CapRock Partners has acquired a 5-acre land site in the North Las Vegas submarket. Acquired from a commercial real estate investment firm for an undisclosed amount, this site will enable CapRock to provide build-to-suit solutions for distribution or manufacturing tenants in need of industrial space ranging from 45,000 to 100,000-plus square feet.
“The recent surge in the adoption of ecommerce has driven industrial demand from ecommerce, third-party logistics and other companies that are experiencing a need to bolster their inventory and supply chain,” said Taylor Arnett, first vice president, acquisitions at CapRock Partners. “The site is ideally located to serve the needs of both manufacturers and distributers, whether they require convenient access to the Las Vegas Strip or need to leverage Las Vegas’ strategic location to reach 61 million people within a one-day truck service.”
Over the past year, CapRock Partners has been entitling the site, which is perm
