CapRock Partners acquires 85 acres for new 1.48msf industrial development in North Las Vegas
CapRock Partners has acquired 85 acres of unimproved land in North Las Vegas for the future development of CapRock Highlander Logistics Center, a new class-A, LEED-certified logistics complex comprised of two freestanding warehouse buildings totaling approximately 1.48 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 are not disclosed. Construction is scheduled to begin in 2024 with completion anticipated in 2025.
“Demand for big box industrial space in North Las Vegas remains strong, and this Apex property is one of the best-located remaining undeveloped sites in the submarket that can accommodate a building over 1 million square feet,” said Taylor Arnett, first vice president, acquisitions at CapRock Partners. “CapRock brings significant experience building institutional investment-level industrial warehouse assets in North Las Vegas to this new de