On August 22nd, Moonwater Capital acquired two highly coveted Las Vegas, Nevada Class “A” office building portfolios, Summerlin Office Portfolio and Town Square. Both acquisitions, consisting of seven buildings in total are adjacent to the I-15, 215 Beltway, and Summerlin Pkwy Freeway, which has become the preeminent office market in Las Vegas; Las Vegas being amongst the top cities in the United States for new and lucrative business opportunities. The city recently overtook Seattle for the title of hottest real estate market in the country.
Included in this acquisition is 133,381 SF within Town Square, one of Las Vegas’s premier mixed use developments, which includes 352K SF of office space and over 800K SF of retail space.
Also included is 310,813 SF of the Summerlin Office Portfolio split between five buildings in the prestigious Summerlin submarket. Established anchor tenants include Expedia, CVS, Diamond Resorts, Shift 4,and DeVry University.