Former bakery building up for sale in downtown Las Vegas

When developer Jeff LaPour bought the shuttered Holsum bakery successful downtown Las Vegas, it inactive had a commercialized oven that, helium recalled, was the size of astir apt 2 semitrailers.

Workers had to chopped it isolated with torches and haul it retired successful pieces.

Nearly 2 decades later, the erstwhile breadstuff gathering is location to architecture firms, a modeling agency, a photograph workplace that offers the “perfect immersive acquisition for your selfies” and a marijuana investigating firm.

And now, LaPour wants to sell.

Listing brokerage Colliers International announced Monday that Holsum Lofts, 241 W. Charleston Blvd., conscionable eastbound of Interstate 15, is connected the market.

No asking terms was given.

The 46,831-square-foot complex is 67 percent occupied, Colliers said.

Its main vacancy, astatine 12,890 quadrate feet, was antecedently location to NS8, a cyberfraud-prevention steadfast that filed for bankruptcy past year aft its erstwhile main enforcement was arrested and charged with securities fraud.

LaPour said that 1 connection for Holsum Lofts came successful connected Monday and that helium expects a fewer much successful the adjacent week oregon so.

A merchantability would people the culmination of LaPour’s astir 20-year tally with the property, including done the existent property clang of a decennary oregon truthful ago, and travel a surge of caller businesses mounting up store successful the adjacent Arts District.

Asked wherefore helium decided to sell, LaPour, laminitis of LaPour Partners, pointed to his agelong ownership of Holsum Lofts and noted that helium has changed his absorption to larger-scale projects.

For instance, helium is processing a astir 100,000-square-foot office building successful the southwest vale with G2 Capital Development, and helium announced aboriginal this twelvemonth that helium broke ground connected a astir 340,000-square-foot concern analyzable successful Henderson.

He besides said Holsum Lofts is simply a comparatively ample gathering for downtown and boasts unsocial architecture.

The gathering is possibly best-known to passersby for its multicolored Holsum Bread signage extracurricular that proclaims “hours fresher” and includes a monolithic clock.

LaPour acquired the 1950s-era operation successful 2003 and reportedly envisioned a mixed-use installation with creation galleries, offices, retail abstraction and live-work lofts. He yet scrapped the residential plans.

He indicated Tuesday that helium was drawn to the shuttered bakery by its history, plan and determination on a engaged thoroughfare adjacent a freeway interchange.

Like countless different properties successful Southern Nevada, Holsum Lofts besides faced a volatile clip aft the mid-2000s existent property bubble burst and the broader system tanked.

LaPour said helium couldn’t refinance the property’s owe due to the fact that fiscal markets had collapsed, and the lender sold the indebtedness to investors who tried to foreclose connected the complex.

In summertime 2012, helium filed Chapter 11 bankruptcy extortion for the property, tribunal records show.

LaPour said the determination was intended to stave disconnected the foreclosure and springiness him clip to refinance, which helium yet did.

Contact Eli Segall astatine esegall@reviewjournal.com oregon 702-383-0342. Follow @eli_segall connected Twitter.