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CapRock Divests 100% Leased Las Vegas Industrial
CapRock Partners has divested CapRock Interchange Industrial Center, a 684,000-square-foot Class A industrial complex in North Las Vegas which the firm developed in 2020 and 2021. Terms of the sale weren’t disclosed.
“This sale is representative of CapRock’s capabilities and leadership in industrial real estate and is a significant step in the firm’s deliberate expansion into strong U.S. logistics markets with positive economic fundamentals,” said Nicholas Ilagan, SVP of asset management with CapRock.
At the time of sale, CapRock Interchange Industrial Center was 100% leased to BarkBox, Boxabl and Evanesce Packaging Solutions. Newmark represented CapRock in the sale transaction, led by Andrew Briner and Brett Hardy. Rob Lujan, Xavier Wasiak and Jason Simon of JLL represented CapRock as the local market experts.
Including CapRock Interchange Industrial Center, CapRock has acquired, developed or launched construction of approximately three million square feet in the Las Vegas area since 2017.
- ◦Sale/Acquisition