Dallas-based Colony Industrial has acquired a two-building warehouse portfolio at Henderson Freeways Crossing in the Henderson submarket of Las Vegas, NV. Colony Industrial is the industrial platform of Colony NorthStar, a diversified global real estate investment firm with $43 billion of assets under management.
The two class A light industrial buildings at Henderson Freeways Crossing, located at 8385 and 8390 Eastgate Road in Henderson, NV, south of Las Vegas, total 363,450 square feet. These recently constructed buildings are 45% leased to five high-quality tenants.
According to a prepared release, the buildings are strategically located with immediate access to Interstate 215 (Las Vegas’ perimeter highway) and Interstate 515 (north-south corridor from downtown Las Vegas), which provide convenient access to Interstate 15 (major national north-south corridor).
Lew Friedland, Colony NorthStar Managing Director and head of Colony Industrial, said, “Las Vegas has the investment attributes we like – good growth, with low vacancies and strong demand for well-located, “last mile” warehouse space. This latest addition to our Las Vegas portfolio is strategically located near major roadways and near leading national and international corporations and will help us achieve critical mass in this market.”
The two-building portfolio at Henderson Freeways Crossing is Colony Industrial’s third investment in Las Vegas over the last year. CBRE’s Kevin Higgins acted as real estate broker on the transaction.