Stable Development Adds Summerlin MOB to its Stable

Stable Development recently announced the acquisition of a Class A office building in Las Vegas Valley. The company purchased the Longford Medical building, and it has already completed a large amount of leases for the property, with roughly half of the available space occupied. The new owner is set to line up a number of improvements to the exterior and interior. Change will also come to the property’s name, as Stable Development is renaming the property as The Parkway, in relation to its location, facing the Summerlin Parkway.

Stable Development has acquired Longford Medical Center, a 130,000-square-foot Class A medical office building located at 7465 West Washington Ave., the company announced Oct. 14. Coinciding with its ownership change, the building is also getting a new name: The Parkway, a reference to its location near Summerlin Parkway. The property is the company’s first in the Summerlin area.

Stable has recently leased a total of 70,000 square feet on the building’s third and fourth floors to medical tenants. The new owner is planning a makeover to the exterior and interior, as well as adding surgery center and elevator shaft to the west corridor.

According to Brett Bradford, vice president of Stable, the company is “looking forward to creating a new landmark for the Summerlin Parkway corridor and to servicing the medical professionals that are excited to move into The Parkway.”

Also in Stable’s development pipeline is Building G at Corporate Center, scheduled for completion in February 2015.  Previous local projects completed by Stable include the Coronado Medical Center in the St. Rose/Anthem corridor, and Seven Hills Business Plaza in the Seven Hills/Anthem area.