The Firm’s Multi-Market Industrial Experts Partnered to Execute the Sale of Matter Park’s Phase I
Las Vegas, NV., January 31, 2023 – Colliers today announced the sale of two buildings (Phase I) within the 300,754 square-foot, four-building industrial development, Matter Park at West Henderson. Buildings 3 and 4, located at 1379 and 1387 Raiders Way, Henderson, NV 89052, account for 237,630 square feet of the park’s entirety.
Colliers’ Western Region Industrial Capital Markets Group, comprised of Michael Kendall, Gian Bruno, and Kenny Patricia, partnered with Colliers’ Las Vegas market experts Dan Doherty, Paul Sweetland, Chris Lane, and Jerry Doty in marketing the property. Kendall exclusively listed the property and brokered the sale on behalf of the seller, Matter Gateway Corporate Center, LLC. Colliers’ Southern California-based industrial experts Scott Heaton and Matthew Erickson represented the buyer, PER Partners Limited, LP, who acquired the two buildings for an undisclosed figure.
“As one of the preeminent developers in Southern Nevada, Matter built a best-in-class industrial park that leased up in record time,” says Kendall. “The buyer views this project as irreplaceable real estate in the best submarket in Las Vegas that will only get more valuable with time.”
“The Colliers platform allowed us to once again reach out to a trade buyer who could truly see the value in Matter’s Project,” said Doherty. “With institutional buyers in flux right now, it was critical to source buyers with different and higher motivations. Our relationship with Kendall and the team continues to produce above-market results for our clients.”
Positioned in one of the highest-performing industrial submarkets, with the closest connections to Southern California, the park benefits from the burgeoning Las Vegas economy and the strong industrial market conditions in both the Henderson and West Henderson submarkets.
“After an extensive search for industrial properties in the Western United States, PER Partners decided on the Matter Park Phase I project to complete their 1031 exchange and acquire a Class-A generational industrial asset,” said Erickson. “We are thrilled with the successful outcome we achieved for all involved.”
PR & Communications Specialist | Southwest
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