Service Properties Trust has sold Red Rock Resorts headquarters for $57 million. The headquarters office is a 138,558-square-foot, single-tenant class-A office property.

Located at 1505 South Pavilion Center Drive, the property is positioned on a three-acre site near the intersection of Interstate 215 and Charleston Boulevard, providing direct access to the entire metro Las Vegas area and the amenities of the Red Rock Resort Casino & Spa and Downtown Summerlin, a 400-acre 1.6-million-square-foot outdoor shopping, dining and entertainment center.

The JLL Capital Markets team representing the seller was led by SVP Tivon Moffitt and Peter Bauman and EVP Bret Davis.

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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