Investment company buys industrial space in Las Vegas

National investment firm KTR Capital Partners has acquired two industrial buildings in Las Vegas totaling more than 125,000 square feet, the company said Thursday.

Financial terms of the transaction were not disclosed. The buildings were purchased from their owner-users, and are unoccupied.

KTR plans to upgrade and reposition the buildings upon closing, said Brian Gagne, senior vice president at the firm. The acquisition brings KTR's Las Vegas portfolio to more than 1.5 million square-feet of commercial properties.

The distribution warehouse at 6445 Montessouri St. was developed as part of a four-building park, with 30-foot ceiling heights, 18 dock-high doors and four drive-in doors. The building at 5220 Cameron St. features nine dock-high doors and one drive-in door, with parking for more than 70 trailers.

Both buildings are highly functional assets in desirable locations that will draw interest from logistic firms that service the Strip, Gagne said.