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Category – August 2013

Hughes Center Inks $600,000 Lease Renewal

Hughes Center Inks $600,000 Lease RenewalCooksey, Toolen, Gage, Duffy & Woog signed a 39-month $597,537 lease renewal for 6,216 square feet of Class A office space inside Hughes Center at 3930 Howard Hughes ParkwaySuite 200, in Las Vegas. MDL Group’s Jarrad Katz and Galit Kimerling-Moreau represented the lessee; Colliers International’s Tom Stilley, Lizz StilleyPatti Dillon, and Ryan Martin represented the lessor, Crescent Real Estate Equities LP. The reported average rent equals $2.46 per square foot.

Henderson Industrial Building Sold for $865,000

Henderson Industrial Building Sold for $865,000JG & Partners LLC bought a 16-year-old 12,300-square-foot flex-industrial building, on 0.79 acres, at 611 Cape Horn Drive in Henderson for $865,000, or $70-per-square-foot, from Brandon and Heather Keith and De Oro 123 LLC. Wardley Real Estate’s Peter Guzman represented the buyer; MDL Group’s Jarrad Katz and Galit Kimerling-Moreau
represented the seller.

Bank Owned Office Building Sold for $380,000

Bank Owned Office Building Sold for $380,000TIB LLC bought a 6-year-old 3,714-square-foot office building inside Shea at Tenaya Village,  on 10.06 acres, at 7435 W. Azure Drive, Suite 190, in Las Vegas for $380,000, or  $102-per-square-foot, from Zions National Bank. Sun Commercial Real Estate’s Roger Jeffries III represented the seller; The Equity Group’s Adam Malan represented the buyer.

South Shores Professional Center Sold for $2.9 Million

South Shores Professional Center Sold for $2.9 MillionJAM Properties bought the 17-year-old 29,482-square-foot South Shores Professional Center, on 2 acres, at 8440 W. Lake Mead Blvd. in Las Vegas for $2.89 million, or $98-per-square-foot, from South Shore Professional Center LLC. Sun Commercial Real Estate’s Cathy Jones, Paul Miachika, Jessica Beall, and Roy Fritz represented the seller; Exit Realty’s Jody Wallace Jr. represented the buyer.

Marshall Law Group Signs $216,000 Lease

Marshall Law Group Signs $216,000 LeaseMarshall Law Group signed a 62-month $216,000 lease for 3,646 square feet of office space inside the 2-story, 11-year-old Buffalo Professional Center, on 2.46 acres, at 1333 N. Buffalo Drive, Suite 120, in Las Vegas. Virtus Commercial’s Rob Hatrak represented both the lessee and lessor, Buffalo Professional Center LLC. The reported average rent equals 96 cents per square foot.

The Love Store Signs $483,380 Lease

The Love Store Signs $483,380 LeaseThe Love Store signed a 65-month $483,380 lease for 12,233 square feet of retail space inside Plaza Del Paseo at 2100 S. Rainbow Blvd. in Las Vegas. Cushman & Wakefield-Commerce’s Todd Manning represented the lessee; Colliers International’s Tom Naseef and Jeff Naseef represented the lessor, Coleman Family Trust. The reported average rent equals 61 cents per square foot.

CreditBox.com Signs 3-Year Office Lease

CreditBox.com Signs 3-Year Office LeaseCreditBox.com signed a 3-year $16,164 lease for 359 square feet of office space inside the 32-year-old Flamingo Grand Plaza at 1050 E. Flamingo Road, Suite S-108, in Las Vegas. Colliers International’s Ryan Martin, Patti Dillon, Tom Silley and Lizz Stilley represented the lessor, FKC Flamingo LLC. The reported average rent equals $1.25 per square foot.

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