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Area Development - Site Selection, Facility Planning and Workforce Development

Hughes Airport Center Purchased for $92 Million in Las Vegas, Nevada

02/14/2018
Hughes Airport Center, a 13-building multi-tenant industrial complex strategically located in the industrial corridor between McCarran International Airport, Interstate 15 and Interstate 215, has been purchased in Las Vegas, Nevada.

"This is a best-in-class asset, the largest of its scale in the Las Vegas airport submarket, and our firm's biggest transaction to date," Brian Malliet, co-founder and CEO of bkm Capital Partners. "We appreciated the expertise of CIT in helping arrange financing for this project."

CIT Group Inc., a leading provider of commercial lending and leasing services, reported its Real Estate Finance business provided a $92 million senior secured credit facility to bkm Capital Partners, an investment firm specializing in commercial and industrial real estate, to support its fifth acquisition in Las Vegas, Nevada.

"We are pleased to continue to build on our relationship with bkm Capital Partners by providing financing for their latest commercial real estate acquisition," said Matt Galligan, President of CIT's Real Estate Finance unit. "This transaction demonstrates how CIT's secure financing capabilities can help maximize value for real estate investors and developers."

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