LVGEA Announces New Home

“This is an exciting time for LVGEA. The new partnership with Marnell Companies will allow us to expand our LVGEA team and efforts in the coming years to bring more companies and investments to our region,” said Jonas Peterson, LVGEA president and chief economic development officer.  “We’re really looking forward to the opportunities our new home is going to afford our team.”

The build-to-suit floor plan in the Marnell Corporate Center 5 building will eventually become not only an office, but a showroom accentuating the region’s attractiveness for visiting economic development clients. The LVGEA will occupy 8,400 square feet on the third floor of the building at 6720 Via Austi Parkway, where the iconic building will be branded with the logo and name of the LVGEA.

The economic development organization will be vacating its current offices at the Innevation Center on June 1 and taking up residency at Marnell Corporate Center, which consists of nearly 400,000 square feet of Class A office space master planned and developed by Marnell Properties.

“We are very excited for this partnership and our new home,” said Ray Specht, chairman of the LVGEA board of directors.  “For more than two years, Rob Roy and Switch provided LVGEA free office space in a premier location for which we are very thankful.  This incredible investment from Rob and Switch got LVGEA to where we are today, and we wouldn’t be on this trajectory of success without their support. No individual or company has every made this type of investment in economic development in our history. Now, as we transition from start-up power to staying power, we are equally thrilled to strike this new partnership with Marnell Companies.”

The LVGEA board of directors unanimously approved the terms of the 11-year proposal for lease.

Peterson led the search for the new office space. The search committee examined proposals from several outstanding properties around the valley.

“After reviewing several options we felt the Marnell Corporate Center is the perfect location to support the long-term growth and vision of the LVGEA,” Peterson said.

The LVGEA anticipates clients will be able to easily access the new office because of its central location south of McCarran airport at the confluence of the Las Vegas Beltway and Interstate 15.

Marnell Companies is an investor in the LVGEA and Brad Schnepf, Executive Vice President of Marnell Properties, serves on the LVGEA board.

“Marnell Companies is a strong supporter of regional community and economic development and when we heard that the LVGEA was seeking office space we wanted to offer an attractive partnership that would highlight the LVGEA brand, provide the organization with long term stability and the opportunity to build-out a showcase office that will impress clients considering relocating to the Las Vegas region,” said Schnepf.

The LVGEA will be taking temporary space at the Marnell Corporate Center 5 building as the organization’s custom suite is developed during the next few months.

About Las Vegas Global Economic Alliance:

The Las Vegas Global Economic Alliance is a 501(c)6 membership organization dedicated to growing the economy in Southern Nevada through connectivity, community development, and strong business recruitment, retention and outreach.  LVGEA’s vision is to help Southern Nevada residents thrive in a global economy by fostering a more prosperous, diverse and connected regional economy.  For more information, call 702.791.0000 or visit www.www.lvgea.org.

About Marnell Properties:

Marnell Properties is a member of the Marnell Family of Companies, which for nearly three decades has defined the look of the Las Vegas skyline with its unique Architecture, Construction and Real Estate expertise.  Marnell Properties focuses on real estate development, acquisition and management of commercial, income-producing real estate holdings. For information, call 702-739-2999 or visit www.marnellproperties.com.