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Phoenix & Southwest  + Southwest  + Industrial  | 
CapRock Partners has divested CapRock Interchange Industrial Center, a 684,000-square-foot Class A industrial complex in North Las Vegas

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. 

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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