HENRY PYLE
OPERATING PARTNER
CHARTWELL REAL ESTATE DEVELOPMENT
WHY: Costa Mesa-based firm eyeing expansion in the Las Vegas market, signaled by Chartwell’s acquisition of an industrial building in Sin City a few months ago.
IN THE NEWS: Chartwell Real Estate Development paid $29.5M for two-building, 106.5K-SF industrial park at Russell Commerce Center in Las Vegas.
NOTABLE: Portfolio includes many distribution centers and industrial parks in the Inland Empire. Is developing “Fun Zone” on Balboa Peninsula.
QUOTABLE: “We continue to be bullish on the Las Vegas industrial market. Russell Commerce Center aligns with Chartwell’s investment criteria, which is focused on high-demand infill locations.”
