The Siegel Group announced that it had acquired 517, 523 and 525 Fremont Street and 100 S. 6th Street in downtown Las Vegas. The off-market transaction was closed in under 30 days in an all-cash purchase of $11 million.
Sitting on half a city block along Fremont Street and located between Las Vegas Boulevard and 6th Street, the acquisition included four contiguous retail properties comprising more than 19,000 square feet of leasable space fully occupied by a mix of successful restaurant, bar and nightclub tenants. The area is very popular among both locals and visitors for its wide range of nightlife activities and is located just steps from the world-famous Fremont Street Experience, the second-busiest pedestrian street in America, which attracts more than 24 million visitors annually.
