CHICAGO, February 26, 2020 – Mesirow (the “firm”) today announced the acquisition of the new Las Vegas Raiders corporate headquarters, a 323,000 square foot building located in Henderson, Nevada that includes a team training facility, a performance center and general office space. The Raiders organization will lease back the property for a 29-year term with an additional 70 years of extension options.
Led by Senior Managing Directors Douglas Barker and Garry Cohen, Mesirow’s Sale-Leaseback Capital group arranged for the facility’s purchase. Acquisition financing was structured in collaboration with the firm’s Credit Tenant Lease (CTL) and Institutional Sales and Trading groups.
“We are thrilled to partner with the Raiders as the team transitions to its new state-of-the-art home in Las Vegas,” remarked Douglas Barker, Senior Managing Director, Mesirow Financial Sales Leaseback Capital group. “With a rich and distinct history as a founding member of the American Football League, and as a member of the National Football League’s AFC West division today, the Raiders organization continues to display a relentless commitment to excellence and good sportsmanship.”
Mesirow’s breadth of specialized expertise, depth of relationships and balance sheet strength has enabled the firm to execute more than $6 billion in sale-leaseback transactions while serving the long-term strategic needs of organizations such as the Raiders.