Boyd Gaming to build new headquarters

Boyd Gaming Corp is planning to construct two 10-story office buildings at the northeast corner of Buffalo Drive and Sunset Road. For this, Boyd already purchased a 10.8-acre site from Las Vegas businessman Jason Awad, which just a mile or so west of Boyd’s current primary office building.

The proposed buildings would span 322,600 and 316,600 square feet, respectively, and includes a six-level parking garage.

The company does not have a construction timeline, and the campus it builds might differ from what is outlined in county planning documents, as those reflect the maximum Boyd can develop, spokesman David Strow said.

CBRE Group broker Randy Broadhead, an office specialist, said that it’s rare for a casino operator to build a corporate campus in Las Vegas. But quality office space is “getting hard to find” along the 215 Beltway, and that might have prompted Boyd to build its own.

Plus, barring “another massive recession,” land prices aren’t getting cheaper, office broker Dan Palmeri of Cushman &Wakefield said.

“The company now has 29 properties and more than 25,000 employees.

We’ve grown substantially as a company over that time period, and as a result, we’ve simply outgrown this location,” Strow said. “Boyd also wants to house its corporate personnel in one spot. Most are based at the Rainbow and Sunset building, but senior executives work from the Hughes Center office park near the Strip, and other staffs are based elsewhere. The goal is to have everyone working under one roof,” he added.