Marnell Properties’ Marnell Air Cargo Center at McCarran International Airport Slated to Open Early October 2010

LAS VEGAS--(BUSINESS WIRE)--Executives at Marnell Properties, a leading Las Vegas-based real estate development company, announced today the Marnell Air Cargo Center located at one of the nation’s busiest airports, McCarran International Airport, is on-schedule and slated to open early October 2010. Part of the master McCarran International Airport expansion plans, the air cargo center is a 200,928-square-foot freight and distribution facility offering build-to-suit suites for tenants.

“This new facility offers a level of customization that in itself is quite unique”

“This new facility offers a level of customization that in itself is quite unique,” said David Simard, Senior Vice President of Marnell Properties. “The air cargo industry is one of high-technology – different tenants need very specific layouts, custom floors and a variety of other components to get the maximum efficiency from their space. We’re tailoring each suite to fill those needs.”

The Marnell Air Cargo Center sits on approximately 19 acres next to the airport’s Terminal 3 project, a 14-gate facility scheduled to open in 2012. The cargo center will be home to on-tarmac air cargo operations for notable tenants such as FedEx, United Postal Service and Southwest Airlines among others. Officials at McCarran anticipate processing 100,000 tons of cargo annually once operations begin in October. In 2009, McCarran processed approximately 193 million pounds of freight.

Since 2005, Marnell Properties has been working with McCarran on its expansion plans. The company has already completed the first of three buildings comprising the Marnell Airport Center, a master-planned office development complex on approximately 14 acres of land adjacent to the airport. The Center currently houses the Clark County Department of Aviation. In addition, Marnell Properties has also completed the majority of the McCarran Marketplace, a 75-acre retail marketplace housing tenants such as Walmart, Lowe’s, PetSmart and Office Depot.

“Marnell Properties’ proposal was consistent with McCarran’s expansion project,” said Clark County Director of Aviation Randall H. Walker. “The company has a long-standing history in the city and is known for its expertise in design, construction, leasing and management. They know how to take projects from A to Z.”

About Marnell Properties

Marnell Properties is a real estate development company that focuses on acquisition, development and management of commercial, revenue-producing real estate holdings and long-term portfolios. The company specializes in acquiring sites in high-impact areas and bringing to the commercial real estate market quality, location and lifestyle in all its development projects. A division of Marnell Companies, a leading consulting, architectural, design and construction firm, Marnell Properties is located at 222 Via Marnell Way, Las Vegas, Nevada 89119. For more information, visit www.marnellproperties.com.