New Airport Class-A office complex breaks ground

A new $50 million, 180,000-square-foot Class A office complex recently broke ground at Sunset and Pilot Roads. Situated on 9 acres, the Sunset Pilot Plaza will consist of two, 3-story buildings with divisibility from 5,000 square feet. (One building is 100,000 square feet, and the other is 80,000 square feet.) The project is a joint-venture development between Stoltz Management Co., a Bala Cynwyd, Penn.-based real estate developer, and GoldenTree InSite Partners, a New York-based investment firm.

“Sunset Pilot Plaza provides excellent access to the Beltway and Strip, McCarran International Airport and I-15,” said Wes Jenson, senior vice president of Stoltz’s Las Vegas office. “It central location will allow tenants to draw from a broad labor pool throughout the valley, since it’s equidistant between Green Valley and Summerlin.”

Designed by JMA, the project consists of steel-framed buildings with floor-to-ceiling glass windows and a 4.5:1,000 parking ratio. It will also have a 10,000-square-foot elaborately landscaped interior courtyard with Wi-Fi, seating and a food vendor. The common areas feature stone floors, stainless steel accents, and wood paneled walls.

The first building will open in the first quarter of 2008. Martin Harris Construction is the general contractor. Building two will follow with expected completion in the first quarter of 2009. Asking rents are $3.10 to $3.25 per square foot, full-service. The plaza could see over 500 employees a day upon completion.