Three distribution buildings totaling 1.3 million square feet in North Las Vegas have new ownership, with Clarion Partners picking up the Golden Triangle Logistics Center from Washington Capital in a deal that closed Tuesday. The property, which sits near the interchange of Interstate 15 and the Clark County 215 Beltway, was 84 percent leased at the time of sale.
According to CommercialSearch, the purchase price was $206 million, though a separate search-result snippet tied to Newmark, which brokered the transaction, describes the price as undisclosed. Newmark says the complex consists of three distribution facilities spanning 64.5 acres, with 36- to 37-foot clear heights, ESFR sprinkler systems, expansive truck courts, 189 dock-high loading positions and a secured trailer storage yard.
Newmark lists the buildings' addresses as 2555, 2815 and 3375 E. Washburn Road. Andrew Briner and Ken White of Newmark represented the seller in the deal, while Kevin Shannon of Newmark provided executive oversight, per the brokerage's account of the transaction.
A Submarket Already Crowded With Warehouse Space
The site sits in a submarket that carries among the highest industrial supply totals in Las Vegas, though inventory there has grown only modestly over the past two years. That backdrop hasn't stopped deal flow nearby: a warehouse leased to Amazon in the area sold for $124 million earlier in 2026, with PCCP acquiring that asset from Blackstone.
That Amazon-leased building, located at 4550 Nexus Way, measures 813,000 square feet and was completed in summer 2017 as a build-to-suit project, according to the Las Vegas Review-Journal. Elsewhere in North Las Vegas, Artemis Real Estate Partners bought two warehouses totaling 1.2 million square feet in the Apex Industrial Park from VanTrust Real Estate, buildings previously leased to DHL, the newspaper reported separately. One report pegged that combined sale at $190 million, while the Review-Journal's own reported figures of $118.2 million and $74.2 million for the two buildings sum to $192.4 million — a discrepancy the paper's coverage does not resolve.
Clarion's History in the Golden Triangle
This isn't Clarion Partners' first stake in the area. The firm acquired the nearby Golden Triangle Industrial Park in 2021 for $335.6 million, a 2.4 million-square-foot portfolio that CommercialSearch described as built between 1999 and 2007 and 95 percent leased to 24 tenants at the time.
Industrial Market Trends Across Las Vegas
The sale lands amid a broader cooling in new supply across the valley. Newmark's third-quarter 2026 market report shows industrial net absorption of 1.8 million square feet outpacing 1.5 million square feet of deliveries, pushing vacancy down to 12.3 percent, a 30-basis-point drop from the prior quarter. North Las Vegas led all submarkets with that same 1.8 million square feet of net absorption.
Construction activity has slowed accordingly: industrial projects under way across Las Vegas fell to 4.6 million square feet, or 2.5 percent of existing inventory, the lowest level since 2020, per the same Newmark data. Available sublease space also declined to 2.5 million square feet, the first drop after four straight quarterly increases, representing 1.4 percent of inventory. Separately, PropertyShark reported 59 industrial and warehouse listings for lease in North Las Vegas, making up nearly 65 percent of the city's total leasing inventory as of early October.
For Clarion, the latest acquisition adds another leased, built property to a regional portfolio the firm has been expanding since 2021, in a submarket where available space keeps tightening even as overall supply remains elevated.
