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Rockefeller Group Spends $4.26 Mil on Six Acres in North Las Vegas

4/27/22

Rockefeller Group has purchased a six-acre parcel in the North Las Vegas industrial submarket for $4.26 mil. The company will develop Nellis Logistics Center, a 134.1k sf speculative distribution facility on the property, which is located at the southwest corner of North Nellis Blvd and East Carey Ave. Construction will begin in December.

“Las Vegas has grown into one of the top secondary industrial markets in the Western United States during the past five years.” said Marc Berg, Vice President and Regional Director for Rockefeller Group’s West Region. “The Las Vegas industrial market has a limited supply of available land suitable for development, so we were fortunate to have worked with the seller to get a deal done quickly.”

The site is strategically located within a one-day drive to 10 major U.S. cities and Mexico and is in close proximity to Interstate 15 and U.S. Highways 95 and 93. The building is well-sized for the market and will include 32’ clear height, 83 auto-parking stalls, and a 135’ truck court.

“The municipal agencies and civic leaders within the Las Vegas area communities have a reputation for being business-friendly and that has led companies to establish or enlarge distribution facilities there,” said James Wall, Senior Associate for Rockefeller Group. “The current supply for industrial buildings is extremely tight in the Las Vegas area markets, which has the second lowest vacancy rate in the Western United States, so we are confident that there will be strong interest in our project.”

Rockefeller Group was represented by Jason Simon and Rob Lujan of Jones Lang LaSalle’s Las Vegas office. The seller was Las Vegas-based GKT Group, who represented itself in this transaction. HPA Architecture will design the project and Martin Harris Construction will be the general contractor. Rockefeller Group’s civil engineer, Kimley Horn, has extensive experience in Las Vegas.




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