Las Vegas Office Tower Trades for $40M

Highbrook Investors divested a 161,924-square-foot Class A office tower and adjacent parking structure in downtown Las Vegas for $39.7 million. The 12-story property is located at 302 and 304 East Carson Ave.

Built in 1965 and substantially renovated between 2010-2015, 302 Carson is situated on roughly 1.2 acres, and is occupied by a diverse mix of tenants including Take Two Interactive Software, GSA (Housing and Urban Development), and the Amazon subsidiary, Zappos.

NKF Capital Markets Kevin Shannon, Brunson Howard, Ken White, David Scherer, Bryan Loewen and Rick Stumm represented the seller.

Shannon says, “We continue to see increased buyer depth in secondary markets, as capital looks for significantly better yield compared to the coastal markets. This more attractive yield is being augmented by a deep and very competitive debt market.”

For comments, questions or concerns, please contact Dennis Kaiser

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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., 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, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

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Las Vegas Office Tower Trades for $40M

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National CRE News In Your Inbox.

Las Vegas Office Tower Trades for $40M

Inside The Story

About Dennis Kaiser