World Market Center in downtown Las Vegas is being sold to a real estate giant based in New York.
The Blackstone Group reached a deal to buy International Market Centers, which owns and operates the World Market Center as well as another showroom space in North Carolina.
The building is 5.4 million square feet, but details and the price of the sale were not disclosed. Blackstone’s purchase is its latest in Southern Nevada.
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Over the past several years it has also bought the Cosmopolitan of Las Vegas, the Hughes Center office park and several apartment complexes. World Market Center rents year-round showroom space to home furnishing suppliers and hosts two industry gatherings per year.