Haig S. Bagerdjian Acquires IGT Corporate Center Office In Las Vegas For $46M From Peakstone Realty Trust

An investor group led by Haig S. Bagerdjian acquired the IGT Corporate Center, located at 6355 South Buffalo Drive in Las Vegas, NV. This office asset spans 222,268 square feet and was sold for $46 million, equating to approximately $206.96 per square foot. The property was constructed in 2008 and underwent renovations in 2016. It serves as the headquarters for IGT, which has a lease in place through 2030, with options for extensions. The facility includes amenities such as a fitness center, restaurant, and conference facilities.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $46,000,000
• Buyer: Haig S. Bagerdjian
• Seller: Peakstone Realty Trust
• Broker: Newmark
• Square Footage: 222,268
• Price Per Square Foot: $207

The transaction was notable for the involvement of Haig S. Bagerdjian as the buyer's representative. The partnership with Newmark facilitated this deal for Peakstone Realty Trust, through which the property was marketed and transacted.