Centra Point Office Campus Acquired


Image: pccpllc.com

Established in 1998, PCCP, LLC is a real estate finance and investment management firm offering commercial equity and debt financing. Headquartered in Los Angeles, California, PCCP, LLC recently announced a joint venture with The Brookhollow Group to acquire the Centra Point office campus located in Las Vegas, Nevada.

Centra Point is a 383,701 square foot Class A office campus situated on 26 acres of prime land. The property is located at 8311 to 8395 West Sunset Road in Las Vegas and comprises nine two- and three-story buildings that are 68 percent leased by tenants from diverse industries including finance, healthcare, and real estate. The office park features expansive floor plates, ample parking, open-air courtyards, and approximately 15,000 square feet of retail space.

Located near the neighborhoods of Summerlin and Green Valley, the complex’s central location offers proximity to housing for the surrounding workforce, making it the preferred destination for high growth businesses seeking to locate in the Southwest market. PCCP favored the submarket’s strong net absorption and new construction developments, which will help to generate increased economic activity.