Nevada GrantLab Purchased Downtown Office Building
The 67,000-square-foot property at 701 E. Bridger Ave. sold for $6.3 million in September 2026.
Updated on Oct. 6, 2026 in Commercial
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Nevada GrantLab has acquired a downtown office building from the estate of the late Tony Hsieh. The transaction for the 1984-era building closed in September 2026.
Why it matters
The sale of the Bridger Avenue property represents a shift in ownership for a key piece of the downtown landscape. The building remains partially occupied as the new owners begin long-term planning for the site.
Property records confirm the sale of the 67,000-square-foot office building for $6.3 million. The facility is currently 69 percent leased, though specific plans for the remaining capacity are not yet known.
The players
Nevada GrantLab
The organization that purchased the office building and maintains existing operations on the sixth floor.
Tony Hsieh
The late entrepreneur and former downtown investor whose estate managed the sale of the property.
Richard Hsieh
The manager of the estate of Tony Hsieh who oversaw the transaction.
The details
Nevada GrantLab, which currently occupies 6,600 square feet on the building's sixth floor, finalized the purchase from the estate of Tony Hsieh. The structure, located at 701 E. Bridger Ave., was constructed in 1984 and underwent a renovation in 2004. The deal places the firm in control of the full property, which sits adjacent to the Las Vegas Academy of the Arts campus.
Timeline
1984: The office building was originally constructed.
2004: The building underwent a renovation.
Nov. 27, 2020: Tony Hsieh died.
September 2026: The building sale officially closed.
Beyond the Strip
This transaction represents a change in ownership for real estate previously held under the $350 million Downtown Project initiative. It follows a pattern of portfolio consolidation by the estate of Tony Hsieh following his 2020 death.
The transition of the building at 701 E. Bridger Ave. to new ownership will not impact public street access or traffic in the immediate vicinity. Visitors to the nearby Las Vegas Academy of the Arts should expect business as usual.
The takeaway
The acquisition by Nevada GrantLab secures their permanent footprint within the downtown core. Watch for future development filings with the city as the organization outlines its long-term strategy for the 67,000-square-foot facility.
Further reading
For more on office market trends in our area, visit Commercial.
Source note: This article includes information reported by Las Vegas Review-Journal.
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