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Hughes Center Offices Trade for $30M

LAS VEGAS-The two office buildings were part of an 20-building, $145-million acquisition within Hughes Airport Center that occurred in late 2005.

By Nellie Day | Updated on October 23, 2007

LAS VEGAS-Two buildings that were originally part of a 20-building portfolio that was acquired by joint-venture partners CIP Real Estate and Buchanan Street Partners for $145 million approximately two years ago have been sold for $30.2 million.

The single-story office/flex buildings are located within the 420-acre, 3.3-million-sf Hughes Airport Center business park. Michael Hefner of Voit Commercial in Anaheim, CA, and Kevin Higgins of Voit Commercial in Las Vegas represented the buyers, Kraemer II Glendale LLC and FKC Glendale LLC, and the seller.

The buildings, one which comprises 57,802 sf on 4.2 acres and one that boasts 40,288 sf on 3.5 acres, are fully occupied by Credit One Bank N.A. and reside along Pilot Road near McCarran International Airport, the Las Vegas Strip, Interstate 15 and the 215 Beltway.

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