(Las Vegas, NV) - Savant Investment Partners announced that is has officially acquired JBA Consulting Engineers international headquarters building in Las Vegas, Nevada, striking a deal to buy the 27,500 square foot office facility on more than 2 acres for $6.1 million. The purchase was part of a sale-leaseback transaction with the agreement for JBA to lease the property back under a long-term lease, as the company plans to continue its operations indefinitely from this office. Savant is extraordinarily confident in its arrangement with JBA, a 50-year old company with an impeccable track record. JBA was founded by Ralph Joeckel in 1966 under a company that became JBA Consulting Engineers. Since the 1960’s JBA has performed Civil Engineering services around the world, including an estimated 80% of all projects on the Las Vegas Strip. JBA’s clients include: Caesars Entertainment, Bally’s, Four Seasons, Cirque Du Soleil, The City of Las Vegas, MGM Resorts International and the Las Vegas McCarran Airport.
"We are really pleased with this acquisition - JBA is a great company with amazing people who do a lot for the continued growth of our community, as well as many other major projects around the world. We feel strongly that the southwest Las Vegas valley is going to continue to be a great place for us to invest, and this office building will be a great addition to our portfolio," said Jordan Wirsz, Chairman and CEO of Savant Investment Partners. "We couldn’t be happier to be working with the folks at JBA. They are very professional, sharp, and have amazing integrity."
Savant represented themselves in the purchase through Jordan Wirsz and their affiliate Savant Commercial Real Estate.
Savant Investment Partners and Savant Commercial Real Estate are headquartered in Las Vegas, Nevada. Savant’s acquisition of the JBA Consulting Engineers office building marks the second sizable sale-leaseback transaction in Nevada this year. The Savant group of companies owns and operates a portfolio of high quality real estate throughout the United States, with an emphasis on the Southwestern states and specifically the Company’s home market of Las Vegas, including Industrial, retail, and office buildings. Savant continues to acquire and develop commercial real estate in growth-trending areas. Savant’s CEO, Jordan Wirsz, is a nationally recognized and award-winning businessman who has become a notable real estate investor.