Rising Realty Partners Expands Footprint in Las Vegas
Rising Realty Partners acquires Northport Industrial Center, expanding its footprint in the Las Vegas market. Building on RRP’s nearby asset, the 127,312 square foot acquisition is the eighth MTLI property added to the company's portfolio.
Rising Realty Partners has acquired Northport Industrial Center, a 127,527 square foot, six-building industrial park adjacent to Rising-owned property, Cheyenne Airport Center, in North Las Vegas, Nevada. The property represents Rising’s eighth industrial asset.
Northport Industrial Center is located within the blossoming North Las Vegas submarket, with excellent access to regional demand drivers and national supply routes. The property is 100% leased to a diverse tenant mix, including FedEx, UPS, and Amazon.
“This is a terrific asset that allows us to build upon the success of our other property through operational efficiencies and harnessing economies of scale,” said John Golden, Senior Vice President of Investments for Rising Realty Partners.
Northport Industrial Center is located along the Cheyenne Technology Corridor, adjacent to the North Las Vegas Airport. RRP announced the expansion of its investment platform to include industrial sector acquisitions in 2020.
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