{"id":1004206704,"date":"2018-02-12T09:35:55","date_gmt":"2018-02-12T17:35:55","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004206704"},"modified":"2022-12-04T22:52:02","modified_gmt":"2022-12-05T06:52:02","slug":"mca-signs-new-tenant-sells-6-in-vegas","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/mca-signs-new-tenant-sells-6-in-vegas\/","title":{"rendered":"MCA Signs New Tenant, Sells 6 in Vegas"},"content":{"rendered":"<p>By Tudor Scolca<\/p>\n<div id=\"attachment_1004206708\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/Lamb-Technology-Center-e1518437750618.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004206708\" data-attachment-id=\"1004206708\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/mca-signs-new-tenant-sells-6-in-vegas\/lamb-technology-center\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/Lamb-Technology-Center-e1518437750618.jpg\" data-orig-size=\"908,683\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;8&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;Canon EOS 5D Mark II&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1449492019&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;33&quot;,&quot;iso&quot;:&quot;100&quot;,&quot;shutter_speed&quot;:&quot;0.008&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Lamb Technology Center\" data-image-description=\"&lt;p&gt;Lamb Technology Center, at 2725-2797 N. Lamb Blvd.&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;Lamb Technology Center, at 2725-2797 N. Lamb Blvd.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/Lamb-Technology-Center-e1518437750618.jpg?w=908\" class=\"wp-image-1004206708 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/Lamb-Technology-Center-e1518437750618.jpg\" alt=\"Lamb Technology Center, at 2725-2797 N. Lamb Blvd.\" width=\"300\" height=\"226\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/Lamb-Technology-Center-e1518437750618.jpg 908w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/Lamb-Technology-Center-e1518437750618.jpg?resize=300,226 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/Lamb-Technology-Center-e1518437750618.jpg?resize=768,578 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004206708\" class=\"wp-caption-text\">Lamb Technology Center, 2725-2797 N. Lamb Blvd.<\/p><\/div>\n<p>MCA Realty has brought its Henderson, Nev. Gibson Tech Center to full occupancy and sold six other assets in Las Vegas for $5.4 million. The office and industrial assets divested by MCA total 137,859 square feet.<\/p>\n<p>MCA bought Gibson Tech Center in 2016 and has improved it since then through various renovations, including white-boxing the interior and removing obsolete elements. Located at 168 N. Gibson Road, the property was marketed by MCA towards specific businesses. PRA Group inked a lease for the entire 29,998-square-foot building. Negotiations were carried out by Colliers International on behalf of MCA and CBRE on behalf of PRA Group.<\/p>\n<p>\u201c<em>As the <a href=\"https:\/\/www.commercialsearch.com\/news\/cranes-keep-the-strip-in-growth-mode-in-las-vegas\/\">Las Vegas Metro<\/a> and Southern Nevada continue to perform and accelerate from a market in recovery to a market experiencing meaningful growth, we will be able to steadily grow rents over time,<\/em>\u201d said Tyler Mattox, principal at MCA, in a prepared statement.<\/p>\n<h2>Industrial divestments<\/h2>\n<p>MCA sold five buildings at its Lamb Technology Center, located at 2725-2797 N. Lamb Blvd. The property is a 116,302-square-foot, 17-building business park, constructed in 2008 and acquired by MCA in 2014 for $4.9 million. The company applied similar strategic renovations to these assets as well and improved their value. The five buildings were sold for $2.5 million. In total, MCA Realty obtained $7.6 million for the 15 buildings it sold so far, with plans to dispose of the remaining two during 2018.<\/p>\n<p>MCA acquired the building at 2020 Pama Lane through the bankruptcy court in 2015, according to Mattox. The 24,806-square-foot industrial asset remained vacant after the leasee defaulted on its arrangement with MCA. The company sold the building to a local manufacturer for $2.9 million. The asset is near Interstate 215 and McCarran International Airport. Cushman &amp; Wakefield represented MCA Realty and Commercial Professionals negotiated on behalf of the buyer.<\/p>\n<p><em>Image courtesy of MCA Realty<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The company sold five buildings from Lamb Technology Center with a significant profit, and an additional industrial property was disposed of after the tenant defaulted on its contract.<\/p>\n","protected":false},"author":1284,"featured_media":1004206708,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,21743,21748,1593,21742,21747,15],"tags":[32789,32763,34037],"class_list":["post-1004206704","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-deals","category-industrial","category-las-vegas","category-latest","category-office","category-west","tag-cbre","tag-colliers-international","tag-mca-realty"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>MCA Signs New Tenant, Sells 6 in Vegas - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/mca-signs-new-tenant-sells-6-in-vegas\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MCA Signs New Tenant, Sells 6 in Vegas\" \/>\n<meta property=\"og:description\" content=\"The company sold five buildings from Lamb Technology Center with a significant profit, and an additional industrial property was disposed of after the tenant defaulted on its contract.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/mca-signs-new-tenant-sells-6-in-vegas\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2018-02-12T17:35:55+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-05T06:52:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/Lamb-Technology-Center-e1518437750618.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"908\" \/>\n\t<meta property=\"og:image:height\" content=\"683\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Tudor Scolca\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/mca-signs-new-tenant-sells-6-in-vegas\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/mca-signs-new-tenant-sells-6-in-vegas\/\",\"name\":\"MCA Signs New Tenant, Sells 6 in Vegas - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/mca-signs-new-tenant-sells-6-in-vegas\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/mca-signs-new-tenant-sells-6-in-vegas\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/Lamb-Technology-Center-e1518437750618.jpg\",\"datePublished\":\"2018-02-12T17:35:55+00:00\",\"dateModified\":\"2022-12-05T06:52:02+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/daae3daa7b99fdfb75a85cb3cd92a26d\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/mca-signs-new-tenant-sells-6-in-vegas\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/mca-signs-new-tenant-sells-6-in-vegas\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/mca-signs-new-tenant-sells-6-in-vegas\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/Lamb-Technology-Center-e1518437750618.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/Lamb-Technology-Center-e1518437750618.jpg\",\"width\":908,\"height\":683,\"caption\":\"Lamb Technology Center, at 2725-2797 N. 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