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Category – September 2013

Cheyenne Smoke Shop Signs 5-Year Lease

Cheyenne Smoke Shop Signs 5-Year LeaseCheyenne Smoke Shop signed a 5-year $84,031 lease for 1,433 square feet of retail space inside the 8-year-old Cheyenne Marketplace, on 8.45 acres, at 1366 W Cheyenne Avenue, Suite 106, in Las Vegas. Newmark Grubb Knight Frank’s Nelson Tressler and Michael Zobrist represented the lessor, Cheyenne Marketplace LLC. The reported average rent equals 98 cents per square foot. 

 

Redline Wheels Renews Industrial Lease

Redline Wheels Renews Industrial LeaseRedline Wheels signed a 25-month $42,750 lease for 5,896 square feet of industrial space inside the 29-year-old North Losee Industrial Center, on 2.82 acres, at 4222 Losee Road, Suite I, in North Las Vegas. Newmark Grubb Knight Frank’s Kara Walker represented the lessor, The Kuwasaki Family LP; Griffis Realty Investments’ Joe Griffis represented the lessee. The reported average rent equals 29 cents per square foot. 

 

 

OSA West Signs $1.8 Million Lease

OSA West Signs $1.8 Million LeaseOSA West Inc. signed a 5-year $1,860,483 lease for 56,725 square feet of industrial space inside KTR Capital PartnersArrowhead Commerce Center at 6275 S. Sandhill Road, Suites 300 to 600, in Las Vegas. Colliers International’s Spencer Pinter, Dan Doherty and Chris Lane represented the lessor, KTR LV II LLC. The reported average rent equals 55 cents per square foot triple net. 

 

Kirvin Doak Pays $1.3 Million for Office Building

Kirvin Doak Pays $1.3 Million for Office BuildingKirvin Doak Communications bought a 7-year-old 18,334 square-foot office building inside Patrick Commons, on 1.9 acres, at 5230 W. Patrick Lane in Las Vegas for $1,320,000, or $72-per-square-foot, from One Nevada Credit Union. Sun Commercial Real Estate’s Jeff Berg and Mica Berg represented the seller; Colliers International’s Mike Delew and Greg Pancirov represented the buyer.

 

Talecris Plasma Resources Signs $752,663 Lease

Talecris Plasma Resources Signs $752,663 LeaseTalecris Plasma Resources signed a 5-year $752,663 lease for 11,000 square feet of retail space at 3250 N. Las Vegas Boulevard, Suite A, in Las Vegas. Newmark Grubb Knight Frank’s Chris Godino and David Lipp represented the lessor, Manaso Investments LLC; CB Richard Ellis’ Carla Cole represented the lessee. The reported average rent equals $1.14 per square foot. 

Body Focus Fitness Joins Warm Springs Plaza

Body Focus Fitness Joins Warm Springs PlazaBody Focus Fitness signed a 5-year $468,000 lease for 10,400 square feet of retail space inside the 23-year-old Warm Springs Plaza, on 6.33 acres, at 7380 S. Eastern Avenue, Suite 109-C, in Las Vegas. Newmark Grubb Knight Frank’s Eric Berggren represented the lessor, Warm Springs Plaza LLC. The reported average rent equals 75 cents per square foot. 

 

Pecos Russell Plaza Signs 5-Year Lease

Pecos Russell Plaza Signs 5-Year LeaseJung Ja Hwang signed a 64-month $44,600 lease for 1,000 square feet of retail space inside Pecos Russell Plaza at 3380 E. Russell Road, Suite 109, in Las Vegas. Virtus Commercial’s Preston Abell and Andrew Fehrman represented the lessor, 3380 Partners; New Star Realty’s Young Lim represented the lessee. The reported average rent equals 70 cents per square foot. 

Actus Biotechnologies Signs 2-Year Lease

Actus Biotechnologies Signs 2-Year LeaseActus Biotechnologies Inc. signed a 2-year $47,224 lease for 1,609 square feet of office space inside Flamingo Pointe at 9516 W. Flamingo Road, Suite 205, in Las Vegas. Voit Real Estate’s Paula Lea represented the lessor, Flamingo Pointe Partners LLC; Property Source’s Tom Fehrman represented the lessee. The reported average rent equals $1.22 per square foot. 

 

Vegas Discount Vapors Signs 5-Year Lease

Vegas Discount Vapors Signs 5-Year LeaseVegas Discount Vapors signed a 64-month $54,300 lease for 1,000 square feet of retail space inside Pecos Russell Plaza at 3380 E. Russell Road, Suite 110, in Las Vegas. Virtus Commercial’s Preston Abell and Andrew Fehrman represented both the lessee and lessor, 3380 Partners. The reported average rent equals 85 cents per square foot.

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