Novva Knowledge Facilities has acquired the just lately accomplished Constructing IV throughout the 1.6 million-square-foot Tropical Distribution Heart industrial growth in Las Vegas. In response to Clark County Information, VanTrust Actual Property bought the 246,400-square-foot property for $45.2 million.
Novva has already began work on its 100-megawatt facility on the location, deliberate for completion in 2023 and representing the corporate’s first property in Nevada. HPA Structure was the designer of the constructing, whereas Martin-Harris Building acted as normal contractor.
Tropical Distribution Heart is a 120-acre industrial park in North Las Vegas, with its tenant roster together with Sephora. In 2020, VanTrust bought the 855,000-square-foot Constructing 1 to Preylock Holdings in a blockbuster deal. The property represents the most important Amazon-leased facility within the state.
Constructing IV is a Class A industrial facility that sits on 15.3 acres at 6115 N. Nico Method, offering entry to interstates 15 and 215 through Tropical Parkway. It options 36-foot clear heights, 43 dock excessive doorways, two grade-level doorways and a big truck court docket. Moreover, 51 trailer parking areas and 203 automobile parking spots are additionally a part of the property.
Different industrial services within the space embrace Packaging Corp. of America, Mattress Tub & Past, Niagara Bottling and FedEx, amongst others.
VanTrust’s lively industrial portfolio
Because the starting of the yr, VanTrust broke floor on a number of industrial services in varied components of the U.S. In April, the corporate began development on Peoria Logistics Park, a 157,000-square-foot build-to-suit distribution heart for Frito Lay, situated in Peoria, Ariz. That very same month, the corporate acquired a growing website within the Cornerstone industrial space of San Antonio, to construct 413,173 sq. ft of speculative house throughout two buildings.
VanTrust’s tasks in Las Vegas additionally embrace the eight-building Northgate Distribution Heart, a 3.5 million-square-foot industrial park and Vantage North, a 4.5 million-square-foot growth. The primary two spec buildings at Vantage North are scheduled for completion in October 2023.
