GID Industrial and SunCap Property Group have acquired 26+ acres in the North Las Vegas submarket.
The properties will feature 32′ foot clear height, 104 doors, and up to eight suites. GID is a real estate company that owns and operates a portfolio of multifamily and industrial assets and develops mixed-use projects across the United States. SunCap Property Group is a commercial real estate development, investment and advisory firm.
“With strong leasing fundamentals and record low vacancy, Las Vegas is a natural fit for our growing industrial portfolio,” says Michael Wenaas, chief investment officer of GID Industrial. “We expect that SunPoint Commerce Center will provide much-needed infill opportunities in this area.”