Las Vegas: Four Fremont Street properties sell for $11M

Las Vegas: Four Fremont Street properties sell for $11M

Article brief provided by Las Vegas Review-Journal
  • Patrick Blennerhassett, Las Vegas Review-Journal
February 22, 2024 2:05 PM
  • Patrick Blennerhassett, Las Vegas Review-Journal

A Las Vegas developer has bought four prominent Fremont Street properties for $11 million.

Story continues below

The Siegel Group purchased the buildings at 517, 523 and 525 Fremont St., along with 100 S. 6th St. around the corner, the buyers confirmed to the Las Vegas Review-Journal. The seller was T-Bro II LLC, a subsidiary of Tamares Group, a real estate investment company that also owns the Plaza Hotel & Casino.

Stephen Siegel, chief executive officer of The Siegel Group, said the company has no immediate plans for the properties, but the opportunity to purchase them was one they could not pass up.

“We have nothing planned, we just thought it was an unbelievable location and something that is very hard to purchase,” he said of the off-market, all-cash transaction.