CBRE’s Industrial & Logistics Higgins-Toft Team Closes Out 4th Quarter 2021 with a Bang!

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SALES:

Link Logistics Real Estate, investor, purchased three industrial buildings totaling approximately 1.138 million sq. ft. located at 4640 Nexus Way and 5840 & 5430 Donovan Way for $204 million. Kevin Higgins, SIOR, & Garrett Toft, SIOR, of CBRE represented the seller.

AXA Real Estate Investment Managers US, LLC, investor, purchased approximately 635,903 sq. ft. of industrial space located at 4141 Distribution Circle, 2628 E. Lone Mountain Rd. & 6565 Nascar St. and 1386 Pama Ln. for $118 million. Kevin Higgins, SIOR, & Garrett Toft, SIOR, of CBRE represented the seller.

Intercontinental Real Estate Corporation, investor, purchased an approximately 147,000 sq. ft. industrial building located at 11500 Bermuda Rd. for $81.25 million. Kevin Higgins, SIOR, & Garrett Toft, SIOR, of CBRE represented the seller.

Blackstone Real Estate/Link Logistics Real Estate, investor, purchased an approximately 121,875 sq. ft. industrial building in Procyon Distribution Center located at 6025 Procyon St. for $31.5 million. Garrett Toft, SIOR, and Kevin Higgins, SIOR, of CBRE represented the seller.

Phelan Development Company, Inc. purchased approximately 26.29 acres of vacant industrial land located at W. Badura Ave & S. Cimarron Rd. for $30 million. Garrett Toft, SIOR, of CBRE represented the buyer.

D.R. Horton, Inc. purchased approximately 21.33 acres of vacant land located at S. Decatur Blvd. & Grand Teton Dr. for $9.79 million. Kevin Higgins, SIOR, of CBRE represented the seller.

MCA Realty, Inc. purchased an approximately 19,109 sq. ft. industrial investment property located at 6460, 6466, 6472 & 6478 Windy Rd. for $3.5 million. Kevin Higgins, SIOR, of CBRE represented both the seller and the buyer.

S.L. Properties, LLC purchased an approximately 13,218 sq. ft. industrial/flex building located at 3230 S. Valley View Blvd. for $2.97 million. Garrett Toft, SIOR, of CBRE represented the seller & Jake Higgins of CBRE represented the buyer.

AKAP, LLC purchased an approximately 14,000 sq. ft. office/flex building located at 1900 Western Ave. for $2.0 million. Sean Zaher of CBRE represented the seller.

MI Land, LLC purchased approximately 6.32 acres of vacant industrial land located at 12365 Apex Great Basin Way for $775 thousand. Kevin Higgins, SIOR, represented the buyer.

LEASES:

Schenker, Inc. leased approximately 393,120 sq. ft. of industrial space at South 15 Airport Center located at 12010 Bermuda Rd. in Henderson. Sean Zaher of CBRE represented the lessee.

An undisclosed user leased approximately 208,314 sq. ft. of industrial space at Silver State Commerce Center located at 4230 N. 5th St. in North Las Vegas. Garrett Toft, SIOR, and Sean Zaher of CBRE represented the lessor.

Brothers Trading co., Inc. expanded their lease with approximately 196,653 sq. ft. of industrial space at Golden Triangle Logistics Center located at 3195 E. Washburn Rd. in North Las Vegas. Kevin Higgins, SIOR, of CBRE represented the lessor.

Nordis, Inc. renewed their lease of approximately 13,613 sq. ft. of industrial space at Hughes Airport Center located at 1111 Grier Dr. in Las Vegas. Jake Higgins of CBRE represented the lessor.

PTAC Crew, LLC leased approximately 10,017 sq. ft. of industrial space at Cheyenne Distribution Center located at 2875 N. Lamb Blvd. in Las Vegas. Sean Zaher of CBRE represented the lessor.

Cork Distributors, LLC leased approximately 8,607 sq. ft. of industrial space at Hughes Airport Center located at 950 Pilot Rd. in Las Vegas. Jake Higgins of CBRE represented both the lessor and the lessee.

AZ Sun Services, LLC leased approximately 5,605 sq. ft. of industrial space at Pacific Business Center located at 1125 American Pacific Dr. in Henderson. Jake Higgins of CBRE represented the lessor.

Terrafugia, Inc. leased approximately 5,433 sq. ft. of industrial space at Hughes Airport Center located at 6700 Paradise Rd. in Las Vegas. Kelsey Higgins of CBRE represented the lessor.

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