LAS VEGAS–(BUSINESS WIRE) – Cushman & Wakefield (NYSE: CWK) announced that it has represented Prologis, Inc., a global leader in logistics real estate, on the acquisition of Safari Business Park, a 441,569 square foot (sf) industrial park in Las Vegas, Nevada. The property consists of five multi-tenant buildings at 7650-7850 Dean Martin Dr, positioned at Interstate 15 and Blue Diamond Rd intersection. The seller was Black Bongo, LP.
Greg Tassi, SIOR, Donna Alderson and Nick Abraham from Cushman & Wakefield in Las Vegas represented the buyers in the acquisition. The company was also won over to Project Leasing, which was run by Tassi and Abraham together with Mathias Hughes and Lisa Brady from Prologis.
At the time of sale, the park was approximately 82% leased, with the available lettable suites currently between approximately 10,280 sf and 15,300 sf. Each suite has multiple dock loading doors and a step door. The property can host a variety of industrial uses including e-commerce and logistics.
Cushman & Wakefield’s more than 1,000 logistics and industrial services experts worldwide provide local market knowledge and strategies for manufacturing, logistics, warehousing and supply chain. According to Cushman & Wakefield Research, the third quarter of 2021 was another record quarter for the U.S. industrial market, with demand, rents, and the construction pipeline continuing to hit new heights.
About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global real estate services company delivering exceptional value to real estate users and owners. With around 50,000 employees in over 400 offices and 60 countries, Cushman & Wakefield is one of the largest real estate services companies. In 2020, the company had sales of $ 7.8 billion in its core services of real estate, facilities and project management, leasing, capital markets, valuation and other services. To find out more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.
