HENDERSON, NV—Berkadia has completed the sale of The Edge at Traverse Point, located at 1311 Wigwam Parkway in Henderson.
Carl Sims, Nick Ingle and Angela Powers-Armstrong of Berkadia's Las Vegas office represented the seller in the transaction. The Edge at Traverse Point sold for $43 million on July 25. The sales price reflects a per-unit price of $145,270 or $135 per square foot.
The seller was LV Wigwam LLC of Las Vegas. The buyer was 1131 Wigwam Parkway LLC of Irvine, CA The seller was a merchant developer. The new owner targeted the asset due to the new, high-end construction.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
