The asset involved in the transaction is a three-building Class A industrial portfolio located at 3837, 3717 Bay Lake Trail & 3200 East Gowan Road in North Las Vegas. The sale price of the property was $175,000,000, encompassing a total square footage of 1,046,211 SF, resulting in a price per square foot of $167. The property consists of 50 acres and is fully leased, which includes prominent tenant Amazon.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $175,000,000
• Date of Transaction: 06/11/2025
• Buyer: Nathaniel Hagedorn - NorthPoint Development
• Seller: Luke Petherbridge - Link Logistics
• Brokers: Michael Kendall, Gian Bruno & Kenny Patricia - Colliers
• Lender: RGA Reinsurance
• Mortgage Brokers: Jeremy Thornton, Nicole Sayers & Andrew Gibson - Colliers
• Price per Square Foot: $167
• Market Average Price per Square Foot (Q1): $204

The acquisition included a significant loan amount of $112.5 million provided by RGA Reinsurance. This transaction was facilitated by Colliers, representing the buyer and seller in the deal, highlighting the involvement of their brokers in this major industrial property deal.