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Summerlin, Nev. — Faris Lee Investments has arranged the $51 million sale of a freestanding, 145,000-square-foot single-tenant property triple-net leased to Life Time Fitness in the Las Vegas suburb of Summerlin.
Matthew Mousavi and Patrick Luther of Faris Lee Investments worked on behalf of the undisclosed buyer and the institutional seller in the transaction. The property features amenities including indoor and outdoor pools, basketball and racquet courts, group fitness programs, personal training, child care centers, cafes and spas.