Doherty Industrial Group Completes $14.5M Transaction Of Distribution Center Near I-15 & Cheyenne

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LAS VEGAS (April 14, 2021) – Doherty Industrial Group with Colliers Las Vegas completed a North Las Vegas transaction valued at $14.5 million located at 3679 N. Civic Center Drive.

Representing the seller, Doherty Industrial Group facilitated the sale of Civic Center Freeway Industrial Park to an undisclosed buyer. The 118,021-square-foot industrial property is a newly developed distribution facility located near Interstate 15 and Cheyenne Avenue – a location that is ideal for distribution operations as it provides easy access to interstate transportation.

“North Las Vegas is a highly desirable submarket for owner-user buyers as this is the third 100,000 plus square foot industrial building that has been purchased in North Las Vegas in the last 60 days. As 2021 unfolds, we expect the current demand for industrial tenants and buyers to continue a strong upward trajectory throughout the Las Vegas valley,” said Paul Sweetland, SIOR, Senior Vice President at Colliers Las Vegas.

Dan Doherty, SIOR, Paul Sweetland, SIOR, Chris Lane, SIOR, CCIM and Jerry Doty, SIOR of Colliers International represented the seller, Civic Center Industrial Owner LLC. Doherty Industrial Group has secured a total of $494 million in transactions resulting in 12.2 million square feet of secured industrial property and a total of 161 transactions in 2020.

For more information about Doherty Industrial Group visit, http://industrial.vegas.

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For further information please contact:

Maddie Skains | MassMedia

702-433-4331 | mskains@massmediacc.com

About Colliers International

Colliers International (NASDAQ, TSX: CIGI) is a leading diversified professional services and investment management company. With operations in 68 countries, our more than 15,000 enterprising professionals work collaboratively to provide expert advice to maximize the value of property for real estate occupiers, owners and investors. For more than 25 years, our experienced leadership, owning approximately 40% of our equity, has delivered compound annual investment returns of almost 20% for shareholders. In 2019, corporate revenues were more than $3.0 billion ($3.5 billion including affiliates), with $33 billion of assets under management in our investment management segment. Learn more about how we accelerate success at corporate.colliers.com, Twitter @Colliers or LinkedIn.

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