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7/29/11
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Ameriprise Financial Inc just purchased Sunset Pilot Plaza, a 100k sf Class A office property in Las Vegas. Located at 280 Pilot Rd, the property was sold by Newport Beach-based MIG Real Estate. Terms of the transaction were not disclosed.
Sunset Pilot Plaza was constructed in 2008 and acquired by MIG in October 2010. Situated within the 3.3 msf Hughes Airport Center business park, the three-story office building sits in close proximity to I-215, I-15, Las Vegas Blvd and McCarran International Airport.
Ameriprise Financial was repped by CBRE’s Charles Snyder (Minneapolis) and Randy Broadhead (Las Vegas). MIG Real Estate was represented by Darren Lemmon, also with CBRE Las Vegas. MIG has completed approximately $350 mil in acquisitions over the past two years and is aggressively seeking additional opportunistic investments in its target markets.
“Sunset Pilot Plaza is one of just a handful of Class A facilities in the market offering 100,000 square feet of contiguous space,” said Greg Merage, Chief Executive Officer of MIG Real Estate. “This was instrumental in the attraction of a public company with significant space requirements and has allowed us to complete a sale of this property well in advance of our contemplated timeline.”
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