At a glance
- The price equals about $158 per square foot.
- Fund investors comparing industrial vehicles get a current benchmark: $158 per square foot for an 84%-leased, three-building portfolio, with about 208,000 square feet still to lease.
- The three distribution buildings at 2655, 2815 and 3375 E. Washburn Road sit on about 64.5 acres with access to Interstate 15 and the Clark County 215 Beltway.
Clarion Partners bought Golden Triangle Logistics Center, a 1.3 million square foot Class A industrial portfolio in North Las Vegas, for $205.6 million, according to Connect CRE, citing Commercial Property Executive.
The price equals about $158 per square foot. Washington Capital sold the three-building campus. Newmark's Andrew Briner and Ken White represented the seller, with Kevin Shannon, co-head of U.S. capital markets, providing executive oversight.
Fund investors comparing industrial vehicles get a current benchmark: $158 per square foot for an 84%-leased, three-building portfolio, with about 208,000 square feet still to lease.
The three distribution buildings at 2655, 2815 and 3375 E. Washburn Road sit on about 64.5 acres with access to Interstate 15 and the Clark County 215 Beltway. The portfolio has 36- to 37-foot clear heights, ESFR sprinkler systems, 189 dock-high loading positions and a secured trailer storage yard.
Newmark said the transaction is the largest industrial sale completed in the Las Vegas metro since 2023.
| Item | Detail |
|---|---|
| Buyer | Clarion Partners |
| Seller | Washington Capital |
| Price | $205.6 million |
| Size | 1.3 million sq ft, three buildings, about 64.5 acres |
| Occupancy at sale | 84% leased |
| Broker | Newmark |
Reported by the Deals desk from Connect CRE and Commercial Property Executive. Published . Corrections