CapRock Tropical Logistics Section II. Picture courtesy of Ares Administration Corp.
A three way partnership between Ares Administration Corp. and CapRock Companions has offered CapRock Tropical Logistics Section II, a Class A industrial complicated totaling 442,780 sq. ft in North Las Vegas, Nev. The customer of the just lately accomplished asset was Stockbridge Capital Group, which paid $87 million for the three-building campus, in line with CommercialEdge knowledge. Cushman & Wakefield, along with JLL, negotiated on behalf of the vendor.
The totally leased asset represents the second section of a 1.5 million-square-foot logistics campus. Section I, a two-building, 1.1 million-square-foot Class A property located on 85 acres, offered in 2022.
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Situated at 6325, 6215 and 6185 N. Beesley Drive, CapRock Tropical Logistics Section II includes three single-tenant services starting from 91,591 to 249,085 sq. ft. Options embody 32-foot clear heights, concrete truck courts, a complete of 62 dock-high doorways and 6 grade-level doorways, ESFR sprinkler programs and an workplace part totaling 10,969 sq. ft of house.
Offering direct entry to Interstate 15, the 22-acre property is 11 miles from downtown Las Vegas, 13 miles from North Las Vegas Airport and inside 27 miles from Henderson, Nev. Industrial customers within the space embody Amazon, Sephora and Niagara Bottling, amongst others.
Current industrial developments in Las Vegas
There are a number of industrial tasks at the moment underway within the Las Vegas market. The metro’s improvement pipeline amounted to just about 10.5 million sq. ft as of June, CommercialEdge knowledge exhibits.
In April, Lincoln Property Co. commenced development on a 1.6 million-square-foot campus in North Las Vegas, with completion estimated within the third quarter of 2024. The venture marks the corporate’s first ground-up industrial endeavor in Nevada.
In January, DIV Industrial acquired a 94-acre lot within the El Dorado Valley for the event of a 1.7 million-square-foot industrial campus in Henderson, Nev. Groundbreaking is anticipated this summer season.
