{"id":1004603300,"date":"2022-09-21T11:18:28","date_gmt":"2022-09-21T19:18:28","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004603300"},"modified":"2022-12-08T15:47:31","modified_gmt":"2022-12-08T23:47:31","slug":"novva-data-centers-pays-45m-for-las-vegas-facility","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/novva-data-centers-pays-45m-for-las-vegas-facility\/","title":{"rendered":"Novva Data Centers Pays $45M for Las Vegas Facility"},"content":{"rendered":"
\"\"<\/a>

Tropical Distribution Center Building IV. Image courtesy of VanTrust Real Estate<\/p><\/div>\n

Novva Data Centers<\/strong> has acquired the recently completed Building IV within the 1.6 million-square-foot <\/span>Tropical Distribution Center industrial development in Las Vegas. According to Clark County Records, VanTrust Real Estate<\/strong> sold the 246,400-square-foot property for $45.2 million.<\/p>\n

Novva has already started work on its 100-megawatt facility at the location, planned for completion in 2023 and representing the company’s first property in Nevada. HPA Architecture<\/strong> was the designer of the building, while <\/span>Martin-Harris Construction<\/strong> acted as general contractor.<\/span><\/p>\n

Tropical Distribution Center is a 120-acre industrial park in North Las Vegas, with its <\/span>tenant roster including Sephora. In 2020, VanTrust sold the 855,000-square-foot <\/span>Building 1 to <\/span>Preylock Holdings<\/strong> in a blockbuster deal<\/a>. The property represents the largest Amazon-leased facility in the state.<\/span><\/p>\n

Building IV is a Class A industrial facility that sits on 15.3 acres at 6115 N. Nico Way, providing access to interstates 15 and 215 via Tropical Parkway. It features 36-foot clear heights, 43 dock high doors, two grade-level doors and a large truck court. Additionally, 51 trailer parking spaces and 203 car parking spots are also part of the property.<\/p>\n

Other industrial facilities in the area include Packaging Corp. of America, Bed Bath & Beyond, Niagara Bottling and FedEx, among others.<\/p>\n

VanTrust’s active industrial portfolio<\/h2>\n

Since the beginning of the year, VanTrust broke ground on several industrial facilities in various parts of the U.S. In April, the company started construction on Peoria Logistics Park<\/a>, a 157,000-square-foot build-to-suit distribution center for Frito Lay, located in Peoria, Ariz. That same month, the company acquired a developing site in the Cornerstone industrial area of San Antonio, to build 413,173 square feet of speculative space<\/a> across two buildings.<\/p>\n

VanTrust\u2019s projects in Las Vegas also include the eight-building Northgate Distribution Center, a 3.5 million-square-foot industrial park and Vantage North<\/a>, a 4.5 million-square-foot development. The first two spec buildings at Vantage North are scheduled for completion in October 2023.<\/p>\n","protected":false},"excerpt":{"rendered":"

VanTrust Real Estate was the seller of the recently completed asset.<\/p>\n","protected":false},"author":2829,"featured_media":1004603302,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21755,21748,21783,21742,15],"tags":[38029,51694,33102],"class_list":["post-1004603300","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-data-centers","category-industrial","category-investment","category-latest","category-west","tag-hpa-architecture","tag-novva-data-centers","tag-vantrust-real-estate"],"acf":[],"yoast_head":"\nNovva Data Centers Pays $45M for Las Vegas Facility - CPE<\/title>\n<meta name=\"description\" content=\"Novva Data Centers acquired Building IV at Tropical Distribution Center in Las Vegas from VanTrust Real Estate for $45.2 million.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/novva-data-centers-pays-45m-for-las-vegas-facility\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Novva Data Centers Pays $45M for Las Vegas Facility\" \/>\n<meta property=\"og:description\" content=\"Novva Data Centers acquired Building IV at Tropical Distribution Center in Las Vegas from VanTrust Real Estate for $45.2 million.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/novva-data-centers-pays-45m-for-las-vegas-facility\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2022-09-21T19:18:28+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T23:47:31+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/09\/TropicalIV-e1663665158285.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"900\" \/>\n\t<meta property=\"og:image:height\" content=\"675\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Madalina Pojoga\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/novva-data-centers-pays-45m-for-las-vegas-facility\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/novva-data-centers-pays-45m-for-las-vegas-facility\/\",\"name\":\"Novva Data Centers Pays $45M for Las Vegas Facility - CPE\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/novva-data-centers-pays-45m-for-las-vegas-facility\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/novva-data-centers-pays-45m-for-las-vegas-facility\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/09\/TropicalIV-e1663665158285.jpg\",\"datePublished\":\"2022-09-21T19:18:28+00:00\",\"dateModified\":\"2022-12-08T23:47:31+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/7ced0369df035c845a1e5d647c62dd7a\"},\"description\":\"Novva Data Centers acquired Building IV at Tropical Distribution Center in Las Vegas from VanTrust Real Estate for $45.2 million.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/novva-data-centers-pays-45m-for-las-vegas-facility\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/novva-data-centers-pays-45m-for-las-vegas-facility\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/novva-data-centers-pays-45m-for-las-vegas-facility\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/09\/TropicalIV-e1663665158285.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/09\/TropicalIV-e1663665158285.jpg\",\"width\":900,\"height\":675,\"caption\":\"Tropical Distribution Center Building IV. 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