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Las Vegas Office Building Trades for Record Price

Dornin Investment Group divested Marnell Corporate Center 4, a 93,650-square-foot Class A office building in Las Vegas, to Nidnats Corporation for $30.75 million. The $328-per-square-foot price is a record for a multi-tenant, non-medical office building in Las Vegas.

The 88%-leased building at 6750 Via Austi Parkway is adjacent to McCarran International Airport, and home to such firms as GSA/TSA; internet gaming and technology company Machine Zone, America Family Mutual Insurance, and HDR Engineering, Inc. Dornin acquired the asset in 2014, as part of a $39 million, three-building portfolio containing 176,960 square feet within the Marnell Corporate Center, a 493,000-square-foot master planned office campus.

The record sales price is more than 50% higher than the average for the market, according to seller’s attorney Mark Nicoletti of the Los Angeles-based Sklar Kirsh. Logic Commercial Real Estate represented the seller.

For comments, questions or concerns, please contact Dennis Kaiser


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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

  • ◦Sale/Acquisition