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Category – July 2017

Recent Colliers Transactions of Note

  • DCIM100MEDIAA sale to E&E Group LLC. The approximately 14,000 square foot industrial property is located at 2975 S. Highland Dr. in Las Vegas. The transaction value was $1,350,000. Chris Connell and Grant Traub of Colliers International represented the seller, 2975 Highland LLC.

 

 

 

 

 

  • 6260 Stevenson Way, Suites A-BA lease to Golden Home Services LLC. The approximately 6,860 square foot industrial property is located at 6260 Stevenson Way, Suites A-B in Las Vegas. Dean Willmore, SIOR and Alex Stanisic of Colliers International represented the lessee.

 

 

 

 

  • 5145 South Arville Street, Suite D_E.jpgA lease to Urban Chic West Inc. The approximately 6,097 square foot industrial property is located in Pace Commerce Center at 5145 S. Arville St., Suite D/E in Las Vegas. Mike DeLew, SIOR, Greg Pancirov, SIOR and Dean Willmore, SIOR of Colliers International represented thelessor, FJM Vegas Holdings LLC.

 

 

 

 

  • 5320 Cameron StreetA lease to Pure Distribution LLC. The approximately 4,803 square foot industrial property is located in Cameron Hacienda at 5320 Cameron St. in Las Vegas. Chris Clifford, Steve Neiger and Brett Ratherof Colliers International represented the lessor, VTT-Cameron Properties LLC.

 

 

 

 

  • 573 West Sunset RoadA lease to Greenhill Air Inc. The approximately 3,875 square foot industrial property is located in Sunset Pointe Industrial Center at 573 W. Sunset Rd. in Henderson. Mike DeLew, SIOR and Greg Pancirov, SIOR of Colliers International represented the lessor, Sunset Pointe Group LLC.

 

 

 

 

  • 3950 East Sunset RoadA lease to Bliss Salon. The approximately 2,960 square foot retail property is located in Sunset Annie Oakley at 3950 E. Sunset Rd. in Las Vegas. Scot Marker of Colliers International represented the lessor, 3950 Sunset Rd. LLC.

 

 

 

 

  • 6623 Las Vegas BoulevardA lease to Nevada Teachers of Tomorrow. The approximately 2,802 square foot office property is located in Town Square at 6623 Las Vegas Blvd. in Las Vegas. Ryan Martin, CCIM, SIOR, Taber Thill, SIOR, Patti Dillon, SIOR and Teddie Hickey of Colliers International represented the lessee.

August 16th – Dermody Properties Raises The Flag At LogistiCenter

dermodyPlease join Dermody Properties celebration of the LogistiCenterSM at Las Vegas Boulevard on Wednesday, August 16, 2017 at 10:00am. The project is located at the intersection of N. Las Vegas Blvd. and N. Walnut Road and on-site parking will be available.

 

The celebration will be hosted inside the building, which will be air conditioned for the event.  Attendees will be entered to win raffle prizes, including tickets for Exotics Racing. We will be raising the United States of America Flag and the Nevada Flag on our new project for the first time.

For more information and RSVP to cmartin@dermody.com

 

CommCap Advisors Provide Refinancing For Aliante Corporate Center

allanteAliante Corporate Center is comprised of two buildings totaling 55,671 square feet. Built in 2005, the project stands out as the only high quality office park located within the immediate area. The site also contains a vacant pad available for construction of a third similar building.

commcap

 

 

 

 

Loan Information:

Type of transaction:  Loan- Life Company

Address:  2470 Nature Park Drive, North Las Vegas, NV 89084

Borrower:  Palmdale Center Westgate LLC

Mortgage Broker:  Matthew Hoyt of CommCap Advisors (mhoyt@commcapnv.com)

Loan Amount:  $4,370,000

Total square feet:  55,671

Details:  Value-add refinance deal. The project exhibited above market levels of vacancy, inconsistent historical income trends, and maintained grey-shell space. Despite the vacancy, CommCap delivered a full leverage (70%+) permanent loan with a below market interest rate.

Avison Young Brings 2650 Tenaya Up To 100% Occupancy

2650 TenayaBarton Hyde and Scott Donaghe of Avison Young represented the landlord, C-3 Asset Management in the 120 month lease of 35,528 square feet located at 2650 North Tenaya Road to DaVita Medical Management Services Nevada. The complicated transaction to consolidate 3 of DaVita’s medical specialties under one roof, all with different lease expiration dates, took almost a year to negotiate and complete.  Dan Palmeri of Cushman & Wakefield represented the tenant. The medical office lease is valued at $4,855,257.  This building is now 100% occupied.

Marcus & Millichap Sell “Big O Tire” Investment Property For Private Investor

Big OMarcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of Big O’ Tires, a 6,150-square foot net-leased property located at 170 N Pecos Road in Henderson, Nevada. The asset sold for $1,650,000, according to Todd R. Manning, regional manager of the firm’s Las Vegas office.

Dustin R. Alvino, First Vice President Investments in Marcus & Millichap’s Las Vegas office, had the exclusive listing to market the property on behalf of the seller, a private investor.

IREPLV And CBRE Close Sale-Lease-Back Investment

IREPLVThe sale of Desert Perinatal Associates, a ±24,465 square-foot medical office building was completed on July 18, 2017. The building is located at 5761 South Fort Apache Rd inside the Venture Professional Center. The total transaction value was $8,800,000.00. Mike Young of IREPLV and Matt Bear of CBRE represented the buyer, DP Medical LLC. The seller was A&W Real Estate Holdings, LLC.

Cushman & Wakefield Commerce Confirms Strong Deal Activity This Summer

marbeyaDigital PCS Nevada, Inc renewed 1,721 SF of office space at Marbeya Business Park, 6655 W Sahara Ave, Ste C110, Las Vegas 89146. Nick Barber and Jeremy Foley of Cushman & Wakefield Commerce represented the lessor, Pacific Peninsula, LLC.

 

 

Russell CrossingsShawn Lievense leased 550 SF of retail space at Russell Crossings, 5651 S Grand Canyon Dr, Ste 105, Las Vegas 89148. Lauren Tabeek, CCIM and Katelyn Panella of Cushman & Wakefield Commerce represented the lessor, Berryessa Plaza, LLC.

 

 

35656 E PostOnTime Deliver, Inc leased 1,508 SF of office space at 3565 E Post Rd, Ste 105, Las Vegas 89120. Pete Janemark, CCIM of Cushman & Wakefield Commerce represented the lessor, AMJ 3565 Post, LLC.

 

 

 

35656 E PostA&R Diversified Human Services, LLC leased 2,763 SF of office space at 3565 E Post Rd, Ste 105, Las Vegas 89120. Pete Janemark, CCIM represented the lessor, AMJ Craig, LLC.

 

 

 

 

222 S RainbowInfinite Possibilities Adult Day Center, LLC leased 222 S Rainbow Blvd, Ste 201-212, Las Vegas 89145. Pete Janemark, CCIM of Cushman & Wakefield Commerce represented the lessor, 222 Rainbow, LLC.

 

 

 

 

4845 JudsonCivil Werx, LLC leased 1,850 SF of office space at 4845 Judson Ave, 2nd Fl, Las Vegas 89115. Pete Janemark, CCIM of Cushman & Wakefield Commerce represented the lessor, Alexander & Belmont, LLC.

 

 

 

6205 s PearlBRC, Inc leased 4,800 of industrial space at Prologis Arrowhead Commerce Center 7, 6205 S Pearl St, Ste 1200, Las Vegas 89120. Elizabeth Moore and Jennifer Levine, CCIM of Cushman & Wakefield Commerce represented the lessee.

 

 

 

2537 e washburnNinehorn, LLC leased 4,075 SF of industrial space at 2537 E Washburn Rd, North Las Vegas 89081. Elizabeth Moore and Jennifer Levine, CCIM represented the lessor, Haresh & Gopal Idnani.

 

 

 

 

222 S RainbowLexie and Alley, LLC dba Rescue Test Strips. leased 610 SF of Office space at Rainbow Office Park, 222 S. Rainbow Blvd., Suite 219, Las Vegas 89145. Pete Janemark of Cushman & Wakefield Commerce represented the lessor, 222 Rainbow, LLC.

 

 

 

810-durangoBrec Lighting, LLC leased 800 SF of Office space at Angel Park, 810 S. Durango Road, Suite 102, Las Vegas 89145. Pete Janemark of Cushman & Wakefield Commerce represented the lessor, SET Properties c/o Priority One Commercial.

 

 

 

Red Feather PlazaUnder-Weight Fitness & Martial Arts, LLC leased 3,783 SF of industrial space at Red Feather Plaza, 3281 N. Decatur Blvd., Suite 185, Las Vegas 89130.  Pete Janemark of Cushman & Wakefield Commerce represented the lessor, Red Feather Property LLC.

 

 

Charleston ValleyAnchor Injury Law Group renewed 1,122 SF of office space at Charleston Valley View Business Park, 3841 W Charleston Blvd, Ste 201, Las Vegas 89102. Neil Sorkin and Bob Hawkins of Cushman & Wakefield Commerce represented the lessor, WBCMT 2007-C33 Charleston Boulevard, LLC.

 

 

 

The canyonsHall, Prangle, & Schoonveld, LLC expanded their office space by 1,385 SF at The Canyons, 1160 Town Center Dr, Stes 200 and 160, Las Vegas 89144. Jayne Cayton and Matt Kreft of Cushman & Wakefield Commerce represented the lessee.

 

 

 

Pines Office CenterBlood Systems, Inc dba United Blood Services of Nevada renewed 1,025 SF of office space at Pines Office Center, Ste 104, Las Vegas 89117. Nick Barber and Jeremy Foley of Cushman & Wakefield Commerce represented the lessor, Pines Office Center, LLC.

 

 

 

7303 s DecaturABS Decatur Enterprises bought 1.68 acres of land for $1,400,000 at 7303 S Decatur Blvd. Nick Barber and Jeremy Foley of Cushman & Wakefield Commerce represented the buyer.

 

 

 

 

Cheyenne PointWorldwide Cellphone, LLC leased 1.016 SF of retail space at Cheyenne Pointe, 2315 E Cheyenne Ave, Ste 120, Las Vegas 89030. Dan Hubbard, Jason Park, and Eric Rogosch of Cushman & Wakefield Commerce represented the lessor, Medford Capital, LLC.

 

 

Centennial PlazaDavid Biesinger dba Centennial Foot and Ankle leased 1,285 square feet of retail space at Centennial Plaza, 150 E. Centennial Parkway, Suite 106, N. Las Vegas 89084. Lauren Tabeek and Katelyn Panella of Cushman & Wakefield Commerce represented the seller/landlord, Centennial 5 Development LLC.

 

 

marbeyaAmber Care Hospice Inc. renewed their lease of 992 square feet office space at Marbeya Business Park 6655 W. Sahara Avenue, Suite B108, Las Vegas 89146. Nick Barber and Jeremy Foley of Cushman & Wakefield Commerce represented the seller/landlord, Pacific Penninsula LLC.

 

 

 

Palms Business CenterClark County renewed 9,424 SF of industrial space at Palms Business Center North, 2980 Meade Ave, Las Vegas 89102. Leo Biedermann of Cushman & Wakefield Commerce represented the lessor, Fisher Brothers Las Vegas, LLC.

 

 

Valley View CommerceMaster Craft Carpet Service, Inc leased 11,688 SF of industrial space at Valley View Commerce Center, 5230 S Valley View Blvd, Ste A & B, Las Vegas 89118. Elizabeth Moore and Jennifer Levine, CCIM of Cushman & Wakefield Commerce represented the lessor, Valley View Commerce Ctr LLC.

 

 

 

Gibson PalmsPerma Treat, Inc leased 1,508 SF of industrial space at Gibson Palms Corporate Park, 118 Corporate Park Dr, Ste 117, Henderson 89074. Leo Biedermann of Cushman & Wakefield Commerce represented the lessor, Olymbec USA, LLC.

 

 

 

Spectrum Office PlazaKaplan Neurology Chartered, P.C. leased 2,773 square feet of office space at Spectrum Office Plaza, 2445 Fire Mesa, Suite 190, Las Vegas 89128. Bob Hawkins of Cushman & Wakefield Commerce represented the seller, Anderson & Puryear Pistashio, LLP.

 

 

 

7340 SmokeTransamerica Audio Group, Inc. renewed their lease of 5,011 square feet of office space at 7340 Smoke Ranch Road, Suite A, Las Vegas 89128. Bob Hawkins of Cushman & Wakefield Commerce represented the seller, Brookhollow Business Park, LLC.

 

 

7340 SmokeUNLV renewed their lease of 1,614 square feet of office space at 7310 Smoke Ranch Road, Suite Q, Las Vegas 89128. Bob Hawkins of Cushman & Wakefield Commerce represented the seller, Brookhollow Business Park, LLC.

 

 

Imperial PlazaSin City Ventures Corp. dba Home Cleaning Centers of America leased 1,325 SF of Retail space at Imperial Plaza, 4343 N. Rancho Drive, Suites 219-220, Las Vegas 89130. Bob Hawkins and Neil Sorkin of Cushman & Wakefield Commerce represented the lessor, Royal Investors Group, LLC.

 

 

 

7340 SmokePicture This Clothing LLC   leased 2,074 SF of Office space at Brookhollow Business Park, 7310 Smoke Ranch Road, Suite M, Las Vegas 89128.  Bob Hawkins and Neil Sorkin of Cushman & Wakefield Commerce represented the lessor, Brookhollow Business Park, LLC.

Virtus Commercial Recent Retail & Office Leasing Activity

RevereLumberjack’s Restaurant has leased approximately 5,800 SF of retail space at Revere Marketplace, located at 965 W. Craig Rd., in North Las Vegas.  Robert S. Hatrak II of Virtus Commercial represented both the Lessor, Las Vegas Adventure, LLC and the Lessee.

 

 

 

DCIM100MEDIADJI_0053.JPGSilver State Schools Credit Union has leased approximately 3,930 SF of retail space at Cactus Plaza, located at 3698 Cactus Ave. – Pad Building A, in Las Vegas.  Robert S. Hatrak II of Virtus Commercial represented the Lessee.

 

 

 

 

 

 

 

ReverePup Star Industries, LLC has leased approximately 1,190 SF of retail space at Revere Marketplace, located at 955 W. Craig Rd. Ste. 113, in North Las Vegas.  Jakke Farley of Virtus Commercial represented the Lessee and Robert S. Hatrak II of Virtus Commercial represented the Lessor, Las Vegas Adventure, LLC.

 

 

 

Mountain PointIBISS Global Inc has leased approximately 1,760 SF of retail space at Mountain Point, located at 4545 Spring Mountain Rd. #102, in Las Vegas.  Jae Rim of Key Realty represented the Lessee and Robert S. Hatrak II represented the Lessor, Mountain Point, LLC.

 

 

 

 

 

 

Augusta Park1Angela Stueber has leased approximately 1,527 SF of office space at Augusta Park, located at 1481 W. Warm Springs Rd. Ste. #129, in Henderson.  Robert S. Hatrak II of Virtus Commercial represented both the Lessee and the Lessor, Augusta Park 8 LLC.

 

 

 

 

 

 

 

150 e centCentennial Foot & Ankle has leased approximately 1,285 SF of retail space located at 150 E. Centennial Parkway #106, in North Las Vegas.  Lauren Tabeek of Cushman & Wakefield Commerce represented the Lessor, Centennial Development, LLC and Matthew Feustel of Virtus Commercial represented the Lessee.

 

 

 

 

Pioneer SquareNine Dragons LLC has leased approximately 1,043 SF of retail space at Pioneer Square, located at 3375 S Decatur Blvd. Ste. 7, in Las Vegas.  Gary Beck of Virtus Commercial represented the Lessee and Brett Beck of Virtus Commercial represented the Lessor, Pioneer Square LLC.

 

 

 

Sahara EdmondEditing and Drone Services has leased approximately 414 SF of office space at Sahara Edmond Plaza, located at 5300 & 5310 W. Sahara Ave. Ste. 102, in Las Vegas.  Gary Beck and Jeffrey Antalik of Virtus Commercial represented the Lessee and Brett Beck of Virtus Commercial represented the Lessor, Sahara Edmond Plaza LLC.

 

 

 

 

 

 

Great AmericanNoble Wolf Barbers LLC has leased approximately 1,146 SF of retail space at Great American Plaza, located at 8320 W. Sahara Ave. #170, in Las Vegas.  John Murillo of Great American Capital represented the Lessor, KAP Holdings and Preston Abell of Virtus Commercial represented the Lessee.


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