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The Newsroom - 2003 |
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Centra details plan for $55 million office park project
April 21, 2002 - Centra Propertties LLC, of Henderson, and Sacramento, CA based
Panattoni Development have unveiled plans for a $55 million, 300,000 square-foot
Class A office park called "Centra Point." The 21-acre master-planned project is
located on the north side of Interstate-215 at Durango Drive in Las Vegas.
Designed by Howard F. Thompson Architects of Las Vegas, the complex will feature
six concrete tilt-wall buildings, running up to three stories tall and 60,000
square-feet in size. The tan-colored structures feature floor-to-ceiling
windows, grand central lobbies, and sunshades.
The initial phase, which is slated to finish in February, calls for three
buildings, totaling 150,000 square-feet. Panattoni Construction is the general
contractor. The entire complex is 2004. Stewart Title of Nevada and Vestin Group
are among the first tenants, occupying a combined 60,000 square-feet. Lease
rates run $1.75 a square foot modified gross, which means janitorial and
utilities are not included. Colliers International is the listing broker.
The valley's southwest location, a growing area projected to have 180,000
residents by 2005, has resulted in high Centra's president. In addition, the
project has quick freeway access and is equl-distant to Summerlin and Green
Valley.
The high-end office complex will be near other new
developments, including the University of Nevada, Las Vegas'
proposed 115-acre technology center at Sunset and Durango
roads, the $140 million, 130-bed Southern Hills Hospital on
West Sunset Road, just east of Fort Apache Road, and a planned
$190 million, 140-bed St. Rose Dominican Hospital on Warm
Springs Road, between Durango and Buffalo drives. |
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