County Set to Approve 103,000-SF Office Lease

LAS VEGAS-Clark County Commissioners next week are expected to sign off on a 103,000-sf office lease in the Greystone office complex. The space would be occupied by the County District Attorney Family Support Division and District Courts.

The complex, comprised of twin mid-rise buildings at 1850 and 1900 E. Flamingo, is owned by the Truck Underwriters Association. The Los Angeles-based association paid approximately $30 million for the property in 2004.

The county’s 10-year, full-service lease agreement for the lowest portions of both buildings calls for initial monthly payments of $201, 450.60 ($1.95 per sf) that increase by 3.75% annually. The county may extend the extend the lease three times, first by five years and then twice more in three-year increments.