World Market Center Las Vegas 3rd Building Sold Out Ahead Of Schedule
World Market Center Las Vegas third building is leased ahead of schedule. Building C is a 2.1 million square foot building at the World Market Center real estate. This commercial building is worth $540 million and make the World Market Center 5 million square feet totalling $1.1 billion. The entire Las Vegas commercial development is scheduled for completion in 2013 with a total of 12 million square feet and worth $2 billion.
Shawn Sampson and Jack Kashani eight years ago thought of the idea of The World Market Center in Las Vegas, Nevada. Three years ago the Related Cos. LP from New York, NY helped finance the project.
This largest trade complex in the world is an integrated hospitality contract furnishings showroom, integrated home and a Las Vegas convention complex. The center will be a major destination for manufacturers and designers to show their latest products to the wholesale trade. World Market Center LLC last week had a convention occupying 3.8 million square feet. There were more than 50,000 attendees at the trade show and 250 new exhibitors with plenty of international buyers.
The mega real estate development saw its first 1.3 million square foot building in mid 2005. The 1.6 million square foot Building B worth $345 million was completed the beginning of this year.
Building C in the market center is fully leased of has signed commitments. Some of the new tenants include Mohawk, Pacific Coast Lighting, Sligh Furniture and Lexington.
The third 16 story building will be connected to the second building with sky bridges on many levels. A previous lease signed last year was about $24 per square foot, triple net for a space on the 13th floor with 16,000 square feet.
Located near the World Market Center is 5.4 acres of land that is soon to be home of a large jewelry outlet. Late last year, real estate developer Robert Zarnegin from Beverly Hills, California, announced plans to build a 50 story, one million square feet gem and corporate jewelry trade offices along with condominiums. Adjacent to the property will include a café, museum and jewelry retail shops to the public.
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World Market Center Las Vegas 3rd building sold out ahead of schedule.