Located at the northeast corner of Durango Dr. and the I-215 Beltway, the class A office development includes 10 two- and three-story, concrete-and-glass buildings with very little vacancy, a market-leading rental rate of $2.10 per sf per month, and a high-profile list of tenants. WCM, which is acquiring nine of the assets, recently closed on seven of them aggregating 317,398 sf for approximately $97 million for $305 per sf, according to Clark County records.

WCM's Cory Carlson, portfolio manager for the commingled, open-end real estate equities fund that made the acquisition tells GlobeSt.com it will close on the other two before the end of the year. Those buildings had a different lender and "had to be dealt with differently," says Carlson. The one Centra Point asset WCM will not acquire was sold to another party late last year.

Centra Properties founding partner Jim Stuart could not be reached Friday for comment. In a published interview last fall, which followed a series of other divestitures, including the company's construction division, Stuart said the sales are part of the company's strategy to "make sure we have the resources available to take advantage of a shifting real estate market. We are reorganizing Centra to have cash on hand to be able to solve problems."