Pacific Group has announced the acquisition of 135-acre job creation zone site in North Las Vegas for $36.85 million. The firm and City of North Las Vegas executed a purchase agreement in March, 2022 and a development agreement in April for a medical destination campus located at Pecos and Interstate 215, across from the VA Hospital.
This project will be completed in phases over the next 10 years and is anticipated to include over 2 million square feet of tech, research, and medical office space; over 500,000 square feet of retail and restaurant space; over 700 hospital and medical beds, and approximately 250 hotel rooms.
Pacific Group was awarded the master developer role of the project after a selection and review process by the city of North Las Vegas.
Bryan Houser of NAI Vegas worked with both the buyer, Pacific Group, and the seller, the City of North Las Vegas, to facilitate the sale.