56°F
weather icon Clear

Amazon, WeWork leasing office space at Town Square Las Vegas

Town Square Las Vegas has landed two high-profile office tenants.

Moonwater Capital founder Ofir Hagay, who owns office space there, confirmed that Amazon leased space from him at the 100-acre complex south of the Strip. He also said office-sharing firm WeWork rented space from him in a separate building.

The leases bring tenants to offices that had sat dormant at Town Square since the retail-focused project opened a dozen years ago at the corner of Las Vegas Boulevard and Sunset Road, and that a former landlord flipped for a quick profit to Hagay.

Amazon, which recently moved in, took the second floor of the building at 6551 Las Vegas Blvd. South, leasing 31,105 square feet, according to Moonwater. Hagay said the online retail giant has human resources and training operations there.

Seattle-based Amazon operates several distribution centers in the valley and is expected to open another in Henderson, right near the Raiders’ new practice facility.

Spokesperson Zeshan Kazmi said in an email Tuesday of the Town Square lease: “At this time, I cannot provide a comment on behalf of Amazon.”

Meanwhile, WeWork leased 102,276 square feet, taking the second and third floors of the building at 6543 Las Vegas Blvd. South, according to Moonwater. The space will be delivered to WeWork by year’s end, Hagay said.

WeWork advertises space at Town Square on its website, saying the property, near Las Vegas’ famed tourist-choked casino corridor and McCarran International Airport, is opening soon and “especially convenient when clients visit from out of town.”

“After work, treat colleagues to cocktails on Las Vegas Boulevard, or head to the nearby golf center or flying trapeze facility for some team-building fun,” the site says.

WeWork spokeswoman Ingrid Thorlaksson declined to comment Monday on the Town Square outpost, citing the company’s “quiet period” ahead of an expected initial public offering.

WeWork’s parent, The We Co., put its stock market debut on the backburner Tuesday, struggling to drum up investor enthusiasm for a fast-growing enterprise that spread trendy communal office spaces across the globe while piling up massive losses.

Last year, the company booked more than $1.8 billion in revenue but posted a net loss of more than $1.9 billion, according to a filing with the Securities and Exchange Commission.

The company, which dropped plans to begin a “road show” this week to market shares for an IPO that had been widely expected this month, said it expects to complete the stock offering by year’s end.

Hagay acquired Amazon’s and WeWork’s office space in August 2018 for about $22 million from Dornin Investment Group. Dornin had purchased the unfinished space in January 2018 for about $11.8 million. At the time, the offices were empty and cavernous inside, lacking divider walls, hallways and subdivided suites.

Contact Eli Segall at esegall@reviewjournal.com or 702-383-0342. Follow @eli_segall on Twitter. The Associated Press contributed to this report.

Don't miss the big stories. Like us on Facebook.
Business Videos
Southern Nevada could set a new resale-price record in coming months.
The median sales price of previously owned single-family homes – the bulk of the market – was $310,000 in September. Before the economy crashed last decade, prices peaked in June 2006 at $315,000, according to the Greater Las Vegas Association of Realtors.(Bizuayehu Tesfaye/Las Vegas Review-Journal) @bizutesfaye
Walmart container park in Henderson - VIDEO
Henderson could be home to a container park associated with a Walmart Inc. initiative. (Las Vegas Review-Journal)
Recession lessons could help Las Vegas face next slump - VIDEO
While the last economic downturn had a dramatic impact on local casinos, most experts expect the industry will be better able to weather the storm during the next recession. (Mat Luschek / Las Vegas Review-Journal)
MGM and victims of Oct. 1 reach settlement agreement - VIDEO
MGM Resorts International and lawyers representing potentially thousands of victims of the Oct. 1, 2017, mass shooting on the Las Vegas Strip have reached a tentative settlement of between $735 million and $800 million. (Mat Luschek /Las Vegas Review-Journal)
Live music and EDM dominate the night on day 2 of A’Le’Innstock
After sunset bands rocked the crowds at A’Le’Innstock in Rachel, Nevada on the second night of the event.
iPhone 11 Release
Local Las Vegas long time Apple product consumer shares her excitement for the new iPhone 11 release Downtown Summerlin. (Elizabeth Page Brumley/Las Vegas Review-Journal)
Lihi Levin talks about a mobil app Dropit - VIDEO
Lihi Levin, regional manager at Dropit Shopping, talks about a mobil app Dropit. The app lets customers leave their shopping bags at a store then have them delivered the same day to their home or hotel so they can shop without carrying multiple bags all day. (Bizuayehu Tesfaye Las Vegas Review-Journal) @bizutesfaye
North Las Vegas company prepares for Mars - VIDEO
Robert Bigelow and his Bigelow Aerospace manufacturing facility played host to eight NASA astronauts and 60 engineers this week getting to know the company’s B330 autonomous, expandable space station. (Elizabeth Brumley/Las Vegas Review-Journal)
Las Vegas developer talks about a new apartment complex called “the yoU”
Frank Marretti lll, founder of G2 Capital Development, talks about his new apartment complex called “the yoU” near UNLV. (Bizuayehu Tesfaye/Las Vegas Review-Journal) @bizutesfaye
Steel cables will hoist roof at Allegiant Stadium - VIDEO
Stainless steel cables are being put into place at Allegiant Stadium to begin the process of putting the roof on the 65,000-seat stadium in Las Vegas. Stadium Chief Operating Officer Don Webb explains how the cables will be used to get the roof put on the future home of the Raiders and UNLV football. (Heidi Fang/Las Vegas Review-Journal)
The last remaining Sigma Derby game in Las Vegas
Derek Stevens, owner of the D Las Vegas, talks about the last remaining Sigma Derby horse racing game in Las Vegas inside his casino floor. (Erik Verduzco/Las Vegas Review-Journal)
Popeyes Spicy Chicken Sandwich Review
Janine Blake of Las Vegas gives her review of the new Popeyes Spicy Chicken Sandwich at the restaurant’s location on west Bonanza Road on Thursday, Aug. 22, 2019,
SuperZoo 2019 takes over Mandalay Bay in Las Vegas
SuperZoo 2019 show for pet retailers brought pet products of all description to the Mandalay Bay Convention Center in Las Vegas. (Heidi Knapp Rinella/Las Vegas Review-Journal)
MSG Sphere at The Venetian to cost $1.2B plus
Scheduled to open in 2021, it is expected to be busier than Madison Square Garden in New York. (Michael Quine/Las Vegas Review-Journal)
Favorite products from SuperZoo 2019
Some of the fun and interesting pet products on display at the SuperZoo in Las Vegas at the Mandalay Bay Convention Center. (L.E. Baskow/Las Vegas Review-Journal)
MAGIC Convention Day 3
The fashion trade show MAGIC, held Monday through Wednesday at the Las Vegas Convention Center. (Elizabeth Brumley/Las Vegas Review-Journal)
MAGIC Las Vegas - Day One
The biannual MAGIC convention show opened Monday at the Las Vegas Convention Center. (Elizabeth Brumley/Las Vegas Review-Journal)
Allegiant celebrates naming deal with tailgate party
Allegiant Air employees celebrate with a tailgate party after the company’s naming deal with the Raiders for the new Las Vegas stadium.
Nevada's sportsbook operators welcome competition
Sportsbook operators from near and far are looking to get into in the established Nevada market, experts say. (Las Vegas Review-Journal)
Get a first look of MSG Sphere construction in Las Vegas
Representatives of The Madison Square Garden Company give the first glimpse of progress Tuesday of the under-construction MSG Sphere — a first-of-its-kind performance venue with high-tech audio and visual capabilities.
There's a new place to play board games in Las Vegas
Matt Smiciklas, co-owner of Boarding School Games, talks about the new Las Vegas business that he co-owns with Emily Labejof. Dedicated tabletop gamers can choose from more than 500 games to play for free in-store. The doors open to the public Saturday, July 20, 2019. (K.M. Cannon/Las Vegas Review-Journal) @KMCannonPhoto
Renovations at the STRAT
Analysts say the $140 million renovation project at The STRAT, formerly the known as the Stratosphere, could help the hotel-casino compete with the evolving north side of the Las Vegas Strip. (Bailey Schulz/Las Vegas Review-Journal)
THE LATEST
More than 27K expected for top gaming industry trade show

The Global Gaming Expo — known in the industry as G2E — opens its doors Monday for a four-day event filled with panels, keynote speeches and a massive trade show.

Nevada Donor Network taps Sonja Barlow for lead role

Nevada Donor Network has named Sonja Barlow director of donation services to oversee donation service operations and develop the company’s strategic plans as part of the corporate leadership team

Boeing, FAA share blame in certification of the 737 Max, report says

Boeing did not fully explain to federal regulators an automated flight system featured in its new 737 Max, and those regulators didn’t have the capability to effectively analyze much of what Boeing did share about the plane.