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Centra Prepares to Build at Hughes Airport Center

LAS VEGAS-The plan is to break ground before the end of the year for a 100,000-sf development on land it recently acquired from CIP Real Estate.

By Brian K. Miller | Updated on August 07, 2007

LAS VEGAS-A new flex-office development is coming to Hughes Airport Center. Centra Realty Corp. of Irvine, CA acquired a 5.78-acre parcel here for $5.5 million last month and now plans to break ground before the end of the year for a 100,000-sf, multi-building development called 740 @ Hughes Airport Center.

Hughes Airport Center is a 420-acre business park located close to McCarran International Airport, the Las Vegas Strip, and Interstates 15 and 215. Centra Realty principal Keith Ross says the company acquired one of the last vacant parcels in the submarket, where ownership opportunities are few and far between.

Centra’s 740 project will be comprised of for-sale, office and R&D/industrial buildings ranging in size from 1,500 sf to 22,000 sf. “The demand for business properties in this area is very strong, with a large number of resort and gaming companies requiring a high-image business park environment and immediate access to the Las Vegas resort corridor,” Ross says.

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