MIG ACQUIRES 151,662-SF MIXED-USE PROPERTY

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LAS VEGAS — MIG Real Estate, which was formerly known as Stoneridge Capital Partners, has acquired the 151,662-square-foot Rainbow Corporate Center in Las Vegas through the property’s special servicer. The sale terms were not disclosed. Rainbow Corporate Center is a mixed-use property that consists of two three-story office buildings comprising 147,116 square feet, as well as a 4,546-square-foot, single-story retail building that is anchored by a Starbucks. Cushman & Wakefield’s Michael Roberts, Steve Rowland, Bob Hawkins and Dana Berggren represented the seller. Newport Beach, CA-based MIG represented itself. MIG has closed about $300-million worth of West Coast acquisitions in the past two years, including properties in California, Arizona, Nevada, Colorado, Hawaii and Edmonton, Alberta.

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