{"id":5929,"date":"2022-04-04T15:28:54","date_gmt":"2022-04-04T19:28:54","guid":{"rendered":"\/?p=5929"},"modified":"2022-04-04T15:28:54","modified_gmt":"2022-04-04T19:28:54","slug":"gid-industrial-and-suncap-property-group-announce-development-partnership-for-sunpoint-commerce-center-in-north-las-vegas","status":"publish","type":"post","link":"https:\/\/gid.com\/gid-industrial-and-suncap-property-group-announce-development-partnership-for-sunpoint-commerce-center-in-north-las-vegas\/","title":{"rendered":"GID Industrial and SunCap Property Group Announce Development Partnership for SunPoint Commerce Center in North Las Vegas"},"content":{"rendered":"<p>In a joint venture partnership, GID Industrial and SunCap Property Group announced today that they have acquired 26\u00b1 acres in the North Las Vegas submarket. The partnership will develop SunPoint Commerce Center, comprising of two light industrial buildings totaling 467,000 square feet.<\/p>\n<p>Located at the corner of Cheyenne Avenue. and North. Commerce St., the properties will feature 32\u2019 foot clear height, 104 doors and up to eight suites.<\/p>\n<p>\u201cWith strong leasing fundamentals and record low vacancy, Las Vegas is a natural fit for our growing industrial portfolio,\u201d says Michael Wenaas, Chief Investment Officer of GID Industrial. \u201cWe expect that SunPoint Commerce Center will provide much-needed infill opportunities in this area.\u201d<\/p>\n<p>Construction will begin on this summer, with shell completion expected in 2024, and project completion expected by summer 2025.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In a joint venture partnership, GID Industrial and SunCap Property Group announced today that they have acquired 26\u00b1 acres in the North Las Vegas submarket. The partnership will develop SunPoint Commerce Center, comprising of two light industrial buildings totaling 467,000 square feet. Located at the corner of Cheyenne Avenue. and North. Commerce St., the properties [&hellip;]<\/p>\n","protected":false},"author":23,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[45,44],"tags":[],"class_list":["post-5929","post","type-post","status-publish","format-standard","hentry","category-gid-in-the-news","category-press-releases"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>GID Industrial and SunCap Property Group Announce Development Partnership for SunPoint Commerce Center in North Las Vegas - GID<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/gid.com\/gid-industrial-and-suncap-property-group-announce-development-partnership-for-sunpoint-commerce-center-in-north-las-vegas\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"GID Industrial and SunCap Property Group Announce Development Partnership for SunPoint Commerce Center in North Las Vegas - GID\" \/>\n<meta property=\"og:description\" content=\"In a joint venture partnership, GID Industrial and SunCap Property Group announced today that they have acquired 26\u00b1 acres in the North Las Vegas submarket. 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