Nevada

LAS VEGAS AND HENDERSON, NEV. — Colliers has arranged the dual acquisitions of a two-parcel infill logistics portfolio in Henderson and Las Vegas by BKM Capital Partners and an Ares Management Real Estate fund. Michael Kendall, Gian Bruno, Dan Doherty, Paul Sweetland, Jerry Doty, Chris Lane, Brian Riffel and Tyler Jones of Colliers represented the seller, a private institutional investment firm, in the sales. BKM Capital Partners purchased a two-building, 153,368-square-foot property at 6620 Escondido St. in Las Vegas for an undisclosed price. BKM plans to implement a $4.4 million capital improvement program to execute structural and cosmetic improvements to the property, as well as speculative tenant improvements to turn the two large units into nine warehouses ranging in size from 7,000 square feet to 31,000 square feet each. The asset was constructed in 1995. An Ares Management Real Estate fund acquired Airparc Heights, a six-building, Class A business park at 3225-3255 Sunridge Parkway and 1065-1085 Alper Center Drive in Henderson. Ares acquired the park, which will be managed by the Ares Industrial Management team. Spanning 339,214 square feet, the project was delivered in 2022 and gained full occupancy within one month of delivery.

SPARKS, NEVADA — EQT Exeter has acquired USA Parkway Distribution Center I and II, an industrial park totaling 1.1 million square feet within Tahoe-Reno Industrial Center in Sparks, from an institutional investor for an undisclosed price. Situated on 45.9 acres at 3300 Waltham Way and 201 Ireland Drive, USA Parkway Distribution Center I and II are cross-dock distribution buildings that offer a total of 135 dock-high doors, nine grade-level doors and 120- to 130-foot truck courts with four 60-foot concrete dock aprons. The asset was fully leased to five tenants at the time of sale, including Tesla and The Tire Rack, which occupy 70 percent of the property. Brett Hartzell, Rebecca Perlmutter and Paige Morgan of CBRE National Partners represented the seller in the deal. Erick Bennett, also with CBRE, served as the local market expert.

NORTH LAS VEGAS, NEV. — NAI Excel has directed the sale of Strongbox Lamb Industrial Center in North Las Vegas. Strongbox Development sold the asset to a national cabinetry manufacturer for $16.5 million. The undisclosed buyer plans to occupy the 89,284-square-foot, Class A warehouse as its primary manufacturing and distribution hub on the West Coast. Situated on 4.5 acres, the property was completed in August 2024. Bryan Houser of NAI Excel represented the seller, while Sean Zaher of CBRE represented the buyer in the transaction.