by Madalina Pojoga | Commercial Property Executive

In Henderson, Nev., some 16 miles southeast of Las Vegas, a joint venture is investing $30 million in redeveloping a former 100,000-square-foot, two-building office campus into an open-air retail center. And many could see this office-to-retail conversion as a bold move considering the retail industry has been facing its own set of challenges over the past decade. But the team behind the project is banking on local metrics and the fact that residents don’t have access to similar centers in the immediate area.