The complex, comprised of twin mid-rise buildings at 1850 and1900 E. Flamingo, is owned by the Truck Underwriters Association.The Los Angeles-based association paid approximately $30 millionfor the property in 2004.


The county's 10-year, full-service lease agreement for thelowest portions of both buildings calls for initial monthlypayments of $201, 450.60 ($1.95 per sf) that increase by 3.75%annually. The county may extend the extend the lease three times,first by five years and then twice more in three-yearincrements.


The total lease consideration is approximately $37 million, notincluding $7 million the county will spend outfitting the space.Approximately two-thirds of all expenses will be reimbursed by thestate of Nevada, according to the county. The state also willsublease from the county approximately 12,000 sf.


The County District Attorney Family Support Division andDistrict Courts is currently located in a Count-owned building at301 Clark Ave. The lease can be extended first by five years andthen twice by three years.

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