LAS VEGAS (July 10, 2008) – Lauth® today “topped out” construction on Montecito Point, an 187,000-square-foot (SF), Class A office building located at the northwest corner of Hwy 95 and the 215 Loop in northwest Las Vegas. The “topping out” ceremony included hoisting the final steel beam into place of this modern 6-story and “green” office building. When Montecito Point opens this fall, it will feature ample parking, easy highway access, and close proximity to retail and professional services.
“Montecito Point fills a great need for modern, high quality office space on the northwest side of town,” said Mike Orr, First Vice President of Development at Lauth. “Montecito Point caters to businesses seeking the lower energy and operating costs of a green building and the convenience of being located in the Montecito Town Center.”
Montecito Point is the only building in the northwest office submarket that is LEED Registered with the US Green Building Council (USGBC). The building is designed to achieve LEED Silver Certification. Montecito Point’s green features include: a high-efficiency heating and cooling system, increased use of day lighting, low-flow water fixtures and high solar reflective roofing to reduce the building’s “heat island effect.” It also incorporates recycled building materials. According to the USGBC, LEED Certified buildings reduce energy use by 25%-30%.
Tenants of Montecito Point will be just minutes away from over 50 shops and restaurants located at Montecito Town Center. They will also enjoy reduced commute times due to the building’s strategic location near Rome Boulevard, Grand Montecito Parkway, I-215 and Highway 95.
Randy Broadhead, Brad Peterson and Darren Lemmon of CB Richard Ellis are leasing Montecito Point.
Montecito Point will be the third facility in Las Vegas completed by Lauth, the nation’s 13th largest commercial real estate developer according to Commercial Property News. In 2006, the company completed the 421,000 SF Northpoint Business Center, home to International Truck and Engine’s Las Vegas Distribution hub. Lauth built a 78-door freight terminal for Yellow Transportation in 2004. It also built a 624,000 SF distribution center for Henderson-based Zappos.com in Shepherdsville, Kentucky.
The topping out of Montecito Point marks the latest announcement by Lauth. Last month the company topped out NASCAR® Plaza, a 20-story world class office tower in downtown Charlotte. It also unveiled a conceptual sketch for a mixed-use retail project being developed in conjunction with the Bradley Center, home of the NBA’s Milwaukee Bucks. Later this month, Lauth will begin construction on the first of two new distribution facilities at North Pointe Business Park near the Port of Charleston, South Carolina and celebrate the grand opening to Bryan Towne Center, a 400,000 SF retail development in Bryan/College Station, Texas.
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About Lauth®
Since 1977, Lauth has been building facilities for clients to lease or own throughout the United States. Lauth’s years of solid experience, coupled with completed projects worth billions, make it a leading national development firm. Lauth delivers virtually any type of facility including healthcare, industrial, office, and retail from offices in Indianapolis, Charlotte, Dallas, Denver, Orlando and Phoenix. Additional Lauth information is available at www.lauth.net.