The Roxborough Group and Bendetti Close on $38.6 million Recapitalization of 195,603 Square Foot Multi-Tenant Industrial Park in Las Vegas

SAN FRANCISCO – Affiliates of The Roxborough Group LLC (Roxborough) and Bendetti announce the recapitalization of Valley View Business Park in Las Vegas for $38.6 million, including the assumption of an existing $20 million loan at an interest rate significantly below current rates. Bendetti previously owned the asset in partnership with RGA ReCap Incorporated and will now operate the business park in a new partnership with Roxborough.

The industrial park, built in phases from 1979 to 1981, spans over 10 acres just minutes from the Las Vegas Strip. It consists of five buildings totaling 195,603 square feet. Currently, Valley View Business Park hosts over 100 tenants engaged in warehousing, light manufacturing and retail uses. Suites range from 539 to 5,167 square feet, with each featuring grade level doors.

Due to the high construction costs associated with this type of property, competition from new supply is limited, positioning the asset favorably to capitalize on growing demand from businesses seeking proximity to downtown Las Vegas.

“The acquisition of Valley View Business Park aligns with Roxborough’s strategy of acquiring infill industrial properties with high barriers to entry,” said Matthew McCormick, Managing Director at Roxborough. “Located adjacent to the Las Vegas Strip and easily accessible via major regional thoroughfares, this asset is highly desirable to businesses serving the local economy. Valley View presents a rare opportunity to acquire an infill industrial asset off-market, at a significant discount to replacement cost, in one of the nation’s fastest growing markets.” 

Valley View Business Park marks Roxborough’s second industrial acquisition in Las Vegas and the first within Roxborough Fund III, L.P., a $518-million discretionary fund focused on opportunistic and value-add investments.

Bendetti has been active in Nevada for over 20 years, having acquired more than 1.2 million square feet of industrial space in that market. Now celebrating 60 years of industrial leadership, Bendetti has successfully carved out a niche in the multi-tenant industrial space across the greater Western United States markets including California, Colorado, Nevada, Texas, and Utah.

“Valley View Business Park has undergone extensive renovations and improvements, enhancing its appeal as a highly desirable multi-tenant industrial property in the Las Vegas market,” said Aaron Weaver, President at Bendetti. “It represents the type of product we seek out – one that can create tangible value to the tenants, our partners and the local community. We are eager to expand our portfolio in Nevada.”

About The Roxborough Group, LLC

The Roxborough Group (“Roxborough”) is a private real estate investment firm founded in 2013. Headquartered in San Francisco, the firm has a broad mandate to invest in all real estate asset classes, both directly and with operating partners. Roxborough focuses on opportunistic, value-add and transitional real estate assets, high-yielding real estate debt, real estate-related operating businesses, as well as high quality, lower risk, and longer duration real estate investments. For more information, please visit

About The Bendetti Company

Founded in 1964, The Bendetti Company is an Irvine, California-based, full service real estate operator specializing in the acquisition and strategic repositioning of industrial assets across the Western United States. Bendetti’s current portfolio boasts 3.2 million square feet of assets and over $590 million in investments under management throughout the Western United States. Nearly 50% of Bendetti’s tenancy is attached to supply chain, distribution, logistics, and manufacturing. For more information, visit

About RGA

Reinsurance Group of America, Incorporated (NYSE: RGA) is a global industry leader specializing in life and health reinsurance and financial solutions that help clients effectively manage risk and optimize capital. Founded in 1973, RGA is today one of the world’s largest and most respected reinsurers and remains guided by a powerful purpose: to make financial protection accessible to all. As a global capabilities and solutions leader, RGA empowers partners through bold innovation, relentless execution, and dedicated client focus — all directed toward creating sustainable long-term value. RGA has approximately $3.7 trillion of life reinsurance in force and assets of $106.0 billion as of March 31, 2024. To learn more about RGA and its businesses, please visit or follow RGA on LinkedIn and Facebook. Investors can learn more at