IRVINE, CA -- TNP/SLI Green Building Fund announced today the acquisition of a 45 percent interest in an 11-story office building and adjacent four-story parking structure in the heart of downtown Las Vegas.
Focused on achieving a Silver certification under the U.S. Green Building Council's LEED(R) (Leadership in Energy and Environmental Design) Rating System(TM), it will become only the second LEED certified building in downtown Las Vegas further contributing to the area's revitalization.
Located at 302 E. Carson, the building consists of ground floor retail and office space totaling approximately 160,200 sf and is currently 39 percent occupied. Major tenants include Fitzgerald's Hotel & Casino, the Office of the Chapter 13 Standing Bankruptcy Trustee, ViaWest and Mzima. Via West and Mzima, both national data centers, are currently negotiating expansions at the building due to the high capacity "OC 192" data infrastructure and redundant fiber optic cabling serving 302 E. Carson, which position the property as a prime strategic location for data based businesses.
The $100 million fund, a partnership between Los Angeles, CA-based Shangri-La Industries and Irvine, CA-based Thompson National Properties, focuses on assets that can be retrofitted, repositioned or redeveloped for greater energy efficiency and environmental sustainability.
Plans for the renovation illustrate that any building can be retrofitted to be both economically and environmentally sound.
In addition to comprehensive structural and cosmetic changes, renovations and upgrades at 302 E. Carson extend from a wide array of energy efficiency and water reduction measures to complete modernization of the existing lighting and heating, ventilating and air conditioning system.
The partnership has retained Gensler of Nevada, a global design firm recognized as a leader in sustainable design, as design architect.
Thompson National Properties
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