Sales Transactions
1. NorthPoint Development purchased the Las Vegas Logistics Centerfor $175M. The property, located on a 50-acre site in North Las Vegas, consists of three industrial buildings totaling more than 1MSF. Blackstone’s Link Logistics sold the property. Colliers handled the transaction.
2. A 169KSF industrial building at 400 E. Parr Blvd. in Reno sold for $20.5M. The buyer was an undisclosed owner/occupier in the kitchen and bath appliance industry, and the seller was Panattoni Development Co. Mike Nevis and Shawn Jaenson of Cushman & Wakefield represented the seller. They were joined by Will Strong, Molly Hunt, Michael Matchett, Jack Stamets and Madeline Warren of the firm’s National Industrial Advisory Group – Mountain West, along with Jeff Chiate, Rick Ellison, Matthew Leupold and Aubrie Monahan of the IAG – West team.
