Newmark Arranges Sale of Golden Triangle Logistics Center in North Las Vegas

November 6, 2026 9:00 AM

Newmark announces the Company has arranged the sale of Golden Triangle Logistics Center, a Class A industrial portfolio totaling 1.3 million square feet in North Las Vegas, Nevada. The transaction marks the largest[1] industrial sale completed in Vegas metro since 2023[2].

Newmark Executive Managing Director Andrew Briner and Vice Chairman Ken White represented seller Washington Capital in the transaction. The buyer was Clarion Partners. Newmark Co-Head, U.S. Capital MarketsKevin Shannon provided executive oversight.

Golden Triangle Logistics Center consists of three distribution facilities located at 2655, 2815 and 3375 E. Washburn Road in North Las Vegas. Spanning approximately 64.5 acres, the portfolio offers access to Interstate 15 and the Clark County 215 Beltway, positioning tenants to efficiently serve major Western U.S. population centers. The approximately 84% leased property features 36- to 37-foot clear heights, ESFR sprinkler systems, expansive truck courts, 189 dock-high loading positions and a sizeable, secured trailer storage yard.

"High-quality assets of this scale seldom come to market in Las Vegas, and the transaction reflects the continued appetite among institutional investors for modern distribution facilities that offer strong real estate fundamentals, functional design and long-term growth potential," said Briner. "We are pleased to have delivered a successful outcome for Washington Capital and facilitate Clarion Partners' acquisition of this portfolio."

Shannon added, "The industrial sector has remained more resilient than most property types amid the recent rise in interest rates. Improved leasing fundamentals, coupled with a lack of new construction across many industrial markets nationally, are supporting underwritten rent growth and expanding buyer pools. This landmark Las Vegas logistics portfolio benefited from those trends."

According to Newmark Research, Southern Nevada's industrial market continued to demonstrate resilience in the third quarter of 2026, with 1.8 million square feet of net absorption surpassing 1.5 million square feet of new deliveries and contributing to a decline in overall vacancy. North Las Vegas led all regional submarkets in leasing momentum, while industrial construction activity fell to its lowest level since 2020. The market's combination of strong occupier demand, moderating new supply and strategic access to major Western U.S. population centers continues to support investor interest in institutional-quality logistics assets.

[1] By sales price

[2] According to Newmark Research

About Newmark
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries ("Newmark"), is a world leading commercial real estate advisor and service provider to large institutional investors and other owners, global corporations and other occupiers, and lenders. Built with purpose and driven by excellence, Newmark's comprehensive platform is uniquely tailored to provide superior outcomes to clients. For the twelve months ended September 30, 2026, Newmark generated revenues of over $3.7 billion. As of September 30, 2026, Newmark and its business partners together operated from approximately 200 offices with 10,500 professionals across four continents. Learn more at nmrk.com or follow @newmark.

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