James Wall, a senior associate for Rockefeller Group, said the firm was motivated to buy the property because it is less than three miles from its other industrial properties in the valley. “We would like to thank Commissioner Kirkpatrick for working closely with the seller on rezoning the property from commercial to industrial and are confident the new use of the site will benefit the surrounding community,” Berg said in a statement. The types of tenants will range from distribution and warehousing to e-commerce, light manufacturing and assembly, he said. Marc Berg, vice president, regional director for Rockefeller Group, said demolition of the site will start this month, and construction should be completed in June 2025. Jason Simon and Rob Lujan of JLL’s Las Vegas office will be the listing brokers for the industrial project. “We are confident that we have found the right use for the project and the right partner in Rockefeller Group.”īoth the buyers and sellers represented themselves in the sale.
“Since the Walmart location closed in 2016, we have been looking for an innovative way to redevelop the parcel and bring back jobs to the area,” Clark County Commissioner Marilyn Kirkpatrick said in a statement. The property isn’t within the city limits of Las Vegas. It plans to turn the big box space into two speculative industrial buildings totalling 369,198 square feet.ĭubbed Craig Road Logistics Center, the industrial buildings will be constructed on the 19-acre site at the intersection of Craig Road and North Nellis Boulevard in Clark County. New York-based real estate developer Rockefeller Group - known for the iconic Rockefeller Center - purchased the store, which closed in 2016, for $19 million, the developer announced in a news release. The buyers of a former Walmart Supercenter in northeast Las Vegas plan to redevelop the property into industrial space.
A former Walmart in Las Vegas is set to become two industrial buildings.
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