An Arizona-based investment firm has bought a southwest Las Vegas office building.
Tierra Partners III LLC spent $17.35 million to buy the 70,188-square-foot LaPour Corporate Center at 9075 W. Diablo Drive, near the 215 Beltway and Russell Road.
Jeff LaPour, president and CEO of developer LaPour Partners, said his company was able to lease the six-year-old building to full occupancy during the Great Recession. Tenants include the state Public Utilities Commission, NV Energy, KGA Architecture and Chicago Title.
Charles Moore, Marlene Fujita Winkel and Ashley Kolaczynski of CBRE Las Vegas represented the seller, LaPour 215 LLC. Greg Tassi of CBRE Las Vegas represented the buyer.
Fujita Winkel said the market could expect additional sales of commercial properties along the 215 Beltway in the next year. That’s because the submarket is within minutes of Summerlin, Green Valley, McCarran International Airport and the Strip, making “properties in this corridor attractive for tenants and ultimately investors who desire well-located, well-occupied real estate.”
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