Commercial Real Estate 10-20-26

Photo of Vantage North at Apex Industrial Park in North Las Vegas by VanTrust Real Estate.
Credit: L.E. Baskow/Las Vegas Review-Journal

Sales Transactions

1.

Artemis Real Estate Partners acquired two industrial buildings totaling 1.2MSF in Vantage North at Apex Industrial Park in North Las Vegas for a combined $192.4M. Developer VanTrust Real Estate sold the buildings for $118.2M and $74.2M, respectively, in a deal that closed in September. The warehouses are leased to DHL, which will operate them as a contract logistics provider for an unnamed client. Jonathan Rainford at Artemis said the firm formed a new partnership with DIV Industrial for the acquisition.

Photo of Vantage North at Apex Industrial Park in North Las Vegas by VanTrust Real Estate.
Credit: L.E. Baskow/Las Vegas Review-Journal
2.

The Washoe County School District is set to purchase an 85KSF office building at 5250 S. Virginia St. in Reno for $47M. The building will serve as a new administrative headquarters for WCSD. The purchase was unanimously approved by the Board of Trustees.

Credit: Reno Gazette-Journal
3.

Cushman & Wakefield’s National Industrial Advisory Group arranged the sale of a fully leased, seven-building shallow-bay industrial portfolio totaling 426.9KSF across Arizona and Nevada. The portfolio includes properties at:

  • 1031 E. Riverview Dr., Phoenix;
  • 1020-1030 E. University Dr., Phoenix;
  • 450 E. Elliot Road, Chandler;
  • 2546 W. Birchwood Ave., Mesa;
  • 5153 W. Fillmore St., Phoenix;
  • 4110 W. Washington St., Phoenix, and
  • 915 E. Dale Ave., Henderson.

The properties are leased to 11 regional and national tenants. Cushman & Wakefield’s Will Strong, Molly Miller, Jack Stamets, Michael Matchett and Madeline Warren represented both seller Piercey Realty Ventures and buyer Baron Properties. The seller was also represented by Ken McQueen, Chris McClurg, Blake Peters and Jack Sims of Lee & Associates in Phoenix, along with Jason Griffis and Alma Cuevas of Cushman & Wakefield in Nevada.

Credit: Cushman & Wakefield
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