Joint Venture Acquires Town Square in Las Vegas

Town Square is a 1.1 million-square-foot lifestyle center located in Las Vegas. (Image courtesy of Wikimedia Commons) Town Square is a 1.1 million-square-foot lifestyle center located in Las Vegas. (Image courtesy of Wikimedia Commons)

Las Vegas — A joint venture between TH Real Estate and Fairbourne Partners has acquired Town Square, a 1.1 million-square-foot lifestyle center comprised of 26 buildings in Las Vegas.

The property is 90 percent occupied by tenants including Apple, Whole Foods Market, H&M, Victoria’s Secret, Saks Off 5th and The Container Store. Solar City, a company led by Elon Musk, also leases approximately 113,000 square feet of office space at the property. TH Real Estate will be the majority holder, taking an 85 percent stake in the property.

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