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ecember 22, 2025 – 1:39 pm

    CapRock Partners sold its fully leased 101,332‑sq‑ft industrial property, CapRock Point @ Cheyenne, located at the corner of Cheyenne Avenue and Walnut Road in the northeast Las Vegas Valley, to EastGroup Properties. The transaction, disclosed in a press release, did not reveal the price, but county records indicate the sale exceeded $21 million. Construction was completed in 2022, and the building was 100 % occupied at closing. NEXgistics, a logistics firm offering inventory management, e‑commerce fulfillment, transportation, and warehousing, is the tenant.

    EastGroup, headquartered in Ridgeland, Mississippi, has expanded its Southern Nevada portfolio, including a 2019 purchase of a newly built industrial park at Russell Road and Edmond Street—near Allegiant Stadium—for nearly $25.5 million. The company, which focuses on high‑growth U.S. markets, reports a combined portfolio of roughly 65 million square feet of development and acquisition assets. EastGroup declined to comment on the latest deal.

    For more information, contact Eli Segall at [email protected] or 702‑383‑0342.