Transwestern Expands Property Management Portfolio
- Nov 02, 2017
Griffin Capital selected Transwestern to handle the property management duties for four office buildings in Las Vegas. Situated in the Spring Valley and Paradise submarkets, the assets total a little more than 390,000 square feet.
Located at 6355 S. Buffalo Drive, the 222,268-square-foot Class A building is Griffin’s largest office asset in the market. Completed in 2007, the three-story asset features more than 450 parking spaces. According to Yardi Matrix data, Griffin acquired the property in 2016 from Panattoni Development for $66.5 million. The other three assets are located at 840, 880 and 950 Grier Drive, next to the McCarran International Airport and Interstate 215. Griffin purchased the buildings in 2015 from CIP Real Estate for $33 million.
Transwestern provides asset services for nearly 7 million square feet of Griffin properties across the country. Senior Vice President Nicole Audette oversees the management teams, coordinating property management, financial, engineering and sustainability services.
At the end of last month, Velocis selected Transwestern to lease and manage Legacy Oaks Medical Plaza, a 224,000-square-foot San Antonio medical office complex.
Image courtesy of Yardi Matrix