Two of North Las Vegas’ biggest question marks just found an answer. DHL has leased the two remaining vacant warehouses at VanTrust Real Estate’s Vantage North development in Apex Industrial Park, taking roughly 1.2 million square feet of space along Interstate 15 north of the Las Vegas Strip. The deal wipes two large speculative buildings off the “empty” list and plants a global logistics heavyweight in North Las Vegas.
According to the Las Vegas Review-Journal, Jenna Borcherding, senior director of development with VanTrust, said DHL will operate the buildings as a third-party logistics provider for a client the company declined to identify. The outlet notes that DHL’s supply-chain division employs about 188,000 full-time workers and operates in more than 50 countries. A company spokesperson did not respond to requests for comment.
What DHL Is Moving Into
VanTrust’s property listings put Vantage North One at about 445,954 square feet and Vantage North Three at about 763,872 square feet, giving DHL a combined footprint just over 1.2 million square feet. Both buildings are modern cross-dock distribution facilities designed for high-volume e-commerce and retail logistics, according to VanTrust Real Estate.
Why The Lease Matters For Apex
The lease takes a major block of space off the market in a region that cooled after a pandemic-era construction surge, when developers rushed to pour concrete for large warehouses. Clark County records show the buildings were completed in 2023 and 2024, and VanTrust acquired roughly 350 acres in Apex in 2021 with plans for a multi-million-square-foot campus. The developer also sold about 205 acres in Apex to Novva Data Centers for nearly $181 million last summer, according to the Las Vegas Review-Journal. When the DHL lease surfaced, Borcherding told the paper, “we had to make it happen.”
One of the Vantage North buildings, the center facility that had been pre-leased to Saddle Creek Logistics Services, was sold to Saddle Creek for about $96.8 million after it opened in early 2024, industry transaction reports show. That purchase, paired with the new DHL leases, represents a wave of occupancy that brokers say could spur more development in the Apex submarket, according to Connect CRE.
Local brokers say landing a major third-party logistics operator like DHL sends a signal that, even with slower leasing in recent months, Southern Nevada’s logistics corridor still holds sway with national supply-chain players. For Vantage North and North Las Vegas, the DHL deal trims the glut of speculative space and may tempt other landlords to test the waters again.
