In a joint venture partnership, GID Industrial and SunCap Property Group announced today that they have acquired 26± acres in the North Las Vegas submarket. The partnership will develop SunPoint Commerce Center, comprising of two light industrial buildings totaling 467,000 square feet.

Located at the corner of Cheyenne Avenue. and North. Commerce St., the properties will feature 32’ foot clear height, 104 doors and up to eight suites.

“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.”

Construction will begin on this summer, with shell completion expected in 2024, and project completion expected by summer 2025.