{"id":1004364524,"date":"2019-10-31T06:41:37","date_gmt":"2019-10-31T14:41:37","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004364524"},"modified":"2019-10-31T06:41:37","modified_gmt":"2019-10-31T14:41:37","slug":"tierra-management-sells-las-vegas-office-building","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/tierra-management-sells-las-vegas-office-building\/","title":{"rendered":"Tierra Management Sells Las Vegas Office Building"},"content":{"rendered":"<div id=\"attachment_1004364527\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/10\/920-Pilot-Road.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004364527\" data-attachment-id=\"1004364527\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/tierra-management-sells-las-vegas-office-building\/920-pilot-road\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/10\/920-Pilot-Road.jpg\" data-orig-size=\"1000,800\" 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;0&quot;}\" data-image-title=\"920 Pilot Road\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;920 Pilot Road&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/10\/920-Pilot-Road.jpg?w=1000\" class=\"wp-image-1004364527 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/10\/920-Pilot-Road.jpg\" alt=\"\" width=\"300\" height=\"240\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/10\/920-Pilot-Road.jpg 1000w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/10\/920-Pilot-Road.jpg?resize=300,240 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/10\/920-Pilot-Road.jpg?resize=768,614 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004364527\" class=\"wp-caption-text\">920 Pilot Road<\/p><\/div>\n<p>WG Group has acquired an 86,515-square-foot Class B office building at the Hughes Airport Center in Las Vegas for $10.5 million from Tierra Management, according to Yardi Matrix. A private lender provided the buyer with $7.4 million in acquisition financing. The seller had purchased the asset in early 2002 for $10 million from Western Devcon.<\/p>\n<p>Located at 920 Pilot Road, the building is within 10 miles of downtown Las Vegas in a heavily industrial district south of McCarran International Airport. The property, accessible via a nearby public bus route, is less than 3 miles from the intersection of interstates 15 and 215. At the beginning of October, a 222,000-square-foot office portfolio on the other side of the airport <a href=\"https:\/\/www.commercialsearch.com\/news\/las-vegas-office-park-sells-for-27m\/\">changed hands for $27 million<\/a>.<\/p>\n<p>Constructed in 2001, the two-story building is fully leased to Pololu Robotics and Electronics. The asset contains 73,538 square feet of office and 12,977 square feet of industrial space. The property has parking at a ratio of three spaces per 1,000 square feet.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The buyer secured more than $7 million in financing for the acquisition of the 86,515-square-foot property.<\/p>\n","protected":false},"author":861,"featured_media":1004364527,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21825,21783,1593,21742,21747,15],"tags":[47636],"class_list":["post-1004364524","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-finance","category-investment","category-las-vegas","category-latest","category-office","category-west","tag-wg-group"],"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>Tierra Management Sells Las Vegas Office Building - 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\/tierra-management-sells-las-vegas-office-building\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tierra Management Sells Las Vegas Office Building\" \/>\n<meta property=\"og:description\" content=\"The buyer secured more than $7 million in financing for the acquisition of the 86,515-square-foot property.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/tierra-management-sells-las-vegas-office-building\/\" \/>\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=\"2019-10-31T14:41:37+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/10\/920-Pilot-Road.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"800\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Jeff Hamann\" \/>\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\\\/tierra-management-sells-las-vegas-office-building\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/tierra-management-sells-las-vegas-office-building\\\/\"},\"author\":{\"name\":\"Jeff Hamann\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/9dada606742ec2aa010683bdabf468f4\"},\"headline\":\"Tierra Management Sells Las Vegas Office Building\",\"datePublished\":\"2019-10-31T14:41:37+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/tierra-management-sells-las-vegas-office-building\\\/\"},\"wordCount\":168,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/tierra-management-sells-las-vegas-office-building\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2019\\\/10\\\/920-Pilot-Road.jpg\",\"keywords\":[\"WG Group\"],\"articleSection\":[\"Deals\",\"Finance\",\"Investment\",\"Las Vegas\",\"News\",\"Office\",\"West\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/tierra-management-sells-las-vegas-office-building\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/tierra-management-sells-las-vegas-office-building\\\/\",\"name\":\"Tierra Management Sells Las Vegas Office Building - 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