A Mississippi real estate company has acquired an industrial complex near Allegiant Stadium, figuring the proximity to the Raiders’ future home will help with marketing efforts, said a broker on the deal.
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The NFL team purchased 17.3 acres of real estate near its under-construction stadium for just over $28 million, property records show.
A Boston real estate firm has picked up several industrial buildings near Allegiant Stadium in Las Vegas, figuring the massive project will boost rent growth in the area.
At least one business near the Raiders stadium is already cashing in on the project.
The area around the Raiders stadium may not be the best or easiest place to build a big project or open a retail business.
The $1.84 billion stadium project about a mile west of Las Vegas Boulevard, was dumb luck for nearby landlords. A few bought property right across from the stadium site as recently as 2015 — two years before the football team purchased its land — and others have owned parcels much longer.
A warehouse developer broke ground on a project next to the Raiders’ future practice site in Henderson.