Ares Management and Caprock Partners sell 230,899-square-foot class A industrial warehouse complex in Las Vegas

Ares Management and CapRock Partners announced the sale of Spanish Ridge Industrial Park to EastGroup Properties, a publicly traded real estate investment trust (REIT). The state-of-the-art class A facility was a joint venture between CapRock and Ares Management Real Estate funds.

Recently developed and completed, Spanish Ridge Industrial Park consists of three single- and multitenant buildings totaling 230,899 square feet in the Southwest Las Vegas submarket. The property was 100 percent leased to five investment-grade credit tenants at the time of sale.

Spanish Ridge Industrial Park is located at 5425 and 5365 S. Riley St. and 8875 W. Hacienda Ave. It is within a block of the Las Vegas Beltway (CC-215) and less than seven miles from the Interstate 15 freeway, providing convenient access to major local and regional transportation routes and the region's skilled labor pool.

Spanish Ridge Industrial Park’s three buildings are 133,075 square feet, 75,836 square