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National  + Nevada  + Office  | 

Nine-Building Vegas Campus Trades for $78M

NKF completed the $78.3-million sale of Centra Point, a nine-building, Class A office campus totaling 383,701 square feet in Las Vegas. The 72%-occupied assets, located at 8311-8395 W. Sunset Road and 6655 S. Cimarron Road, were built between 2004 and 2006 and are situated on more than 25 acres.

NKF’s Kevin Shannon, Ken White and Brunson Howard represented the seller, Washington Capital Management, Inc. on behalf of its clients. The buyers, PCCP, LLC and The Brookhollow Group, were self-represented.

“Centra Point is an institutionally maintained, Class A suburban office campus with scale, flexibility, and tremendous asset quality situated between the communities of Summerlin and Green Valley,” said Shannon. “The new ownership is acquiring Centra Point at a very opportune time with Las Vegas experiencing continued in-migration and business expansion that is positioning the city for long term, sustained growth.”

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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.