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Colony Industrial Acquires Las Vegas Industrial Portfolio
Los Angeles-based Colony Industrial acquired a two-building warehouse portfolio at Henderson Freeways Crossing in the Henderson submarket of Las Vegas. The project was developed by Panattoni.
The Class A light industrial buildings are located at 8385 and 8390 Eastgate Rd. These recently constructed buildings total 363,450 square feet, and are 45% leased to five tenants.
Colony NorthStar’s Lew Friedland says, “Las Vegas has the investment attributes we like – good growth, with low vacancies and strong demand for well-located, “last mile” warehouse space. This latest addition to our Las Vegas portfolio is strategically located near major roadways and near leading national and international corporations, and will help us achieve critical mass in this market.”
Colony Industrial, the industrial platform of Colony NorthStar, has completed three acquisitions in Las Vegas over the last year.
CBRE’s Kevin Higgins was the real estate broker on the transaction.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition
