{"id":1004358521,"date":"2019-10-08T04:24:57","date_gmt":"2019-10-08T12:24:57","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004358521"},"modified":"2019-10-08T04:24:57","modified_gmt":"2019-10-08T12:24:57","slug":"las-vegas-office-park-sells-for-27m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/las-vegas-office-park-sells-for-27m\/","title":{"rendered":"Las Vegas Office Park Sells for $27M"},"content":{"rendered":"<div id=\"attachment_1004358524\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/10\/Greystone-Office-Park_sm.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004358524\" data-attachment-id=\"1004358524\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/las-vegas-office-park-sells-for-27m\/greystone-office-park_sm\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/10\/Greystone-Office-Park_sm.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Greystone Office Park_sm\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Greystone Office Park. Image courtesy of Institutional Property Advisors&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/10\/Greystone-Office-Park_sm.jpg?w=800\" class=\"wp-image-1004358524 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/10\/Greystone-Office-Park_sm.jpg\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/10\/Greystone-Office-Park_sm.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/10\/Greystone-Office-Park_sm.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/10\/Greystone-Office-Park_sm.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004358524\" class=\"wp-caption-text\">Greystone Office Park. <em>Image courtesy of Institutional Property Advisors<\/em><\/p><\/div>\n<p>Institutional Property Advisors of Marcus &amp; Millichap has arranged the sale of Greystone Office Park, an office portfolio encompassing 222,000 square feet in Las Vegas, Nev. Farmers Insurance traded the portfolio to Clark County for $27 million or $121 per square foot. IPA represented the seller and procured the buyer in the transaction.<\/p>\n<p>Greystone Office Park spans across 13 acres at 1800-2030 E. Flamingo Road, near interstates 515, 215 and 15, roughly 2 miles from McCarran International Airport. Additionally, the office park is situated within 9 miles of downtown Las Vegas.<\/p>\n<p>Constructed in 1982 and 1986, the low-rise buildings feature floorplates of approximately 30,000 square feet. Property amenities include controlled access and a combined 800 parking spaces. Clark County already occupies space within the office park and will continue to utilize and further expand into the complex, which provides convenient access to the entire downtown area of the city.<\/p>\n<p>In August, IPA worked on behalf of the seller in the disposition of a 103,951-square-foot <a href=\"https:\/\/www.commercialsearch.com\/news\/metro-miami-industrial-building-trades-for-13m\/\">industrial facility in Deerfield Beach<\/a>, Fla.&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Clark County acquired the 222,000-square-foot office portfolio located approximately 9 miles from the city\u2019s downtown. <\/p>\n","protected":false},"author":871,"featured_media":1004358524,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21783,1593,21742,21747,15],"tags":[35939,35230,34836],"class_list":["post-1004358521","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-investment","category-las-vegas","category-latest","category-office","category-west","tag-farmers-insurance","tag-institutional-property-advisors","tag-marcus-millichap"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Las Vegas Office Park Sells for $27M - 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\/las-vegas-office-park-sells-for-27m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Las Vegas Office Park Sells for $27M\" \/>\n<meta property=\"og:description\" content=\"Clark County acquired the 222,000-square-foot office portfolio located approximately 9 miles from the city\u2019s downtown.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/las-vegas-office-park-sells-for-27m\/\" \/>\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=\"2019-10-08T12:24:57+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/10\/Greystone-Office-Park_sm.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Evelyn Jozsa\" \/>\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\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/las-vegas-office-park-sells-for-27m\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/las-vegas-office-park-sells-for-27m\\\/\"},\"author\":{\"name\":\"Evelyn Jozsa\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/7a1fad8f1e02fa4d8f81f7e9ad21736a\"},\"headline\":\"Las Vegas Office Park Sells for $27M\",\"datePublished\":\"2019-10-08T12:24:57+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/las-vegas-office-park-sells-for-27m\\\/\"},\"wordCount\":181,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/las-vegas-office-park-sells-for-27m\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2019\\\/10\\\/Greystone-Office-Park_sm.jpg\",\"keywords\":[\"Farmers Insurance\",\"Institutional Property Advisors\",\"Marcus &amp; 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