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Prologis Explores Las Vegas for its Safari Acquisition
Prologis Inc. recently acquired the Safari Business Park, a 441,569-square-foot industrial park in Las Vegas. The asset consists of five multi-tenant buildings located at 7650-7850 Dean Martin Dr., positioned at the Interstate 15 and Blue Diamond Road interchange. The seller was Black Bongo LP.
Greg Tassi, Donna Alderson and Nick Abraham with Cushman & Wakefield in Las Vegas represented the buyer in the acquisition. The firm was also retained for project leasing, an effort being led by Tassi and Abraham together with Mathias Hughes and Lisa Brady of Prologis.
The park was 82 percent leased at the time of sale with available leasable suites currently ranging from 10,280 square feet to 15,303 square feet.
Located in the southwest industrial submarket, Safari is adjacent to existing/future industrial developments with access to McCarran International Airport, Allegiant Stadium and the Las Vegas Strip.
- ◦Sale/Acquisition