The developer is Charleston Pavilion LLC, which is comprised ofboard members of the Business Bank of Nevada, the anchor tenant. CBRichard Ellis, the brokerage with the leasing assignment, expectsthe project will be fully leased prior to occupancy, which isscheduled for May 2007. The largest contiguous availability isabout 25,000 sf on the third floor. The asking lease rate is $2.60per sf per month, which equates to an annualized rate of $31.20 persf.

The bank likely will be the largest tenant with about 35,000 sf.The bank will occupy space on the ground, second and sixth floors.The bank said this week its executives will share the top floorwith Fertitta Enterprises, a prominent gaming company in town thatjust recently signed a lease for about 9,000 sf. Other signedtenants include the Law Offices of Dan Goodsell and Mike Olsen,Harris and Associates, Clark Seegmiller and Associates, and Coffeyand Rader CPA's.

"Between CBRE and the contacts the bank has and the visibilityand high-profile nature of some of the other tenants, I'd say we'reprobably doing better than we had expected," Business Bank ofNevada SVP Paul Stowell tells GlobeSt.com. "In the next 30 to 60days, we will be announcing other high-profile companies that willbe leasing space."