November 6, 2019
Newport Beach, CA-based CapRock Partners broke ground on Interchange Industrial Center, a 683,000-square-foot Class A industrial complex in North Las Vegas. The property, which was purchased from a private investor in July 2019, is situated on a 33-acre parcel located at the intersection of the I-15 and I-215.
CapRock Partners’ Taylor Arnett says, “We’ve specifically zeroed in on the North Las Vegas submarket due to the area’s strong leasing velocity from credit tenants over the last three years, the amount of institutional investors established in the area, and the lack of available sizeable parcels compatible with big box development in an area that is relatively land-constrained.”
The facility consists of two Class A industrial buildings, including a roughly 509,000-square-foot, cross-dock warehouse and a roughly 173,000-square-foot warehouse. Construction is expected to be completed by late summer 2020.
Interchange Industrial Center is CapRock’s first ground-up development outside of California.
Connect Industrial is coming up on November 19th in Houston. You can get more details and register to attend on this link.
For comments, questions or concerns, please contact Dennis Kaiser