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Category – November 2012

The Bridger Office Building Secures Another Tenant

Bridger Office BuildingRobert S. Hatrak II of Virtus Commercial represented 701 Bridger, LLC in the lease of 1,835 square feet of office space at the Bridger Office Building,701 E. Bridger Avenue, Las Vegas, NV 89101. The tenant Conversion Media, LLC was represented by Dave Evenhouse and will occupy Suite 500. The total transaction value of this 36 month lease renewal is $132,720.

The approximate aggregate value of the transaction is $2.01 per square foot.

Sunrise Dental Joins Parkridge Center

Sunrise Dental Joins Parkridge CenterSunrise Dental signed a 7-year, $270,000 lease for 2,500 square feet of medical office space inside Parkridge Center at 1550 Horizon Ridge Parkway, Suite S, in Henderson. Avison Young’s Tony Amato represented the lessor, Horizon Ridge Partners LLC; New Growth Commercial Real Estate’s Jared Bergquist represented the lessee. The reported average rent equals $1.29 per

square foot.

NVAR Names Patty Kelly 2013 President

NVAR Names Patty Kelly 2013 President
PATTY KELLEY

The Nevada Association of Realtors (NVAR) named Patty Kelley of Kelley and Associates Real Estate as 2013 president. Other NVAR officers for 2013 include: Kolleen Kelley, president-elect; Kevin Sigstad, treasurer; and Blane Johnson, immediate past president. Kolleen Kelley is currently completing her one-year term as president of the Greater Las Vegas Association of Realtors (GLVAR), while Sigstad is doing the same for the Reno Sparks Association of Realtors (RSAR).

Rancho Vegas Plaza Sold for $435,000

Rancho Vegas Plaza Sold for $435,000Constantino Noval bought the 13-year-old, 9,770-square-foot bank-owned Rancho Vegas Plaza, 0.70 acres, at 3600 W. Vegas Drive in Las Vegas for $435,000, or $45-per-square-foot, from 3600 West Vegas Drive LLC. Sun Commercial Real Estate’s Cathy Jones, Paul Miachika, Jessica Beall, Jeff Berg, Mica Berg and Roy Fritz represented the seller; Gloria Levy represented the buyer.

P & R Plaza Sold for $851,000

P & R Plaza Sold for $851,000750 E. Pyle Avenue LLC bought the 6-year-old, 11,288-square-foot bank owned P&R Plaza, on 0.92 acres, to 750 E. Pyle Ave. in Las Vegas for $851,000, or $75-per-square-foot, from One Nevada Credit Union. Sun Commercial Real Estate’s Jeff Berg and Mica Berg seller; First United Management’s Arik Raiter represented the buyer. The strip retail center was 22% occupied at the time of sale.

Bank Owned Retail Building Sells for $1.27 Million

Bank Owned Retail Building Sells for $1.27 MillionLeposavic Family Trust bought a 6-year-old, 10,544-square-foot fully leased bank-owned retail-office building, on 1.1 acres, at 4005 and 4035 El Capitan Way in Las Vegas for $1.27 million, or $120 per square foot, from 4005 & 4035 El Capitan Way LLC. Sun Commercial Real Estate’s Cathy Jones, Paul Miachika, Jessica Beall, and Roy Fritz represented the seller; Sun Commercial Real Estate’s Jeff Berg and Mica Berg represented the buyer.

Collins Park Building Sells for $230,000

Collins Park Building Sells for $230,000Buckhead Capital Corp. bought a 5-year-old, 5,040-square-foot flex-industrial building, on 0.23 acres, inside Collins Business Park at 4346 E. Alexander Road in Las Vegas for $230,000, or $46-per-square-foot, from Alexander & Pecos LLC. Commercial Executives’ Soozi Jones Walker and Bobbi Miracle represented the seller; Realty Executives’ Mark Anthony Rua represented the buyer.

NAIOP Extends Impact Awards Deadline

NAIOP Extends Impact Awards DeadlineNAIOP Southern Nevada has extended its entry deadline for its 2013 Spotlight Event: the Impact Awards, until Friday, November 30. This program encourages and recognizes distinguished commercial development in Southern Nevada, while increasing public awareness of the outstanding services in shaping the community through project excellence. For more information, CLICK HERE.

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