Commercial Real Estate

Reporter Jeffrey Meehan gives a snapshot on the local market. ▶

The more than 41,000-square-foot building is adjacent to Henderson’s St. Rose Transition Area, which also brings the opportunity for tenants to take advantage of city grants from the Henderson Redevelopment Agency to offset some tenant improvement costs.

The building’s revival comes at a time of increasing commercial real estate bullishness, stemming from

the multibillion-dollar Strip corridor and other developments in the city. Some of those projects include: the Las Vegas Convention Center expansion, the Raiders’ domed stadium project, Wynn Resorts’ Paradise Park and Resorts World Las Vegas on the northern end of the Strip.

Office vacancy rates are dropping, as the city absorbed 1.3 million square feet in 2017, 14 percent more than in 2016, according to economic research firm, Applied Analysis.

“We feel this is a unique opportunity that incentivizes businesses to move or expand into a historical location with lots of traffic where you’re right next door to an exploding population in Cadence,” Houle added. “It’s a rare situation and we really feel like we’re breathing new life into Downtown Henderson.”

To learn more about 98 E. Lake Mead Parkway, contact David Houle at 702-273-7377.