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Newly Constructed Industrial Park Sells in Blossoming North Las Vegas Sub-Market

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Colliers’ Industrial Capital Markets Group brokers the sale of SunPoint West



Las Vegas, NV. October 26, 2022 – Colliers today announced the sale of SunPoint West, a newly constructed, best-in-class industrial park situated in the blossoming North Las Vegas sub-market, located at 2025, 2125, 2205, 2225, 2255, and 2305 West Cheyenne Avenue, North Las Vegas, NV 89032. The six-building, ±730,771 square-foot master-planned development was developed, institutionally managed, and recently sold by SunCap Property Group, LLC, and Diamond Realty Investments.


Colliers’ Southern California-based Industrial Capital Markets Group, comprised of Michael Kendall, Gian Bruno, and Kenny Patricia, partnered with Colliers’ local Las Vegas market experts Dan Doherty, Paul Sweetland, Chris Lane, and Jerry Doty in marketing the industrial park for sale.


“SunCap Property Group has a long history of success with developing and operating comparable industrial assets throughout the U.S., and their deep ties to the Las Vegas real estate community made for a strategic investment,” says Michael Kendall, Vice Chair, Industrial Capital Markets, Colliers Western Region. “SunPoint West is one of the most exceptional projects to hit the Las Vegas market, and we were fortunate to be involved from start to finish.”


SunPoint West’s six-building development, situated on 39.25 acres, is 100 percent leased, boasting a diversified rent roll representing six tenants across various employment sectors. Strategically positioned in a favorable business climate with a surging population and staggering income increase, the property is an enticing investment. 

 

Media Contact: 
Leanne Daly 
PR & Communications Specialist | Southwest 
Leanne.Daly@colliers.com 
760-930-7941 

 
About Colliers 
Colliers is a leading diversified professional services and investment management company. With operations in 66 countries, our more than 15,000 enterprising professionals work collaboratively to provide expert advice to real estate occupiers, owners and investors. For more than 25 years, our experienced leadership with significant insider ownership has delivered compound annual investment returns of almost 20% for shareholders. With annualized revenues of $3.3 billion ($3.6 billion including affiliates) and $45 billion of assets under management, we maximize the potential of property and accelerate the success of our clients and our people. Learn more at corporate.colliers.com, Twitter @Colliers or LinkedIn

 


Related Experts

Michael Kendall

Vice Chair

Los Angeles - Orange County

After nearly three decades in the industry, Michael Kendall has experience in every aspect of commercial real estate, including brokerage, development, acquisitions, entitlements, asset management and construction. As Western Region Executive Managing Director of Investment Services for Colliers International, Michael and his team specialize in representing institutional owners as well as high-net-worth individuals, local entrepreneurs and private equity funds in the sale of industrial investments, including land.

Having sat on the ownership side of transactions for so many years, Michael has a unique perspective relative to the needs and expectations of investors in today’s dynamic market. He is skilled at negotiating complex transactions and is well respected for his integrity and tenacity.

Since 2015, Michael and his west coast team have closed more than $7.1 billion in individual property sales, totaling more than 62 million square feet. When portfolio sales are included, the totals increase to $12.7 billion and 125 million square feet.

Prior to joining Colliers, Michael was a Senior Vice President at CBRE Group and a member of the firm’s National Partners Industrial Platform. Previously, Michael was Vice President of Development and Director of Acquisitions at Turner Development/Turner Real Estate Investments. Before that, Michael was an Orange County Regional Partner for Koll Development Co.

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Gian Bruno

Senior Vice President

Los Angeles - Orange County

As Director of Western Region Investment Services for Colliers International, Gian specializes in the representation of institutional clients in the acquisition and disposition of industrial properties throughout the Western United States. Gian leads the team’s underwriting and financial analysis from the initial Opinion of Value through the Close of Escrow. Gian is also responsible for investor interfacing and marketing strategy execution of all properties marketed by Colliers’ Institutional Investment Services Group.

In addition to working as a financial analyst in capital markets brokerage, Gian has worked on the ownership side of transactions for several years. This well-rounded experience gives him insight into the requirements and thought process of investors in today’s market.

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Kenny Patricia

Vice President

Los Angeles - Orange County

Kenny joined the Industrial Capital Markets Group at Colliers in 2021.  Kenny and his team specialize in representing institutional owners and private investors as well as high-net-worth individuals, local entrepreneurs, and private equity funds in the sale of industrial properties and land.

With a emphasis on new business development, financial analysis, and strategic marketing initiatives, Kenny strives to deliver the highest quality of service to his clients through tireless work ethic and keen attention to detail. 

Prior to joining Colliers, Kenny worked at CBRE where he focused on the leasing and sale of  industrial properties in his native Southern California. 

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Dan Doherty

Vice Chairman

Las Vegas

Area of Expertise 
As Vice Chairman in the Industrial Division of Colliers International, Dan has over 31 years of experience in industrial property brokerage and has been one of the top 3 producers in the Las Vegas Office for the past 20 years. Dan is experienced in all phases of industrial real estate including site selection, development and design, user sales, leasing and investment sales. Doherty Industrial Group (DIG) at Colliers International has a combined 70+ years of experience marketing industrial real estate properties in the Las Vegas Valley and during the past 24 - months the team has brokered over 6.1M square feet of industrial property. Our clients include Panattoni, Prologis, TA Associates, Matter Real Estate Group, Juliet Properties, EJM Development, Becknell, Link, Invesco, EastGroup, Caprock, Black Creek, MCA Realty, and RC Willey Home Furnishings to name a few.

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Paul Sweetland

Executive Vice President

Las Vegas

Paul Sweetland has specialized in sales, leasing, sale leasebacks, landlord/tenant representation, seller/buyer representation, development consultation, investment sales, bank REO representation, and marketing of industrial properties since 1998 giving him over 23 years of experience in all aspects of industrial real estate. In the last 5 years alone, Paul has been involved in 889 sale and lease transactions totaling 35 million square feet with a total consideration of $2.5 Billion.
 
Paul’s market knowledge and expertise as well as being licensed in both Nevada and Arizona has allowed him to work alongside some of the largest institutional clients, and developers as well as smaller individual private clients. Paul is an active member of both NAIOP and SIOR as well as a partner of the Doherty Industrial Group. In his free time Paul enjoys spending time with his wife, and five children while continuing to support the Southern Nevada community through numerous charities and volunteer efforts. 

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Chris Lane

Senior Vice President

Las Vegas

 

Chris Lane is a Senior Vice President in the Industrial Division of Colliers International, which consistently ranks at the top of all commercial real estate firms in Nevada.

Chris is a partner of Doherty Industrial Group, which has been a top producing team in Las Vegas for over 20 years. With more than 10 years of experience in the Las Vegas industrial real estate market, Mr. Lane works with clients such as Link Industrial Properties, Prologis, Black Creek Group, Panattoni Development Company, Becknell Industrial, and CapRock Partners. Chris has handled multiple REO dispositions for Bank of Las Vegas, Wells Fargo Bank, Bank of America and City National Bank.

Mr. Lane is experienced in all phases of industrial real estate including multi-tenant project leasing, tenant representation, industrial land sales, and industrial investment sales.

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Jerry Doty

Senior Vice President

Las Vegas

Jerry Doty is currently a Senior Vice President in the Industrial Division of Colliers International. Jerry has been a member of the Doherty Industrial Group since joining Colliers International in 2012. The Doherty Industrial Group has been one of the top producing Industrial teams in Las Vegas for over a decade.

With 8 years of experience, Mr. Doty specializes in the sale and leasing of Industrial properties throughout Southern Nevada. Mr. Doty’s role includes representing owners and tenants in purchasing and leasing of all industrial product types. Mr. Doty has had the opportunity to work with clients such asPrologis, GLP, Panattoni Development Company, Matter Real Estate, Juliet Properties, Muscle & Strength, Christie Lites and Kate Spade to name a few.

Jerry is a lifelong Las Vegas resident andenjoys spending time with his wife and three children. Jerry is an active member in the Southern Nevada NAIOP chapter, SIOR and a supporter of the Links for Life Foundation, a charity that provides medical services and monetary contributions to underprivilegedchildren in Southern Nevada.

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Leanne Daly

PR & Communications Specialist

Carlsbad

As Public Relations & Communications Specialist for Colliers’ U.S. Southwest Region, Leanne leads the development, implementation, and management of all internal and external communications strategies across all Southern California markets and assists with various projects across the Southwest Region. 

Partnering with regional executives, local market leadership, brokerage professionals, and clients, Leanne shapes and executes all written materials, develops and delivers strategic distribution plans, facilitates media relations, and provides proprietary market intelligence to position Colliers as a leader in the commercial real estate industry. Additionally, she serves as an advisor for media relations and crisis management, providing our professionals with the tools and support to elevate brand visibility through thought leadership and market expertise.

Leanne joined Colliers in September 2021, immediately placing significant focus on PR operations across the rapidly growing Greater Los Angeles region. Her extensive agency background includes leading local and national PR and marketing strategies for various notable brands in commercial real estate, government affairs, restaurant and hospitality, entertainment, lifestyle, health/wellness, non-profit, and more. Previous roles also include leading PR and business development operations for the Building Owners & Managers Association (BOMA) San Diego, as well as the planning, production, and media management of large-scale events across San Diego. 
 

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