Clarion Partners Closes $206M Vegas Industrial Buy

Clarion Partners has acquired Golden Triangle Logistics Center, a 1.3-million-square-foot, Class A industrial portfolio in North Las Vegas, Nevada, in a deal worth $205.6 million, according to published reports.

Golden Triangle Logistics Center consists of three distribution facilities located at 2655, 2815 and 3375 E. Washburn Road in North Las Vegas. Spanning approximately 64.5 acres, the portfolio offers access to Interstate 15 and the Clark County 215 Beltway, positioning tenants to efficiently serve major Western U.S. population centers. The campus, 84% leased at time of sale, features 36- to 37-foot clear heights, ESFR sprinkler systems, expansive truck courts, 189 dock-high loading positions and a sizeable, secured trailer storage yard.

Newmark Executive Managing Director Andrew Briner and Vice Chairman Ken White represented the seller, Washington Capital. Newmark Co-Head, U.S. Capital Markets Kevin Shannon provided executive oversight in the deal.

According to Newmark, the transaction marks the largest industrial sale completed in the Vegas metro since 2023.

Photo: CBRE, who has been leasing the property on behalf of the seller