Fremont Properties, a national real estate investment and development firm, purchased the Flynn Gallagher Corporate Centre, a 321,000-square-foot office park on 27 acres in northwest Las Vegas.
The property was purchased from Cheyenne Investments LLC. The purchase price was $77 million, according to the deed filed last week with the Clark County Recorder. The transaction was part of an IRS 1031 exchange, in which proceeds from a recent sale of a San Francisco office building were reinvested, the company said.
The corporate center was completed in 2003 and consists of eight single-story buildings and one two-story building at Cheyenne Avenue and Buffalo Drive.
archive