EBS Picks Up 91-Acre LV Industrial Site

EBS Realty Partners (EBS) and Penwood Real Estate Investment Management (Penwood) acquired 9150 N Terryl B Adams Street, a 90.96-acre industrial development site in the Apex Industrial Park in the City of North Las Vegas.

The partnership will develop the site as “Apex Ridge,” which will consist of two state-of-the-art class-A tilt-up industrial logistics facilities totaling 1.36 million square feet. Groundbreaking is estimated for Q2 or Q3 of 2025.

EBS and Penwood acquired the property for $31 million from Ball Metal Beverage Container Corp. The parties were assisted and represented by Gregg Haly and Garrett Toft, of CBRE, Inc.

Located 20 minutes north of Las Vegas on I-15, Apex Industrial Park features 7,000 acres of developable land. Current tenants in the park include Air Liquide, Kroger Distribution Center, and Hey Dude/Crocs Distribution Center. In 2018, $58 million was invested in highway enhancements, which included the construction of an interchange and the widening of US 93.

Register Today to “Be in the Room” when Michael Brennan receives Connect CRE’s Lifetime Achievement Award and will participate in the Keynote Interview with Kevin Brennan, also of Brennan Investment Group. Join us at Connect Industrial Midwest 2025 on the afternoon of Wednesday, March 5, at Joe’s Live in Rosemont, IL, for this exclusive presentation!