Allegiant signs deal to acquire new headquarters

Washington DC
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Allegiant Travel Company, the parent company of Allegiant Air, has agreed to purchase 10 acres (4.05ha) of land, including five office buildings, in northwest Las Vegas for $12.3 million, and expects to relocate its corporate headquarters there after the sale is complete.

The company signed a purchase and sale agreement in recent days to acquire the property, which contains roughly 40,000 square metres (130,000 square feet) of office space, from sellers Crossing Business Centre 1 and 2 LLC, and Crossing Business Centre 7 LLC, according to a document filed with the US Securities and Exchange Commission.

Allegiant says it intends to close the deal before the end of the second quarter of 2013 and will move into the space after completing renovations, according to the filing.

Allegiant did not immediately respond to questions seeking comment.

The document did not say what Allegiant intends to do with its current headquarters, which is located on Durango Drive in Las Vegas. That space is leased from an unnamed limited liability company, according to Allegiant's 2012 annual report. Allegiant's chief executive Maurice Gallagher and two directors own "significant interests" in the limited-liability company.

Allegiant also leases office space for a training facility in a building adjacent to its current headquarters.