
Link Logistics Acquires $80M Las Vegas Industrial Portfolio
Link Logistics has acquired the Skyline Industrial Portfolio, a six-building assemblage totaling 350,712 square feet and 18.4 acres, in the southwest submarket of Las Vegas. The transaction was valued at $80 million. The portfolio is fully leased to a diversified rent roll of 14 tenants from various employment sectors. A Colliers’ Industrial Capital Markets Team led by Michael Kendall marketed the portfolio. The seller was not disclosed. The buildings ranged in size from 15,000 to 162,000 square feet.
Link’s J. R. Cisneros likes doing business in the town, saying it “continues to boast solid fundamentals and strong demand…it fits our market investment strategy of adding high-quality infill properties to our Las Vegas footprint.”
Link has been active of late in the industrial market. Last month, Link sold a seven building, $263 million Southern California portfolio to a joint venture of George Urban Advisors, Five Horizons Partners and DRA Advisors.
- ◦Sale/Acquisition