Nevada

LAS VEGAS — Panattoni Development Co. has purchased two industrial buildings situated on 7.2 acres in southwest Las Vegas. Terms of the transaction were not disclosed. Located at 3300, 3564 and 3515 Birtcher Drive, Southwest Vegas Innovation Center consists of the 138,817-square-foot Building 1, which includes 83,127 square feet of warehouse space and 55,690 square feet of office space, and Building 2, a 9,100-square-foot industrial building with a fenced yard. The property is currently leased to Aristocrat Technologies Inc., a global, publicly traded gaming and tech company based in Las Vegas.

LAS VEGAS — Intermountain Lock & Security Supply Co. has purchased an industrial facility, located at 3670 W. Oquendo Road in Las Vegas, for $7.9 million as part of a 1031 exchange. The company will use the 28,420-square-foot property to expand its operations in the region. Jeremy Green and Mike Catt of Kidder Mathews represented the buyer in the deal. The name of the seller was not released.

LAS VEGAS — MCA Realty, through its Industrial Growth Fund II, has purchased a multi-tenant industrial building, located at 4205 W. Tompkins Ave in Las Vegas, from a private investor for $4.2 million. Built in 1984, the 19,500-square-foot building features a clear height of 22 feet, seven grade-level roll-up doors, separately metered units with evaporative coolers and a 28,500-square-foot fenced yard. MCA Realty will make significant improvements to the exterior, including new paint, asphalt repairs and new fencing. Interior improvements will include office renovations, new carpet and ceiling tiles, new bathroom fixtures, LED lighting, painting and insulation of the warehouse. Pat Marsh and Sam Newman of Colliers represented both parties in the transaction.

LAS VEGAS — Intersection Equities, in partnership with Sundance Bay, has acquired Valley View Industrial, a multi-tenant flex industrial asset in Las Vegas, from Sanders Wyoming Trust. The transaction was valued at $8.7 million, or $181 per square foot. Erik Sexton and Camila Rosales of NAI Excel represented the buyer in the deal. Located at 5325 S. Valley View Blvd., Valley View Industrial consists of a 48,304-square-foot facility offering nine warehouse/office units ranging from 1,000 square feet to 28,000 square feet. The property features 14- to 18-foot clear heights and 11 grade-level doors. The ownership plans to implement a series of capital improvements to elevate the property to an institutional-quality asset. Planned renovations include a façade upgrade, new exterior paint and parking lot seal-and-stripe enhancements to improve curb appeal and long-term asset value.

LAS VEGAS — CBRE has brokered the sale of an industrial building located at 3670 W. Oquendo Road in Las Vegas. HS Property NV LLC acquired the asset from NOR Oquendo Road LLC for $7.9 million. The 28,420-square-foot building features a high-image, 6,534-square-foot two-story HVAC office space with an elevator, 12 covered parking spaces (34 total), 3,000 amps, three-phase power and a 28-foot clear height. Tyler Ecklund of CBRE represented the seller in the deal.