea-AI Summary

Cushman & Wakefield (NYSE: CWK) has facilitated a lease expansion for Whitebox, a modern commerce marketplace, covering 350,528 square feet at the Golden Triangle Logistics Center in North Las Vegas. This expansion marks a significant growth for Whitebox, which has increased its capacity fourfold in the area since selecting Las Vegas as its West Coast hub in 2019. The new facility, strategically located near major highways and McCarran Airport, will enhance Whitebox's fulfillment capabilities and support its tech-enabled network.

Positive

• Whitebox's lease expansion reflects a strong growth trajectory, increasing capacity to meet growing demand.
• Strategic location in North Las Vegas enhances logistics and operational efficiency.

Negative

• None.

Cushman & Wakefield (NYSE: CWK) recently announced the firm represented Whitebox, a modern commerce marketplace and fulfillment partner for DTC brands and manufacturer, in a lease expansion totaling 350,528 square feet at the newly developed Golden Triangle Logistics Center in North Las Vegas, Nevada. The transaction reflects another significant increase in local occupancy by the fast-growing and award-winning company, which expanded more than fourfold in the area.

Alma Cuevas, Jason Griffis and Zac Zaher with Cushman & Wakefield represented Whitebox in the transaction.

Whitebox’s new North Las Vegas facility consists of an entire freestanding building as part of Phase I of the Golden Triangle Logistics Center development. The project was developed by Washington Capital Management, on behalf of their client, and the Trammell Crow Company, and represented in the lease by Donna Alderson, SIOR with Cushman & Wakefield in collaboration with Kevin Higgins, SIOR and Jake Higgins with CBRE.

“Whitebox originally selected Las Vegas in early 2019 as its West Coast hub largely due to real estate costs, a business-friendly environment, and logistics advantages,” said Cuevas.

Marcus Startzel, CEO Whitebox Technologies, said, “We built our tech-enabled fulfillment network with modern commerce in mind. Our proprietary technology enables both advertising and logistics services for our brand partners. By leveraging insights from both the marketplace activity data and logistics and inventory data generated from those transactions, we have seen incredible growth in the past year. This growth drove our need for additional capacity - adding another fulfillment center to our network enables us to better serve our clients' increasingly sophisticated sales and logistics needs.”

Whitebox’s facility is strategically located in the heart of the North Las Vegas submarket, providing easy access to I-15, I-215, and US-95. It is less than 15 miles to McCarran Airport and approximately 10 miles from the Las Vegas Strip.

About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 53,000 employees in 400 offices and 60 countries. In 2019, the firm had revenue of $8.8 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.

About Whitebox
Whitebox delivers modern commerce success for brands in a consumer-first economy. The only company to both “move stuff and sell stuff,” they eliminate ecommerce complexity, create opportunities others can’t and eliminate costs others won’t so brands and their customers can develop strong and lasting relationships.

Whitebox helps brands win wherever customers are today and tomorrow. Their proprietary technology is powered by the fusion of data from selling and moving products in the same ecosystem, unlike siloed platforms and partners. Whitebox’s Factory Floor to Front Door™ means brands can scale faster, grow smarter and exceed expectations. Learn more at whitebox.com

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FAQ

What is the significance of Whitebox's lease expansion announced by Cushman & Wakefield on October 23, 2023?

The lease expansion allows Whitebox to increase its operational capacity significantly, supporting its growth as a modern commerce marketplace.

How much space is Whitebox leasing at the Golden Triangle Logistics Center?

Whitebox is leasing a total of 350,528 square feet at the Golden Triangle Logistics Center.

What are the logistics advantages of Whitebox's new facility in North Las Vegas?

The facility's location provides easy access to major highways and is only 15 miles from McCarran Airport, enhancing transportation efficiency.

What was the reason for Whitebox's selection of Las Vegas as its West Coast hub?

Whitebox chose Las Vegas for its real estate costs, business-friendly environment, and logistics advantages.

Who represented Whitebox in the lease transaction for the North Las Vegas facility?

Cushman & Wakefield representatives Alma Cuevas, Jason Griffis, and Zac Zaher facilitated the lease transaction.