Tropical Logistics Section II. Picture courtesy of CapRock companions
CapRock Companions has accomplished the development of two Class A warehouse and distribution amenities in Las Vegas. Tropical Logistics Section II and Spanish Ridge Industrial Park are situated at 6185-6325 N. Beesley Drive and 5425 – 5365 S. Riley St., respectively.
At current, Tropical Logistics Section II is absolutely leased, with tenants transferring to occupy the park’s buildings within the first quarter of this yr. Spanish River Park is partially leased, with tenants transferring in through the second quarter. JLL is offering leasing and brokerage providers for each properties and is actively advertising and marketing the rest of the house at Spanish River Park.
In-depth property profiles
Tropical Logistics Section II was inbuilt 2022 over 21.9 acres and spans three single-tenant industrial amenities totaling 442,780 sq. ft. The advanced is the second part of CapRock’s Tropical Logistics industrial park. The primary part, accomplished within the second quarter of 2022, totals two buildings that host 1.1 million sq. ft, constructed over 85 acres, in response to CommercialEdge data.
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The three buildings in Tropical Logistics Section II every characteristic 32-foot clear heights, 185- to 202-foot concrete truck courts, ESFR sprinkler techniques and mechanical loading doorways with dock levelers and bumpers. Situated inside a 1.6-mile hole between Interstate 15 and State Route 604, the power has fast trucking entry to a lot of Las Vegas and is inside a day’s drive of the Western U.S.’ largest industrial markets. The three amenities embody:
- A 91,591-square-foot warehousing and distribution facility situated at 6185 N. Beesley Drive
- 6215 N. Beesley Drive, a 102,104-square-foot distribution facility that’s constructed over 4.5 acres, in response to CommercialEdge data
- 6325 N. Beesley Drive, a 249,052-square-foot advanced that immediately faces Interstate 15
Spanish Ridge Industrial Park. Picture courtesy of CapRock companions
Spanish Ridge Industrial Park was constructed over 12.95 acres and contains three single- and multi-tenant buildings totaling 21,988 sq. ft, 75,836 sq. ft and 133,075 sq. ft. The belongings characteristic 24- to 30-foot clear heights, alongside 50 whole dock-high loading doorways and 11 grade-level doorways. Moreover, the park contains 5 speculative workplace areas totaling 2,000 sq. ft. Situated within the western portion of the town’s Spring Valley neighborhood, the advanced is inside 2 miles of State Route 215. Entry to Interstate 15, which passes immediately by way of Las Vegas, is inside 5.5 miles from the property.
JLL Senior Vice Presidents Rob Lujan, Xavier Wasiak, SIOR and Vice President Jason Simon, SIOR represented CapRock within the leasing of each complexes, and presently function their brokers.
Western industrial endeavors
The supply of Tropical Logistics Park Section II and Spanish Ridge Industrial Park takes place because the developer and proprietor will increase its industrial presence within the Western U.S. With a big portfolio, CapRock is without doubt one of the most energetic builders and traders of its type within the area.
Earlier this month, the agency bought a 130,800-square-foot industrial constructing in Phoenix for $11.9 million. In April of 2022, CapRock broke floor on Palomino Ranch, a 2 million-square-foot speculative warehouse challenge within the Inland Empire that may span 24 buildings throughout 112 acres.
