{"id":1004761245,"date":"2025-06-11T03:03:32","date_gmt":"2025-06-11T11:03:32","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004761245"},"modified":"2025-06-11T04:24:30","modified_gmt":"2025-06-11T12:24:30","slug":"blackstone-unit-sells-vegas-industrial-park-for-175m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/blackstone-unit-sells-vegas-industrial-park-for-175m\/","title":{"rendered":"Blackstone Unit Sells Vegas Industrial Park for $175M"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure data-wp-context=\"{&quot;imageId&quot;:&quot;6a0dcdcd405ce&quot;}\" data-wp-interactive=\"core\/image\" class=\"alignright size-full is-resized wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" width=\"1387\" height=\"1040\" data-attachment-id=\"1004761246\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/blackstone-unit-sells-vegas-industrial-park-for-175m\/3837baylaketrail_blackstone_colliers_northpoint\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/06\/3837BayLakeTrail_Blackstone_Colliers_Northpoint.jpg\" data-orig-size=\"1387,1040\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"3837BayLakeTrail_Blackstone_Colliers_Northpoint\" data-image-description=\"&lt;p&gt;Properties at 3837 and 3717 Bay Lake Trail, 3200 E. Gowan Road, North Las Vegas, Nev.&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;Occupying north of 50 acres, the three buildings debuted between 2003 and 2007. Image courtesy of Colliers&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/06\/3837BayLakeTrail_Blackstone_Colliers_Northpoint.jpg?w=1024\" data-wp-class--hide=\"state.isContentHidden\" data-wp-class--show=\"state.isContentVisible\" data-wp-init=\"callbacks.setButtonStyles\" data-wp-on-async--click=\"actions.showLightbox\" data-wp-on-async--load=\"callbacks.setButtonStyles\" data-wp-on-async-window--resize=\"callbacks.setButtonStyles\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/06\/3837BayLakeTrail_Blackstone_Colliers_Northpoint.jpg\" alt=\"Aerial shot of the Las Vegas Logistics Center, a 1 million-square-foot industrial park in North Las Vegas, Nev.\" class=\"wp-image-1004761246\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/06\/3837BayLakeTrail_Blackstone_Colliers_Northpoint.jpg 1387w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/06\/3837BayLakeTrail_Blackstone_Colliers_Northpoint.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/06\/3837BayLakeTrail_Blackstone_Colliers_Northpoint.jpg?resize=768,576 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/06\/3837BayLakeTrail_Blackstone_Colliers_Northpoint.jpg?resize=1024,768 1024w\" sizes=\"auto, (max-width: 1387px) 100vw, 1387px\" \/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\taria-label=\"Enlarge\"\n\t\t\tdata-wp-init=\"callbacks.initTriggerButton\"\n\t\t\tdata-wp-on-async--click=\"actions.showLightbox\"\n\t\t\tdata-wp-style--right=\"state.imageButtonRight\"\n\t\t\tdata-wp-style--top=\"state.imageButtonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><figcaption class=\"wp-element-caption\">Occupying north of 50 acres, the three buildings debuted between 2003 and 2007. <em>Image courtesy of Colliers<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>NorthPoint Development has acquired Las Vegas Logistics Center, a Class A industrial portfolio spanning 1 million square feet across three facilities in North Las Vegas, Nev. This transaction marked one of the market\u2019s largest infill industrial deals of the year.<\/p>\n\n\n\n<p>Blackstone\u2019s Link Logistics sold the collection for $175 million, while RGA Reinsurance Co. issued a $112.5 million acquisition note for NorthPoint, according to public records. Colliers brokered the deal and arranged the financing.<\/p>\n\n\n\n<p>The trio carries the addresses 3837 and 3717 Bay Lake Trail, as well as 3200 E. Gowan Road. Sitting on more than 50 acres, the facilities are roughly 5 miles northeast of downtown Las Vegas. Interstate 15 runs within 2 miles, while the North Las Vegas Airport operates some 7 miles away.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ ALSO<\/strong>: <a href=\"https:\/\/www.commercialsearch.com\/news\/specialized-demand-industrials-next-chapter\/\">Specialized Demand: Industrial\u2019s Next Chapter<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p>Las Vegas Logistics Center encompasses a 2007-built facility spanning 513,240 square feet, as well as two buildings completed in 2003 and 2005, which measure 266,811 and 266,160 square feet, respectively. The warehouses have clear heights ranging between 30 and 32 feet and a total of 202 dock doors, among other specifications. <\/p>\n\n\n\n<p>Additionally, the collection was fully leased at closing and had a weighted average lease term of 3.4 years. The tenant roster included Amazon, which operates its only returns-focused distribution center in metro Las Vegas from the site.<\/p>\n\n\n\n<p>Colliers Vice Chair Michael Kendall, Senior Vice President Gian Bruno and Vice President Kenny Patricia brokered the deal on behalf of both entities. Executive Vice President Jeremy Thornton and Senior Vice Presidents Nicole Sayers and Andrew Gibson arranged the debt placement. Vice Chairs Dan Doherty and Paul Sweetland, as well as Executive Vice President Jerry Doty, provided market insight and leasing support.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-blackstone-s-latest-industrial-moves\">Blackstone&#8217;s latest industrial moves<\/h2>\n\n\n\n<p>The sale marked the latest in a series of dispositions by Blackstone. The private equity giant kicked off 2025 by selling a <a href=\"https:\/\/www.commercialsearch.com\/news\/goldman-sachs-dalfen-pay-293m-for-blackstone-industrial-portfolio\/\">2.1 million-square-foot industrial collection<\/a> to Goldman Sachs and Dalfen Industrial for $293 million. The portfolio spanned markets such as Dallas, Philadelphia and Las Vegas, among others.<\/p>\n\n\n\n<p>More recently, Blackstone sold another industrial asset, this time a 200,000-square-foot facility in the City of Industry, Calif. <a href=\"https:\/\/www.commercialsearch.com\/news\/blackstone-division-sells-la-facility-for-65m\/\">MSI Computers Corp. paid<\/a> $65.2 million for the facility.<\/p>\n\n\n\n<p>The company\u2019s industrial dealings don\u2019t stop at divestitures. In March, Blackstone <a href=\"https:\/\/www.commercialsearch.com\/news\/blackstone-closes-8b-real-estate-debt-fund\/\">closed its Real Estate Debt Strategies V<\/a> fund at $8 billion. And just last week, the company <a href=\"https:\/\/www.commercialsearch.com\/news\/blackstone-provides-231m-for-ios-portfolio\/\">originated a $231 million refinancing<\/a> note for a 293-acre industrial outdoor storage portfolio owned by Jadian Capital.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-investor-industrial-appetite-grows-in-vegas\">Investor industrial appetite grows in Vegas<\/h2>\n\n\n\n<p>Greater Las Vegas\u2019 <a href=\"https:\/\/www.commercialsearch.com\/news\/top-markets-for-industrial-transactions\/\">industrial investment volume<\/a> reached $620 million during the first quarter, according to a Colliers report. About 3 million square feet of product changed hands in 46 transactions\u2014nearly matching the entire sales activity of 2024.<\/p>\n\n\n\n<p>Assets traded on average for nearly $204 per square foot during the first three months of 2025, the same source shows. Las Vegas Logistics Center was slightly cheaper, commanding a price of $167 per square foot.<\/p>\n\n\n\n<p>In February, <a href=\"https:\/\/www.commercialsearch.com\/news\/mdh-partners-enters-las-vegas-with-94m-buy\/\">MDH Partners entered the market<\/a> with the $94 million acquisition of a 509,000-square-foot park. Blackstone&#8217;s Link Logistics also sold that asset, dubbed Sunrise Industrial Park.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This is one of the region\u2019s largest deals of its kind this year.<\/p>\n","protected":false},"author":3471,"featured_media":1004761246,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21808,21748,21783,1593,21742,15],"tags":[32892,35498,51531,38189],"class_list":["post-1004761245","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-industrial","category-investment","category-las-vegas","category-latest","category-west","tag-blackstone","tag-colliers","tag-link-logistics","tag-northpoint-development"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Blackstone Unit Sells Vegas Industrial Park for $175M - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"NorthPoint Development paid $175 million for Las Vegas Logistics Center in North Las Vegas, Nev. 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