World Market Center Announces Tenant Lineup for Phase Two

Furniture World Magazine

World Market Center officials announced that construction of Phase Two is ahead of schedule and is fully leased to approximately 300 top manufacturers in the home furnishings industry. Officials announced that the building will open for the January 2007 Las Vegas Market, to be held January 29-Febraury 2, 2007. With the opening of the second building, World Market Center will be home to 10 of the Top 25 U.S. furniture manufacturers and importers. Nevada Gov. Kenny Guinn and Las Vegas Mayor Oscar B. Goodman joined World Market Center principals for a news conference during the Market’s opening day and praised the developers on their vision and execution of this groundbreaking project. Gov. Kenny Guinn said, “World Market Center has created thousands of new jobs, both at the Center itself and indirectly through business that will support the Market’s needs. This means continuing prosperity for our citizens and additional tax revenues to help Nevada keep up with the needs of our expanding population.” “World Market Center has been a tremendous success and news that the second phase is ahead of schedule and nearly leased is especially exciting, not just for future attendees, but for the entire city of Las Vegas,” said Las Vegas Mayor Oscar B. Goodman. “Not only has World Market Center changed the face of downtown with its visual grandeur, it has brought in a completely new industry and tourist base to our great city.” Phase Two is a 16-story building with 1.6 million square feet of showrooms and will house approximately 300 tenants. The building leased very quickly, and as a result, World Market Center officials expanded the building to accommodate the demand, which reflects the strong industry support and commitment for World Market Center. The second building will emulate the composition of the first building in terms of the racetrack design of the floor plan and the type of companies on each floor. In order to create a seamless experience for the buyer, World Market Center will connect the categories from building to building with sky bridges at every level. The second building features a year round Design Center on Floors One and Two; accessories and home accent companies on Floors Three through Five; furniture and bedding companies on floors Six through Fifteen. The 16 th floor will feature a 10,000 square foot event space and café as well house executive offices for management and industry associations. “Phase Two is a well-anchored building with very strong companies and larger showrooms across the board. With the opening of this building, it gives many companies expansion opportunities,” said Babs Blair, Director of Leasing. “The overwhelming number of our tenants want larger showrooms so that that they can accommodate more new product and the growing buyer demand at Las Vegas Market.”