12/12/2022 0 Comments Gid industrial![]() ![]() In a partnership with SunCap Property Group, the firm has recently acquired 26 acres of land in the region that will be used to build two light industrial buildings totaling 467,000 square feet. ![]() GID Industrial has a significant presence in the Las Vegas market, in addition to the five industrial properties within Nellis Industrial Park. The portfolio consists of GID’s industrial assets and the properties that Ivanhoé owned under its Evergreen Industrial brand. GID Industrial was created as an investment platform between GID and Ivanhoé Cambridge in April 2021. The industrial campus is also located near I-15 and Craig Road, connecting it to downtown Las Vegas and other nearby cities in Nevada. Nellis Industrial Park is fully occupied with 21 tenants occupying 22 suites. The industrial park’s facilities were built with a total of 70 dock doors and range from 20- to 24-foot clear heights. The remaining five buildings total 433,270 square feet and make up Nellis Industrial Park in the North Las Vegas submarket. READ ALSO: How Migration Trends Impact Industrial, Office Real Estate The portfolio is currently occupied by 33 tenants. The properties in the Maryland portfolio offer a total of 180 dock doors with 18- to 24-foot clear heights and a wide range of suite sizes. The overall acquisition includes 14 buildings, of which nine buildings totaling 959,570 square feet are located in Maryland’s Baltimore City and Howard County. The firm acquired the two portfolios from Link Logistics for an undisclosed price. More information is available at Industrial is both entering the Baltimore-Washington, D.C., market and expanding its North Las Vegas footprint with its latest acquisition of two industrial portfolios totaling 1.4 million square feet. The current portfolio includes over 46,000 residential units, more than 20 million square feet of industrial space, and one million square feet of retail and office space. With corporate offices in Atlanta, Boston, Dallas, New York and San Francisco, GID is an experienced real estate private equity investor and manager supported by an integrated operating platform and has 60+ years of experience across multiple asset classes. GID's existing and under-development properties are valued at over $26.7 billion as of March 31, 2022. GID is a privately-held, vertically-integrated real estate company that owns and operates a portfolio of multifamily and industrial assets, as well as develops mixed-use projects. To learn more about GID Industrial, visit gid.com/industrial. With close proximity to 1-15 and Craig Road, this transaction expands GID Industrial's presence in the market, complementing the recent acquisition of SunPoint Commerce Center, an active JV development located just four miles away. Nellis Industrial Park features 70 dock doors with 20'-24' clear heights and a wide range of suite sizes. The portfolio is 100 percent leased with 21 tenants occupying 22 suites. The North Las Vegas Portfolio, known as Nellis Industrial Park, comprises five buildings totaling 433,270 square feet. This is GID Industrial's first acquisition in the Baltimore-Washington Corridor, representing significant capital deployment and immediate scale in a highly desirable market. The portfolio is currently occupied by 33 diverse tenants and offers 180 dock doors with 18'-24' clear heights, as well as a wide range of suite sizes. GID Acquires Two Industrial Portfolios totaling 1. Totaling 959,570 square feet, the I-95 Baltimore-Washington Corridor portfolio comprises nine buildings with locations in Baltimore City and Howard County. ATLANTA, JGID Industrial announced today it has acquired two industrial portfolios located in the I-95 Baltim. ![]()
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