Newmark, as exclusive advisor, is pleased to present the exceptional opportunity to acquire IGT Corporate Center (the Property), a 222,268 square foot, Class A office building that is 100% leased to International Game Technology (IGT). The Property is ideally located in the premier Southwest Las Vegas Submarket, which commands the highest Class A market rents in the Las Vegas Metro at $3.00 FSG and the low vacancy rate of 7.6%. The area directly around IGT Corporate Center has seen a slew of symbiotic development of all product types that will only continue to enhance an already great submarket.
The Property was originally constructed in 2008 as a build-to-suit for International Game Technology (IGT), and has served as the primary location for IGT’s gaming & digital division, which has recently been acquired by Apollo Global Management for $4.1 billion dollars. Apollo additionally acquired Everi for $2.2 billion dollars and merged both companies into a single private entity. The combined entity will feature the strengths of IGT’s gaming business and merge it with Everi’s casino technology and payments specialist supplier.