CapRock Partners has recently acquired 85 acres of undeveloped land in North Las Vegas for the future development of CapRock Highlander Logistics Center, a state-of-the-art Class A logistics complex. The project will consist of two separate warehouse buildings with a combined total space of approximately 1.48 million square feet.
During an extended escrow period, CapRock successfully obtained entitlements for the site and then proceeded to acquire it from a private seller through off-market negotiations. Details regarding the terms of this transaction have not been disclosed at this time. Construction is slated to commence in 2024 and completion is expected by 2025.
The strategically located site for CapRock Highlander Logistics Center lies west of Interstate-15 and boasts direct access via Las Vegas Blvd N (Hwy91) on/off ramp.
Plans are underway for one building that will offer around one million square feet featuring an impressive array including164 dock-high doors, four ground-level doors as well as speculative office space while another smaller building spanning approximately460.8k sf will feature82 dock-high doors,four ground-level door sand also include speculative office space.A team from Cushman & Wakefield played dual roles; they both brokered the deal while securing equity financingforthe project.
CapRock Partners has made headlines with their recent acquisition – purchasing over eighty-five acresof untouched land in North Las Vegas.This purchase marks their plans to developa cutting-edge logistics center known as “Caprock Highlander”. This industrial hubwill be comprisedof two freestanding warehouses totaling up to1 .48million square feetin size.Caprock’s dedicated efforts duringanextended escrow period led themto secure entitlementsforthis prime location before finalizingtheoff-market dealwitha private seller.The details surrounding this successful negotiationhave yetto be revealed.Constructionis scheduledtobeginin2024,andcompletioncanbeexpectedbythefollowingyear(2025).
The site of CapRock Highlander Logistics Center is conveniently situated west of Interstate 15, with direct access via the Las Vegas Blvd N. (Hwy 91) on/offramp.
Plans for the larger building include a spacious one million square feetof space,with164 dock-high doors,four ground-level doors,and speculative office space.The smaller building will span approximately460.8k sf and feature82 dock-high doors,four ground-level door sand also offer speculative office space.A team from Cushman & Wakefield played an integral role in this project by both brokeringthe dealand securing equity financingfor it.
