2008 NBJ April Henderson

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For the fourth year in a row, Station Casinos has been named as one of Fortune® Magazine’s “100 Best Companies To Work For.” Fortune Magazine also recognized Station Casinos in the following categories: Most Diverse, Most Women, Best Compensation & Best Health Care. © Station Casinos inc, Las Vegas, NV 2008 SPECIAL REPORT To Order Reprints, Contact: Nevada Business Journal • 375 N. Stephanie St., Bldg. 23 • Henderson, NV 89014 • 702-735-7003 COPYRIGHT © 2008 REPRODUCTION PROHIBITED UNLESS AUTHORIZED BY PUBLISHER HENDERSON AVibrant Business Community With Nevada continuing to lead the nation as one of the fastest growing states, the City of Henderson has grown to a place more than 270,000 people call home. ocated adjacent to Las ership appreciates the development of Nevada, as well as its locale in rela- Vegas, Nevada, Hender- our economy and how it enhances the tion to support services, a good reason son made a name for itself quality of life for all of our residents.” to move or expand to Henderson. L in the 1990s as being the In fact, the business-friendly and In recent years, Henderson has seen fastest-growing city in the nation. In family-friendly atmosphere has been substantial growth, development and re- fact, Henderson – known for its mas- noticed nationally. In 2006, MONEY development in all areas of the expand- ter-planned communities and high Magazine ranked Henderson as one ing city including four booming busi- quality of living – has been at the of the top 20 cities in America in ness areas: Green Valley North, Green front of Nevada’s growth spurt, grow- which to live. The city was also rated Valley South, the Interstate 215/95 cor- ing from just 60,000 people in 1990. by the Kosmont-Rose Cost of Doing ridor and West Henderson. To support the city’s growing popu- Business Survey as a “Low Cost According to Cooper, each area is lation, the City of Henderson’s Eco- City,” analyzing six types of taxes in- attractive to varying businesses look- nomic Development Division’s goal cluding business license levies, prop- ing to open, relocate or expand to is to ensure the success of local busi- erty tax, sales tax and utility taxes in Henderson for a good reason. nesses. This could be why the city’s 398 cities nationwide. Additionally, “We’ve got medical, aviation, tech- business population has also seen sig- Nevada is also recognized as one of nical, manufacturing, professional nificant growth in recent years. the best states to do business accord- services and others interested in all “Henderson has a lot to offer busi- ing to a recent survey conducted by areas of Henderson because of what nesses, and these businesses have a lot CEO Magazine in January. Results the city has to offer,” Cooper said. to offer us,” said Bob Cooper, manag- posted by the magazine show Nevada “Even after looking into other cities, er of the City of Henderson’s Eco- among the top two ranked states, many of these businesses select Hen- nomic Development Division, espe- Texas being the other state, to do derson as a clear-cut choice for their cially referencing the city’s growing business in for the last three consec- organization not only because of business sectors including finance, in- utive years. lower taxes, lower cost of living and surance and real estate firms, retail, In addition to the City of Hender- better employment opportunities, but health and social services. “We are son’s favorable business climate, also because we are an excellent extremely business friendly at the businesses find Henderson’s conve- community to live in.” City of Henderson because our lead- nient location both within Southern 6 Henderson 2008 Henderson Richards said the flex park appeals “While a major portion of the to executives who want a peaceful Green Valley area is certainly well-es- Booming Corridors and secure office, not those looking tablished, there still remains a number for retail frontage on major thorough- of opportunities for business owners Green Valley North fares. HBizctr – one of many looking to open, relocate or expand throughout the country – is a perfect their business,” said Jeff Leake, eco- There’s no question that the Green fit for a previously undeveloped part nomic development officer for the Valley master-planned community re- of Green Valley. City of Henderson. defined Henderson. Now, 30 years after American Nevada Company broke ground on Southern Nevada’s first master-planned community, there are still plenty of opportunities for growth in the jewel of Henderson. Many know the story of Hank Greenspun, the founder of American Nevada Company. He first began the 8,400-acre Green Valley master- planned project in 1978. Three decades later, it continues to expand and grow with the booming population of Southern Nevada. Residential communities developed by the company include Seven Hills, Green Val- ley and Green Valley Ranch. In essence, Greenspun’s vision trans- formed the City of Henderson and Southern Nevada. One of the area’s newest develop- ments in the northern part of Green Valley is the HBizctr at Whitney Mesa located at 1820 Whitney Mesa Drive. The 98,498-square-foot flexible office and industrial park is an upscale, secure and quiet space, perfect for executives. The multi-building park offers custom spaces ranging from well-ap- pointed 2,600-square-foot suites to 36,000-square-foot industrial sites. “It’s really designed to boost the economy,” said Bridget Richards, owner of New Growth Commercial and broker for HBizctr. “We mostly sell to Henderson-based business- owners who have been leasing but are now successful enough to take their business to the next level and own their own space.” Henderson 2008 7 Another great in-fill project in Hen- see wanting a project like this,” Scher- centers like The District to a vibrant derson also boasts one of its highest er said. “This community has the right business corridor, there’s something buildings. The 140,000-square-foot kind of amenities for this project.” for everyone in Green Valley. Similar Eastgate Plaza II, will be the tallest Henderson’s Green Valley boasts to its other half located just north of I- Class A corporate office building in award-winning communities, includ- 215 in Henderson, the southern end of Henderson, with six stories. Located ing municipal golf courses, parks Green Valley has also continued to ex- at 450 N. Stephanie Street, the office and national recognition for being pand and grow along with the still ex- building has spectacular, panoramic one of the nation’s most “walkable” plosive growth of the Southern Neva- views of the Las Vegas Valley. The cities in America. da community over the last 30 years. new office building, currently under Like much of Green Valley, both The District at Green Valley Ranch, construction, is expected to be fin- HBizctr and Eastgate have convenient which totals 572,000 square feet, re- ished in summer 2008. freeway access to US-95 and Interstate- ceives a lot of attention for its mixed- David Scherer, senior vice presi- 215. Once new interchanges along US- use, metropolitan mix of retail and dent of Grubb & Ellis which is repre- 95 near the Sunset at Galleria Mall are residential space – the first of its kind senting Eastgate Plaza II, said the de- finished, the connectivity to the Las in the Las Vegas Valley. The urban veloper decided to build in Henderson Vegas Valley will be even better. “Main Street” center has 60 retail and because the city is an attractive com- restaurant units, as well as 137,000 munity for corporate executives and Green Valley South square feet of office space. American their families. Nevada Company has developed a lot “Henderson is a good community From master-planned residential of commercial and office space in that attracts the kinds of customer we communities to metropolitan lifestyle Green Valley, much of which can be found outside the well-know “district” area. The 94-acre Green Valley Corporate Center is an example of the growing amount of office space in Green Valley South, stretching all the way to the Black Mountain foothills near the 3,200-acre MacDonald Highlands master-planned community. While the first Corporate Center building went up in 1995, today American Nevada continues to build-out. Currently, the company is constructing the 6th building in the center, which is a four-story 134,400-square-foot office space. Completion is set for May 2008. The company also plans to apply for certi- fication by the national Leadership in Energy and Environmental Design (LEED) program. In addition to the Corporate Center, American Nevada is developing the 90-acre Green Valley Corporate Center South on Paseo Verde Parkway. One of the unique things about Henderson is the quality of develop- ers who are attracted to the area.

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