DALLAS, April 26, 2018 /PRNewswire/ -- Colony
Industrial announced today that it has acquired a two-building
warehouse portfolio at Henderson Freeways Crossing in the
Henderson submarket of
Las Vegas, NV. Colony Industrial
is the industrial platform of Colony NorthStar (NYSE: CLNS), a
diversified global real estate investment firm with $43 billion of assets under management.
The two Class A light industrial buildings at Henderson Freeways
Crossing, located at 8385 and 8390 Eastgate Road in Henderson, NV, south of Las Vegas, total 363,450 square feet. These
recently constructed buildings are 45% leased to five high-quality
tenants. The buildings are strategically located with immediate
access to Interstate 215 (Las
Vegas' perimeter highway) and Interstate 515 (north-south
corridor from downtown Las Vegas),
which provide convenient access to Interstate 15 (major national
north-south corridor).
Lew Friedland, Colony NorthStar
Managing Director and head of Colony Industrial, said,
"Las Vegas has the investment
attributes we like – good growth, with low vacancies and strong
demand for well-located, "last mile" warehouse space. This latest
addition to our Las Vegas
portfolio is strategically located near major roadways and near
leading national and international corporations and will help us
achieve critical mass in this market."
The two-building portfolio at Henderson Freeways Crossing is
Colony Industrial's third investment in Las Vegas over the last year.
CBRE's Kevin Higgins acted as
real estate broker on the transaction.
About Colony Industrial
Headquartered in Dallas, TX, Colony Industrial is the
industrial platform of Colony NorthStar (NYSE: CLNS), a diversified
global real estate investment firm with $43
billion of assets under management. The platform owns and
manages over 45 million square feet of warehouse buildings in 18
major markets across the United
States as of March 31, 2018.
Its diversified tenant base includes major national B2B, B2C,
wholesale and consumer businesses. For more information, visit
www.clns.com/industrial.
About Colony NorthStar
Colony NorthStar, Inc. (NYSE:CLNS) is a leading
global real estate and investment management firm. Colony
NorthStar has significant property
holdings in the healthcare, industrial and hospitality sectors,
other equity and debt investments and an embedded institutional and
retail investment management business. Colony NorthStar currently has assets under
management of $43 billion and manages
capital on behalf of its stockholders, as well as institutional and
retail investors in private funds, non-traded and traded real
estate investment trusts and registered investment companies. The
firm maintains principal offices in Los
Angeles and New York, with
approximately 500 employees in offices located across 18 cities in
ten countries. Colony NorthStar
will elect to be taxed as a REIT for U.S. federal income tax
purposes. For additional information regarding Colony NorthStar and
its management and business, please refer to www.clns.com.
Contacts:
For Colony Industrial
Blicksilver PR
Lisa Baker
914-725-5949
lisa@blicksilverpr.com
or
Caroline Luz
203-656-2829
caroline@blicksilverpr.com
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SOURCE Colony Industrial