TH Real Estate Acquires Town Square Las Vegas

The company has teamed up with Fairbourne Partners to purchase the 1.1 million-square-foot lifestyle center.

Las Vegas—TH Real Estate has expanded its retail holdings in Las Vegas with the acquisition of an 85 percent share in Town Square Las Vegas, a 1.1 million-square-foot lifestyle center, along with minority stakeholder Fairbourne Partners.

Town Square Las Vegas
Town Square Las Vegas

The price of the transaction for the 100-acre Class A retail center with 26 buildings was not disclosed.

TH Real Estate, an investment affiliate of Nuveen that was formerly known as TIAA Global Asset Management, is a real estate investment management holding company owned by TIAA with $96 billion in assets under management. The purchase of Town Square Las Vegas was made on behalf of its T-C US Super Regional Mall Fund LLC. The firm announced in August that it had closed the fund after raising $1.25 billion from investors and planned to invest in “dominant super-regional malls via ventures with top tier operators.”…

TH Real Estate Acquires Town Square Las Vegas

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