September 20, 2013 / 7:30 PM / in 4 years

Blackstone's Equity Office buys Hughes Center in Las Vegas

NEW YORK, Sept 20 (Reuters) - Equity Office Properties, a subsidiary of Blackstone Group LP, on Friday said it bought Hughes Center, a portfolio of 10 office buildings, in Las Vegas for $347 million.

The acquisition of the 1.4 million square-foot campus comes out of Blackstone Real Estate Partners VII, the private equity group’s $13.3 billion real estate fund.

The seller was Crescent Real Estate Equities, an investment firm owned by Barclays Capital and Goff Capital, said a source familiar with the deal, who was not authorized to speak publicly about the deal.

Hughes Center is a 68-acre master-planned development located along Howard Hughes Parkway between Flamingo Road and Sands Avenue. Its tenants include Gordon Silver, Ameristar, Wells Fargo Bank Venetian, Boyd Gaming, Snell & Wilmer, and Lewis and Roca LLP.

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below