EBS dial 91 acres LV Industrial Site – Connect Cre

EBS Realty Partners (EBS) and Penwood Real Estate Investment Management (Penwood) have acquired 9150 N Terryl B Adams Street, a 90.96 acres industrial development site in the Apex Industrial Park in North Las Vegas.

The partnership will develop the site as Apex Ridge, which will consist of two state-of-the-art facilities for class A industrial logistics facilities for a total value of 1.36 million square feet. The justified is evaluated for Q2 or Q3 of 2025.

EBS and Penwood acquired the property for $ 31 million from Ball Metal Beverage Container Corp. The parties were aided and represented by Greg Halley and Gareth Toft, by CBRE, Inc.

Situated 20 minutes north of Las Vegas on the I-15, the Apex Industrial Park has 7,000 decares of land development. Current tenants in the park include Air Liquide, Distritation Center Kroger and Dude Distribution Center. In 2018, $ 58 million was invested in highways improvements, which included the construction of exchange and expansion of the United States 93.