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North Las Vegas Industrial Complex Purchased for $48.6 Mil by the Desert West Region of Lincoln Property Company

11/17/20

The Desert West Region of Lincoln Property Company (LPC) has boosted its newly established Nevada presence with the recent, $48.6 mil purchase of West Craig Industrial Center in North Las Vegas. The new, 343.8k sf ($141/sf) Class A complex gives LPC nine buildings totaling almost 800k sf of Class A industrial space in the region.

Delivered in 2019, West Craig Industrial Center is located on 20 acres at 70-78 W. Craig Rd in North Las Vegas, part of the popular Interstate 15 industrial corridor and minutes from downtown Las Vegas. The portfolio totals three buildings offering 30 - 32 clear height, 91 dock doors with a combination of drive-in and dock-high configurations, ESFR sprinklers and insulated ceilings.

CBREs National Partners Team, led by Darla Longo and Barbara Emmons, represented the property seller, a partnership between Huntington Industrial Partners and Polk Street Industrial. LPC Desert West will provide property management services for the project.

West Craig Industrial Center joins the growing LPC Desert West regional portfolio, spanning Arizona, Nevada, Utah and New Mexico. The company is focused on expanding their footprint in each of these states, increasing an already award-winning presence in Arizona that includes almost 6 msf of development, more than 10 msf of acquisitions and a four-state regional property management portfolio of almost 8 msf of office, industrial and retail product.




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