Phoenix & Southwest CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors

Topics

Phoenix & Southwest  + Southwest  + Industrial  | 

Rockefeller Group Closes First Las Vegas Deal

When it comes to Las Vegas, the Rockefeller Group is not thinking skyscrapers. The firm that developed the Rockefeller Center just closed on a 6 acre parcel on the towns east side. It’s dirt now but the iconic company has plans for a 134,000 square foot distribution facility. The sales price was $4.6 million.

The project will be called the Nellis Logistics Center once completed. It will be situated at the corner of North Nellis Boulevard and East Carey Avenue. Groundbreaking is slated for December of this year.

The site is strategically located within a days drive of ten major U.S. cities and Mexico. It’s close to Interstate 15 and State Highways 95 and 97.

Southern Nevada has seen significant growth in the industrial sector since the onset of the Covid pandemic. Construction of industrial buildings is up 25% in one year. Vacancy rates are only at 1.7% citywide.

Connect

Inside The Story

Marc Berg

About Mike Boyd

Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.

Money360-16-cube
Colliers-56-cube