UFC Purchases Land For New Las Vegas HQs Near Arenas, Airport
UFC CFO John Mulkey said that the parent company Zuffa "plans to build a corporate base" on 24 acres of land it has purchased for $7.8M along the Las Vegas Beltway, according to Jennifer Robison of the LAS VEGAS REVIEW-JOURNAL. As Zuffa "expanded over the last decade, it cobbled together space as needed through leases and building purchases here and there," but mostly near the Palace Station casino. Mulkey said, "We've gotten to the point where we needed one solution for our needs going forward." He said that the new site "appealed to the company for its quick access to McCarran International Airport, and to UFC venues such as MGM Grand Garden Arena." Mulkey added that the area around the site is "relatively undeveloped, which will give Zuffa some flexibility in what it builds." While Mulkey did not offer an estimate for construction cost or to set a date for groundbreaking or occupancy, Zuffa real estate broker Kevin Higgins said that a site that size "could accommodate 300,000 square feet of space." Mulkey said that it also is "too soon to say how many employees the headquarters would house over the next decade" (LAS VEGAS REVIEW-JOURNAL, 8/28).