Las Vegas, NV, June 10, 2025 – Colliers announced today it has completed the sale and arranged acquisition financing for the Las Vegas Logistics Center, a fully leased Class A industrial portfolio totaling 1,046,211 square feet across three buildings in North Las Vegas. The portfolio was acquired by NorthPoint Development and includes 3837 Bay Lake Trail, 3717 Bay Lake Trail and 3200 E Gowan Road, all strategically located near Interstate 15, Harry Reid International Airport and the Union Pacific railyard.
Spanning 50.4 acres, the assets are 100 percent leased to a diversified roster of five tenants including Amazon, which operates its only returns-focused distribution center in the Las Vegas market from the site.
Colliers’ West Region Industrial Capital Markets team, led by Vice Chair Michael Kendall, Senior Vice President Gian Bruno and Vice President Kenny Patricia, represented both parties in the sale.
“The transaction reflects the power of Colliers’ fully integrated capital markets platform,” said Michael Kendall. “From initial strategy through sale and financing, our team’s aligned market intelligence, strategic advisory and execution delivered a seamless outcome on one of the region’s most significant logistics trades of the year.”
“This was a smooth, well-executed transaction from start to finish,” said Wakeel Rahman of NorthPoint Development. “Colliers brought deep market insight and strong coordination to every stage of the process. Everyone involved contributed to an efficient and collaborative experience and we’re excited about the long-term value of this portfolio.”
In addition to brokering the sale, Colliers arranged acquisition financing as part of the deal. Executive Vice President Jerremy Thornton and Senior Vice Presidents Nicole Sayers and Andrew Gibson placed the debt. Vice Chairs Dan Doherty and Paul Sweetland, along with Executive Vice President Jerry Doty, provided local market insight and leasing support throughout the transaction process.
Las Vegas Logistics Center features institutional-grade specifications including 30- to 32-foot clear heights, 202 dock-high doors, deep concrete truck courts and generous trailer and auto parking. At the time of sale, the portfolio had a weighted average lease term of 3.4 years with tenants across e-commerce, mobility, manufacturing and event logistics.
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For further information, please contact:
Media Contact
Bryan Welch
Director, PR & Communications
U.S. West Region
bryan.welch@colliers.com
About Colliers
Colliers is a global diversified professional services and investment management company. Operating through three industry-leading platforms – Real Estate Services, Engineering, and Investment Management – we have a proven business model, an enterprising culture, and a unique partnership philosophy that drives growth and value creation. For 30 years, Colliers has consistently delivered approximately 20% compound annual returns for shareholders, fueled by visionary leadership, significant inside ownership and substantial recurring earnings. With nearly $5.0 billion in annual revenues, a team of 23,000 professionals, and more than $100 billion in assets under management, Colliers remains committed to accelerating the success of our clients, investors, and people worldwide. Learn more at corporate.colliers.com, X @Colliers or LinkedIn.
