Nevada

NORTH LAS VEGAS, NEV. — CapRock Partners has purchased 85 acres of unimproved land in North Las Vegas for the development of CapRock Highlander Logistics Center. The Class A complex will feature two freestanding warehouse buildings totaling approximately 1.5 million square feet. CapRock entitled the site during a prolonged escrow and then acquired the property off-market from a private seller. Terms of the deal were not released. Construction is scheduled to begin in 2024, with completion slated for 2025. Upon completion, CapRock Highlander Logistics Center will feature a 1 million-square-foot facility with 164 dock-high doors, four ground-level doors and speculative office space, and a 460,800-square-foot building with 82 dock-high doors, four ground-level doors and speculative office space. The buildings will offer 40-foot clear heights, excess land for an outsized number of trailer and parking stalls, drive-around capability and private concrete yards and truck courts. Donna Alderson, Greg Tassi and Nick Abraham of Cushman & Wakefield represented CapRock in the acquisition. Will Strong and Kirk Kuller of Cushman & Wakefield’s National Industrial Advisory Group – Mountain West represented CapRock in the asset’s equity financing.

NORTH LAS VEGAS, NEV. — Rockefeller Group has acquired a former Walmart Supercenter site for the development of Craig Road Logistics Center, an industrial project at the intersection of Craig Road and North Nellis Boulevard in North Las Vegas. Terms of the transaction were not released. Situated on 19 acres, Craig Road Logistics Center will feature two speculative building offering a total of 369,198 square feet of industrial space. The 227,660-square-foot building will feature 36-foot clear heights, 176 auto parking stalls and 29 dock doors. The 141,538-square-foot facility will offer 32-foot clear heights, 219 auto parking stalls and 18 dock doors. Additionally, both buildings will offer a variety of state-of-the-art features to ensure the project is a Class A facility. Lee & Sakahara Architects will design the project, TWC Construction will serve as general contractor and Taney Engineering will serve as civil engineer. Rockefeller Group represented itself in the land purchase. Jason Simon and Rob Lujan of JLL’s Las Vegas office will be listing brokers for the project.