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MDH Partners, an Atlanta-based real estate firm, has entered the Nevada market with a USD 94 million acquisition of two industrial buildings in Sunrise Industrial Park, Las Vegas. These multi-tenant properties, spanning over 500,000 square feet, mark the company's expansion into a key industrial hub. This purchase is part of MDH's broader strategy, following over USD 1 billion in investments across 11 markets in late 2024. With ownership of 35 million square feet in 18 states, MDH Partners continues to strengthen its presence in the industrial real estate sector, targeting high-growth, strategically located properties.
MDH Partners, a real estate company based in Atlanta, has entered the Nevada market with its first purchase, two industrial buildings in the northeast Las Vegas Valley. Located at Cheyenne Avenue and Marion Drive in Sunrise Industrial Park, these multi-tenant properties total more than 500,000 square feet. Advertisement
Though the company refused to reveal how much it paid for the properties, property documents show that MDH Partners acquired the buildings for USD 94 million, with the deal closing last month. MDH Partners' Vice President James Hwang observed that the buildings are well-positioned and have a varied tenant base, which improves their value and attractiveness.
This deal is one part of MDH Partners' larger expansion plan. During the second half of 2024, the company spent more than USD 1 billion, buying over 9 million square feet of industrial property in 11 markets, including large purchases in Houston and Dallas. MDH Partners currently owns or controls about 35 million square feet of property in 18 states.
Sunrise Industrial Park, situated in the North Las Vegas submarket, is known as the region's largest and most rapidly growing industrial zone. Its close proximity to the I-15 and business-friendly setting render it an ideal place for industrial investment.
MDH Partners' foray into the Nevada market with this USD 94 million purchase highlights its focus on building its industrial real estate presence in strategic markets. The company's heavy investments during the latter part of 2024 indicate a strong growth path, making it a strong contender in the industrial real estate market. With MDH Partners' ongoing identification and acquisition of strategic properties, its presence and impact in the national market are set to become even stronger.
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