Clarion Partners has acquired Golden Triangle Logistics Center, a 1.3-million-square-foot Class A industrial portfolio in North Las Vegas, with Newmark brokering the sale for Washington Capital at an undisclosed price.

The transaction, confirmed by Newmark, hands the buyer three distribution facilities totaling 1.3 million square feet across a 64.5-acre site. Andrew Briner and Ken White of Newmark represented the seller, and Kevin Shannon of Newmark provided executive oversight for the deal.

What does the asset look like?

The portfolio sits at three addresses on East Washburn Road: 2555, 2815 and 3375. Golden Triangle Logistics Center was built to modern distribution specifications, according to details released with the sale announcement:

• Three Class A distribution facilities totaling 1.3 million square feet
• A 64.5-acre land parcel
• Clear heights of 36 to 37 feet
• ESFR sprinkler systems throughout
• Expansive truck courts and a sizable, secured trailer storage yard
• 189 dock-high loading positions across the portfolio

At the time of sale, the property was 84 percent leased — meaning roughly one-sixth of the rentable space, about 208,000 square feet of the 1.3 million total, was vacant at closing. That occupancy level gives the new owner both an income stream from existing tenants and leasing upside in a market where institutional capital has competed for well-located logistics stock.

Why does the location matter?

The asset offers direct access to I-15 and the Clark County 215 Beltway, the two road links that connect North Las Vegas to the broader southwestern freight network. I-15 runs from Southern California — the largest consumer market on the West Coast — through Las Vegas toward Utah and points beyond, a routing that has made the Las Vegas submarket a distribution hub for regional and national tenants.

For an investor like Clarion Partners, which manages institutional real estate portfolios, the combination of highway access, modern clear heights and 189 dock-high positions is the profile that supports high-throughput distribution operations. The secured trailer storage yard adds capacity that older-generation buildings in the submarket often lack.

Who executed the deal?

Newmark arranged the transaction. Andrew Briner and Ken White of the firm represented seller Washington Capital, while Kevin Shannon provided executive oversight — a structure the brokerage uses for large or complex assignments.

Neither party disclosed the price, and the sellers did not comment beyond the release. Based on the asset's scale — 1.3 million square feet on 64.5 acres — the deal ranks among the larger single-portfolio industrial trades in the North Las Vegas market.

The sale underlines continued institutional appetite for Class A logistics real estate in secondary distribution markets, even where assets trade below full occupancy. Washington Capital exits a three-building portfolio it assembled as one industrial position; Clarion Partners adds a big-box logistics asset to its holdings.

Golden Triangle Logistics Center changed hands 84 percent leased, 189 dock doors and all.