SIOR_Header

Category – Colliers

Colliers Continues Strong Into September

 

Andermatt Lane APN 176 08 201 007

A sale to KB Homes. The approximately 5.23 acre land parcel is located on Andermatt Ln. (APN: 176-08-201-007) in Las Vegas. The transaction value was $2,484,250. Steven Haynes of Colliers International represented the seller, Alon & Rosana Miller Family Trust.

 

 

 

 

 

 

 

 

 

6623 South Schuster StreetA sale to John Morotti. The approximately 8,258 square foot industrial property is located at 6623 S. Schuster St. in Las Vegas. The transaction value was $1,156,120. Dean Willmore, SIOR of Colliers International represented the buyer.

 

 

 

 

 

 

 

880 Wigwam Parkway, Suite 130 (2)A lease to Good Spirits Distributing LLC. The approximately 32,563 square foot industrial property is located in Harsch Traverse Point Commerce Center at 880 Wigwam Pkwy., Suite 130 in Henderson. Greg Pancirov, SIOR and Mike Delew, SIOR of Colliers International represented the lessor, Harsch Investment Properties and the lessee.

 

 

 

 

 

6385 South Rainbow Boulevard (2)A lease to Liberty Dental Plan. The approximately 22,145 square foot office property is located in Rainbow Sunset Pavilion at 6385 S. Rainbow Blvd. in Las Vegas. Ryan Martin, CCIM, SIOR, Taber Thill, SIOR, Patti Dillon, SIOR and Teddie Hickey of Colliers International represented the lessee.

 

 

 

 

 

 

 

3643 Las Vegas BoulevardA lease to M&K Enterprise LLC. The approximately 3,199 square foot retail property is located in Grand Bazaar Shops at 3643 Las Vegas Blvd. in Las Vegas. Phillip Dunning, CCIM of Colliers International represented the lessee.

 

Colliers Las Vegas Hits 43.5 Million In Transaction Volume

COMPLETED SALE TRANSACTION:

 

4300, 4350 and 4500 East Sunset RoadA sale to Henderson Town Center LLC. The approximately 194,757 square foot retail property is located in Town Center II and III and Athenian Shops at 4300, 4350 and 4500 E. Sunset Rd. in Henderson. The transaction value was $21,500,000. David A. Grant, Chris Connell and Grant Traub of Colliers International represented the buyer.
 

 

 

 

 

 

 

5540 West Harmon AvenueA sale to Madison Residential Holdings. The 168-unit multifamily property, Vernazza Apartments, is located at 5540 W. Harmon Ave. in Las Vegas. The transaction value was $19,200,000. Chris Bentley of Colliers International represented the seller, Veneto Capital.
 

 

 

 

 

 

 

 

Corporate Center Drive and Pecos RoadA sale to Centra Corporate Center LLC. The approximately 9.49 acre land parcel is located on the Northwest corner of Corporate Center Dr. and Pecos Rd. (APN: 139-01-711-002) in North Las Vegas. The transaction value was $3,823,805. Dan Doherty, SIOR, Chris Lane and Jerry Doty of Colliers International represented the seller, 2567 East Washburn Rd LLC.

 

 

 

COMPLETED LEASE TRANSACTIONS:

 

7326 West Cheyenne Avenue, Suite 2A lease to Kidney Specialists of Southern Nevada. The approximately 6,150 square foot office property is located in Pointe North at 7326 W. Cheyenne Ave., Suite 2 in Las Vegas. Suzette LaGrange, CCIM and Kara Walker, CCIM of Colliers International represented the lessor, BM Highland LLC.

 

 

 

 

 

 

 

OLYMPUS DIGITAL CAMERAA lease to Jed Adams Enterprises LLC. The approximately 3,742 square foot office property is located in Flamingo Grand Plaza at 1050 E. Flamingo Rd., Suite N-237 in Las Vegas. Chris Connell and Grant Traub of Colliers International represented the lessor, FKC Flamingo LLC.
 

 

 

 

 

 

 

 

10445 Spencer StreetA lease to 4M Innovations LLC. The approximately 1,500 square foot retail property is located in Spencer Crossings at 10445 Spencer St. in Las Vegas. Chris Clifford, Steve Neiger and Brett Rather of Colliers International represented the lessee.
 

 

 

 

 

7955 Blue Diamond Road Shops 4, Suite 102A lease to 4M Innovations LLC. The approximately 1,155 square foot retail property is located in Mountains Edge Marketplace at 7955 Blue Diamond Rd. Shops 4, Suite 102 in Las Vegas. Chris Clifford, Steve Neiger and Brett Rather of Colliers International represented the lessee.

 

 

 

 

 

 

5340 Cameron Street, Suite 20A lease to Inhouse Printing LLC. The approximately 1,050 square foot industrial property is located in Cameron Hacienda at 5340 Cameron St., Suite 20 in Las Vegas. Chris Clifford, Steve Neiger and Brett Rather Colliers International represented the lessor, VTT- Cameron Properties LLC.

 

 

 

 

 

 

 

 

309 West Lake Mead Parkway, Suite 250A lease to Centerpoint Landscaping Services Inc. The approximately 850 square foot office property is located at 309 W. Lake Mead Pkwy., Suite 250 in Henderson. Chris Clifford, Steve Neiger and Brett Rather of Colliers International represented the lessor, JEEG Trust.

Colliers Las Vegas Wraps Up Summer Season With Heavy Activity

Colliers LogoCOMPLETED SALE TRANSACTIONS:

  • A sale to Tablerock Capital. The 232-unit multifamily property, Woodcreek Apartments, is located at 4485 Pennwood Ave. in Las Vegas. The transaction value was $16,000,000. Thomas Olivetti of Colliers International represented the buyer, Tablerock Capital and the seller, Pennwood Partners.

 

 

 

  • A sale to Steven Mutnick. The approximately 16,126 square foot retail property is located in Shoppes at Summerlin at 7591-7595 W. Washington Ave. in Las Vegas. The transaction value was $5,097,000. Joe Bonifatto of Colliers International represented the seller, PWREO Buffalo and Washington LLC.
  • A sale to 777 Corporate Relocation LLC. The approximately 19,125 square foot industrial property is located in Craig Corporate Park at 4480 Calimesa St. in Las Vegas. The transaction value was $2,237,625. Dan Doherty, SIOR, Chris Lane and Jerry Doty of Colliers International represented the seller, NLV Sagebrush LLC.

 

  • A sale to Vandrey Properties LLC. The approximately 1.01 acre land parcel is located at S. Decatur Blvd. and W. Teco Ave. (APN: 162-31-401-040) in Las Vegas. The transaction value was $750,000. Scott Gragson and Robert Torres of Colliers International represented the seller, Decatur & Sunset Investments & Kenneth Yvonne Gragson Family Trust. Mike DeLew, SIOR and Greg Pancirov, SIOR of Colliers International represented the buyer.

 

COMPLETED LEASE TRANSACTIONS:

 

  • A lease to Eurpac Service Incorporated. The approximately 49,250 square foot industrial property is located in Henderson Freeway Crossing at 8385 Eastgate Rd. in Henderson. Pat Marsh, SIOR and Sam Newman of Colliers International represented the lessor, Henderson Freeway Crossing LLC.
  • A lease to PRA Group Inc. The approximately 29,988 square foot office property is located in Gibson Tech Center at 168 N. Gibson Rd. in Las Vegas. Ryan Martin, CCIM, SIOR, Taber Thill, SIOR, Patti Dillon, SIOR and Teddie Hickey of Colliers International represented the lessor, MCA.
  • A lease to Anixter Inc. The approximately 22,000 square foot industrial property is located in Arrowhead Commerce Center (Bldg. 9) at 6180 S. Pearl St., Suite D in Las Vegas. Spencer Pinter, Dan Doherty, SIOR, Chris Lane and Jerry Doty of Colliers International represented the lessor, KTR LV I LLC.
  • A lease RT Drapery and Furniture Inc. The approximately 12,800 square foot industrial property is located in Patrick Airport Center at 6012 Topaz St., Suite 3-6 in Las Vegas. Mike DeLew, SIOR, Greg Pancirov, SIOR, Dean Willmore, SIOR, Chelsy Cardin and Alex Stanisic of Colliers International represented the lessor, Stockbridge Patrick and Mojave LLC.
  • A lease to Silver Lining Advertising LLC. The approximately 6,000 square foot industrial property is located in Mesa Vista Business Center at 3955 W. Mesa Vista Ave., Suite A-4 in Las Vegas. Spencer Pinter of Colliers International represented the lessor, Mesa Vista Business Center LLC.
  • A lease to MetalX LLC. The approximately 5,813 square foot industrial property is located in Civic Center Corporate Park at 3904 Civic Center Dr. in North Las Vegas. Dan Doherty, SIOR, Chris Lane and Jerry Doty of Colliers International represented the lessor, MCA Civic Center II LLC.
  • A lease to Nevada Lighting Representative Inc – Reno. The approximately 5,588 square foot industrial property is located in Westech Business Center I at 5565 S. Decatur Blvd., Suite 107 & 109 in Las Vegas. Mike DeLew, SIOR of Colliers International represented the lessor, Westech Business Center LLC. Greg Pancirov, SIOR of Colliers International represented the lessee.
  • A lease to Ambrosia Interior Design Inc. The approximately 5,000 square foot industrial property is located in Ampac Business Park at 1201 American Pacific Dr., Suite A in Henderson. Dan Doherty, SIOR, Chris Lane and Jerry Doty of Colliers International represented the lessor, 1201 American Pacific LLC.
  • A lease to 60East Technologies. The approximately 4,422 square foot office property is located at 5215 Ponderosa Way in Las Vegas. Ryan Martin, CCIM, SIOR, Taber Thill, SIOR, Patti Dillon, SIOR and Teddie Hickey of Colliers International represented the lessee.
  • A lease to Delivery Solutions of America LLC. The approximately 4,008 square foot industrial property is located in Civic Center Corporate Park at 3888 Civic Center Dr. in North Las Vegas. Dan Doherty, SIOR, Chris Lane and Jerry Doty of Colliers International represented the lessor, MCA Civic Center II LLC.
  • A lease renewal to Brockie International Inc. The approximately 4,008 square foot industrial property is located in Civic Center Corporate Park at 3892 Civic Center Dr. in North Las Vegas. Dan Doherty, SIOR, Chris Lane and Jerry Doty of Colliers International represented the lessor, MCA Civic Center II LLC.
  • A lease to Oilmatic Systems LLC. The approximately 4,008 square foot industrial property is located in Civic Center Corporate Park at 3862 Civic Center Dr. in North Las Vegas. Dan Doherty, SIOR and Jerry Doty of Colliers International represented the lessor, MCA Civic Center II LLC. Chris Lane of Colliers International represented the lessee.
  • A lease to G&G Dental LLC. The approximately 2,667 square foot retail property is located at 8480 W. Desert Inn Rd. in Las Vegas. Scot Marker of Colliers International represented the lessor, 8480 Desert Inn LLC.
  • A lease to Henne Organics LLC. The approximately 2,580 square foot industrial property is located in Patrick Airport Center at 6038 Topaz St., Suite 1 in Las Vegas. Mike DeLew, SIOR, Greg Pancirov, SIOR, Dean Willmore, SIOR, Chelsy Cardin and Alex Stanisic of Colliers International represented the lessor, Stockbridge Patrick and Mojave LLC.
  • A lease to Home Hardware Solutions LLC. The approximately 2,580 square foot industrial property is located in Patrick Airport Center at 6038 Topaz St., Suite 6 in Las Vegas. Mike DeLew, SIOR, Greg Pancirov, SIOR, Dean Willmore, SIOR, Chelsy Cardin and Alex Stanisic of Colliers International represented the lessor, Stockbridge Patrick and Mojave LLC.
  • A lease to Brianna DeLaCruz. The approximately 1,298 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.
  • A lease to Brianna DeLaCruz. The approximately 1,298 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.
  • A lease to Rosa Hagen. The approximately 800 square foot retail property is located in The Center at Spring Mountain at 3537 Valley View Blvd. in Las Vegas. Chris Clifford, Steve Neiger and Brett Rather of Colliers International represented the lessor, Harsch Investment Properties.

 

  • A lease to Lave Gallery LLC. The approximately 780 square foot retail property is located in The Center at Spring Mountain at 3533 Valley View Blvd. in Las Vegas. Chris Clifford, Steve Neiger and Brett Rather of Colliers International represented the lessor, Harsch Investment Properties.

Land Sales Lead This Weeks Colliers Las Vegas Transactions Of Note

Range and I-215A sale to K&K Residential LLC. The approximately 22.45 acres land parcels are located at 6200 Range Rd. at I-15 & I-215 North in North Las Vegas (APNs: 123-28-101-008, 123-28-201-001, 123-28-201-004, 123-28-201-007, 123-29-601-006, 123-29-601-006, 123-29-601-009, 123-29-601-012, 123-29-601-014 & 123-29-601-019). The transaction value was $2,445,805. Mike DeLew, SIOR and Greg Pancirov, SIOR of Colliers International represented the sellers, BMC Stock Holdings Inc. & BMC West LLC.
 

 

 

Industry Park Court LandA sale to Landcaster Yard LLC. The approximately 1.99 acre land parcel is located on the southwest corner of Industry Park Ct. and Industry Center Dr. in Las Vegas (APN: 140-05-110-018). The transaction value was $500,000. Mike DeLew, SIOR and Greg Pancirov, SIOR of Colliers International represented the buyer.

 

 

 

 

 

 

2360 Corporate CircleA lease to Far West Division Inc. The approximately 47,145 square foot office property is located in Green Valley Corporate Center at 2360 Corporate Cir., Suites 125, 150, 225, 235 and 280 in Las Vegas. Patti Dillon, SIOR, Taber Thill, SIOR, Ryan Martin, CCIM, SIOR and Teddie Hickey of Colliers International represented the lessor, Corporate Center VI Investors LLC.
 

 

 

 

 

2920 Green Valley PkwyA lease to Covenant Protectors LLC. The approximately 3,235 square foot office property is located in Sunset Ridge at 2920 Green Valley Pkwy., Suite 412 in Henderson. Rebecca Staniec of Colliers International represented the lessor, Landmark Ventures LLC.
 

 

 

 

 

6671 Las Vegas Blvd SouthA lease to GPA Wong LLC dba Eden in Love. The approximately 1,846 square foot retail property is located in Town Square Las Vegas at 6671 Las Vegas Boulevard South, Space No. A-123 in Las Vegas. George Connor and Garrett Connor of Colliers International represented the lessee.
 

Recent Colliers Transactions

  • 193 North Gibson RoadA sale to TLM Holdings LLC. The approximately 10,245 square foot retail property is located at 193 N. Gibson Rd. in Henderson. The transaction value was $2,650,000. Susan Borst, CCIM, SIOR of Colliers International represented the buyer.

 

 

 

 

 

  • 4220 Production CourtA lease to Off Leash Canine Training. The approximately 5,800 square foot industrial property is located at 4220 Production Ct. in North Las Vegas. Eric Molfetta, CCIM of Colliers International represented the lessor, State Properties LLC.

 

 

 

  • 5075 Cameron Street, Suite FA lease to Las Dos Palomas LLC. The approximately 3,998 square foot industrial property is located in Cameron Reno Business Center at 5075 Cameron St., Suite F in Las Vegas. Mike DeLew, SIOR, and Greg Pancirov, SIOR of Colliers International represented thelessor, Rock Creek Properties LLC. Pat Marsh, SIOR of Colliers International represented the lessee.

 

 

 

  • 6280 South Valley View Boulevard, Suite 640_642A lease to Pacific Steel Group. The approximately 3,600 square foot industrial property is located in Valley View Business Center at 6280 S. Valley View Blvd., Suite 640/642 in Las Vegas. Mike DeLew, SIOR, and Greg Pancirov, SIOR of Colliers International represented the lessee.

 

 

 

 

  • 8760 South Maryland Parkway, Suites 111-115, 122, 123 and 124A lease to UR First LLC. The approximately 1,620 square foot office property is located in Scottsdale Plaza at 8760 S. Maryland Pkwy., Suites 111-115, 122, 123 and 124 in Las Vegas. Chris Connell and Grant Traub of Colliers International represented thelessor, SREF Scottsdale Plaza LLLP.

 

 

 

  • 4975 South Fort Apache Road, Suite 108A lease to One Main Financial. The approximately 1,400 square foot retail property is located in Crossroads Plaza at 4975 S. Fort Apache Rd., Suite 108 in Las Vegas. Al Twainy, CCIM and Amelia Hyden of Colliers International represented thelessor, Crossroads Plaza LV LLC.

 

 

 

 

5340 Cameron Street, Suite 16.jpgA lease to Miguel Angel Gonzalez & Deborah L. Gonzalez. The approximately 1,101 square foot industrial property is located in Cameron Hacienda at 5340 Cameron St., Suite 16 in Las Vegas. Chris Clifford, Steve Neiger and Brett Rather of Colliers International represented thelessor, VTT-Cameron Properties LLC.

Colliers Transactions of Note

Grand Canyon Drive and Rochelle AvenueA sale to KJC Capital Holdings LLC. The approximately 0.72 acre land parcel is located on the southeast corner of Grand Canyon Dr. and Rochelle Ave. in Las Vegas. The transaction value was $325,000. Brian Fike of Colliers International represented the buyer, KJC Capital Holdings LLC and seller, Brentwood Heights LLC.
 

 
 
517 West Sunset RoadA lease to Bus Fleet North America Inc. The approximately 5,800 square foot industrial property is located in Sunset Pointe Industrial Center at 517 W. Sunset Rd. in Henderson. Mike DeLew, SIOR and Greg Pancirov, SIOR of Colliers International represented the lessor, Sunset Pointe Group LLC.

 

 

 

 
6035 Harrison Drive, Suite 1-2A lease to Michael E. Smith. The approximately 5,732 square foot industrial property is located in Patrick Airport Center at 6035 Harrison Dr., Suite 1-2 in Las Vegas. Mike DeLew, SIOR, Greg Pancirov, SIOR, Dean Willmore, SIOR, Chelsy Cardin and Alex Stanisic of Colliers International represented thelessor, Stockbridge Patrick and Mojave LLC.

 

 

 
DCIM100MEDIAA lease to 75 Degrees LLC. The approximately 4,991 square foot industrial property is located in Highland Industrial Center at 2910 S. Highland Dr., Suite F in Las Vegas. Chris Connell and Grant Traub of Colliers International represented thelessor, FKC Highland LLC.

 

 

 

 

DCIM100MEDIAA lease to Garage Solutions of Nevada Inc. The approximately 4,935 square foot industrial property is located in Highland Industrial Center at 2910 S. Highland Drive, Suite E in Las Vegas. Chris Connell and Grant Traub of Colliers International represented thelessor, FKC Highland LLC.

 

 

 

 
5140 Rogers Street, Suite A & BA lease to R&V Enterprises Inc. The approximately 4,800 square foot industrial property is located in Pace Commerce Center at 5140 Rogers St., Suite A & B in Las Vegas. Greg Pancirov, SIOR, Mike DeLew, SIOR and Dean Willmore, SIOR of Colliers International represented thelessor, FJM Vegas Holdings LLC.

 

 

 

 
6255 South Mojave Road, Suite GA lease to Nicewell International Corporation. The approximately 3,500 square foot industrial property is located in Mojave Airport Center at 6255 S. Mojave Rd., Suite G in Las Vegas. Mike DeLew, SIOR, Greg Pancirov, SIOR, Dean Willmore, SIOR, Chelsy Cardin and Alex Stanisic of Colliers International represented thelessor, Stockbridge Patrick and Mojave LLC.

 

 

 
5140 Rogers Street, Suite DA lease to Home by Jackie Inc. The approximately 3,112 square foot industrial (renewal) property is located in Pace Commerce Center at 5140 Rogers St., Suite D in Las Vegas. Mike DeLew, SIOR, Greg Pancirov, SIOR and Dean Willmore, SIOR of Colliers International represented thelessor, FJM Vegas Holdings LLC.

 

 

 

 
4483 West Reno AvenueA lease to Home by Jackie Inc. The approximately 2,727 square foot industrial (expansion) property is located in Pace Commerce Center at 4483 W. Reno Ave. in Las Vegas. Mike DeLew, SIOR, Greg Pancirov, SIOR and Dean Willmore, SIORof Colliers International represented the lessor, FJM Vegas Holdings LLC.

 

 

 

 
OLYMPUS DIGITAL CAMERAA lease to Shigeki Sato. The approximately 778 square foot office property is located in Flamingo Grand Plaza at 1050 E. Flamingo Rd., Suite E-229 in Las Vegas. Chris Connell and Grant Traubof Colliers International represented the lessor, FKC Flamingo LLC.

Colliers Mid-Year Report Shows Positive Outlook

colliersThe recovery and expansion of Southern Nevada’s commercial real estate market continued in the second quarter of 2017. The industrial and multifamily markets are keeping up with near record levels of new development, medical office has picked up its pace dramatically, professional office continues to improve and the retail market bounced back from negative net absorption in the first quarter.

The chief complaint of industrial brokers in 2016 was that they were turning away tenants because there were not enough large contiguous spaces on the market. In 2017, developers answered that challenge, constructing by midyear 3.7 million square feet of new industrial product, all of it in the form of large warehouse/distribution buildings. The market has answered with 3.6 million square feet of net absorption, indicating that indeed there was demand in Southern Nevada that was not being met prior to the new developments of 2017 entering the market. Industrial vacancy remains a low 5.4 percent and the average asking rate for industrial space has not suffered much for all of the new development.

“With Southern Nevada’s new industrial construction boom well underway, the result has been encouraging,” remarked John Stater, the research manager of Colliers International’s Las Vegas office.

The hot multifamily market has kept up with the industrial market in terms of construction in 2017. Inventory of multifamily in Southern Nevada could expand by more than 5,000 units this year, and so far demand is keeping pace. Multifamily vacancy is a very low 3.3 percent, and asking rents continue to rise. An expanding population and difficulty for some to qualify for home loans should keep demand for multifamily high in 2017 and 2018. Sales of multifamily projects are slower this year than last, although the average sales price is up significantly.

Sales of hospitality properties remained light in the second quarter of 2017, although the announced sale of the Stratosphere and Arizona Charlie’s could improve matters by the end of the year depending on when those sales are recorded. Visitor volume is a tad shy of where it was last year at this time, but gaming revenue continues to grow. A total of 2,143 rooms sold in the first half of 2017, with total sales volume of $69.5 million and an average sales price of $32,424 per room.

Mike Mixer, Executive Managing Director for Colliers Las Vegas said, “While sales volume in 2017 may not equal that recorded in 2016, the overall sales picture remained strong at mid-year.”

Southern Nevada’s office market saw dramatic improvement in the second quarter of 2017. After five years of recovery, the office market saw its strongest demand in nine quarters, with net absorption of 545,955 square feet. This brought vacancy down to 16.1 percent, while asking rents remained at $2.02 per square foot (psf) on a Full Service Gross (FSG) lease. Vacancy is probably too high and asking rates too low to stimulate a large number of new speculative office developments in the Valley, but niche development will likely begin soon.

The medical office market in Southern Nevada may have finally shaken off the turmoil, both economic and governmental, that has plagued for the past few years. Net absorption has been positive for over a year now and was especially strong in the second quarter of 2017. Vacancy is still elevated, but it is falling. Development is on the rise, and appears to be stimulating the market, perhaps bringing medical practitioners the space designs they need to compete in the changing health care landscape. Whether the next round of healthcare reform in Washington D.C. will knock things off kilter is unknown, but as of yet they do not appear to be dampening demand for medical office space in Southern Nevada.

Despite some headwinds created by the closure of some large anchor stores in Southern Nevada, the retail market is looking up. A weak first quarter was followed by a much stronger second, putting the Valley on pace to chock 2017 up as another year of retail recovery. The second half of the year will see significant new retail inventory with strong pre-leasing completed in Southern Nevada, which should boost net absorption numbers for the year as a whole, and contribute to continued decreases in the vacancy rate.

2017 at midyear presents a mixed bag for land sales. In terms of acres sold, only commercial land looks poised to match 2016 levels. Sales are down tremendously for industrial land in 2017, though it should be pointed out that industrial sales were exceptionally strong in 2016 and would be difficult to match. Residential sales are down slightly compared to 2016, and price per square foot of residential land is also down. The price decreased experienced in residential land sales is reversed for industrial and commercial land, with commercial land experiencing a significant increase in price per square foot. This leaves us with a 2017 in which the number of acres of land sold will likely decreased compared to 2016, while total sales volume will likely match or beat 2016 levels – and all of this in the face of increased (or in industrial’s case near record) levels of new development. Land sales have been relatively strong since 2013, when real estate development was very restrained. Sales might lag a bit in 2017, but at the rate developers are developing, another banner year cannot be far away assuming the local economy continues to grow.

The full second quarter report of 2017 can be downloaded at: http://www.colliers.com/en-us/lasvegas/insights/marketnews/lvqreport.

Colliers Las Vegas Closes 38+ Transactions In July…Active Market

COMPLETED SALE TRANSACTIONS:

 

3853 & 3873 East Craig RoadA sale to Craig Business Park LLC. The approximately 59,303 square foot industrial property is located in Craig Business Center at 3853 & 3873 E. Craig Rd. in North Las Vegas. The transaction value was $5,220,000. Mike DeLew, SIOR of Colliers International represented the seller, 1031 Services Inc QI for T Properties LLC. Greg Pancirov, SIOR of Colliers International represented the buyer.
 

COMPLETED LEASE TRANSACTIONS:

 

4151 North Pecos Road, Suite 205A lease to Warped and Real Proud Inc. The approximately 16,000 square foot industrial property is located in Las Vegas Corporate Center at 4151 N. Pecos Rd., Suite 205 in North Las Vegas. Dan Doherty, SIOR, Chris Lane and Jerry Doty of Colliers International represented the lessee.
 

 

 

7200 SA lease to Touch Of Class Movers Inc. The approximately 6,297 square foot industrial property is located in Arroyo South Business Center (Phase I) at 7200 S. Montessouri St., Suite 140 in Las Vegas. Spencer Pinter of Colliers International represented thelessor, EJM Arroyo South I Property LLC.

 

 

 

 

6125 SA lease to LV Stadium Company LLC. The approximately 5,929 square foot industrial property is located in Valley View Corporate Center (Phase III) at 6125 S. Valley View Blvd., Suite C in Las Vegas. Spencer Pinter of Colliers International represented thelessor, Valley View I, II & III LLC.
 

 

 

 

 

 

6295 SA lease to Food Pro Distributing Inc. The approximately 4,800 square foot industrial property is located in Arrowhead Commerce Center (Bldg. 7) at 6295 S. Pearl St., Suite 1100 in Las Vegas. Spencer Pinter, Dan Doherty, SIOR, Chris Lane and Jerry Doty of Colliers International represented thelessor, KTR LV IV LLC.
 

 

 

 

4339 Corporate Center Drive, Suite 180A lease to Quality Charity Auctions LLC. The approximately 4,600 square foot industrial property is located in Corporate Center Business Park at 4339 Corporate Center Dr., Suite 180 in North Las Vegas. Dan Doherty, SIOR, Chris Lane and Jerry Doty of Colliers International represented thelessor, The Realty Associates Fund XI LP.
 

 

5215 Ponderosa WayA lease to 60East Technologies. The approximately 4,422 square foot office property is located at 5215 Ponderosa Way in Las Vegas. Ryan Martin, CCIM, SIOR, Taber Thill, SIOR, Patti Dillon, SIOR and Teddie Hickey of Colliers International represented thelessee.
 

 

 

2700 East Patrick Lane, Suite 7-8A lease to ESAC, a Nevada Corporation. The approximately 3,876 square foot industrial property is located in Patrick Airport Center at 2700 E. Patrick Ln., Suite 7-8 in Las Vegas. Mike DeLew, SIOR, Greg Pancirov, SIOR, Dean Willmore, SIOR, Chelsy Cardin and Alex Stanisic of Colliers International represented thelessor, Stockbridge Patrick and Mojave LLC.

 

 

 

 

241 West Charleston Boulevard, Suite 103A lease to Jeff Mitchell. The approximately 3,140 square foot office property is located in Holsum Design Center at 241 W. Charleston Blvd., Suite 103 in Las Vegas. Rebecca Staniecof Colliers International represented the lessor, LGC 231 LLC.
 

 

 

8840 South Maryland Parkway, Suite 100, 105 and 110A lease to Win Win RE LLC. The approximately 3,026 square foot office property is located in Scottsdale Plaza at 8840 S. Maryland Pkwy, Suite 100, 105 and 110 in Las Vegas. Chris Connell and Grant Traubof Colliers International represented the lessor, SREF Scottsdale Plaza LLLP.
 

 

 

1050-e-flamingo-roadA lease to One Nevada Credit Union. The approximately 1,744 square foot office property is located in Flamingo Grand Plaza at 1050 E. Flamingo Rd., Suite E-228 in Las Vegas. Chris Connell and Grant Traub of Colliers International represented thelessor, FKC Flamingo LLC.
 

 

 

 

1000 North Green Valley ParkwayA lease to Jamba Juice. The approximately 1,369 square foot retail property is located in Pebble Marketplace at 1000 N. Green Valley Pkwy. in Henderson. Scot Marker of Colliers International represented the lessor, CH Realty/VII.
 

 

 

 

 

8820 South Maryland Parkway, Suite 105A lease to Las Vegas Home Magazine Publishing. The approximately 1,267 square foot office property is located in Scottsdale Plaza at 8820 S. Maryland Pkwy., Suite 105 in Las Vegas. Chris Connell and Grant Traub of Colliers International represented the lessor, SREF Scottsdale Plaza LLLP.
 

 

 

 

605 Mall Ring CircleA lease to Sport Clips. The approximately 1,196 square foot retail property is located in Galleria Pavilion at 605 Mall Ring Circle in Henderson. Scot Marker of Colliers International represented the lessor, CIII Asset Management.
 

 

 

 

 

 

 

8784 South Maryland Parkway, Suite 120A lease to Sheri Tapani-DeBartolo M.Ed. The approximately 488 square foot office property is located in Scottsdale Plaza at 8784 S. Maryland Pkwy., Suite 120 in Las Vegas. Chris Connell and Grant Traub of Colliers International represented the lessor, SREF Scottsdale Plaza LLLP.

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.

Colliers Las Vegas Keeps Deals Flying

COMPLETED SALE TRANSACTIONS:

 

2310 Western AvenueA sale to GDC Realty LLC. The approximately 17,298 square foot industrial property is located at 2310 Western Ave. in Las Vegas. The transaction value was $1,510,000. Dean Willmore, SIOR, Grant Traub and Chris Connell of Colliers International represented the seller, Clark County Credit Union.
 

 

 

 

7293 West Sahara AvenueA sale to 840 Alvarado Enterprises. The approximately 14,880 square foot retail property is located in Stone Canyon Shopping Center at 7293 W. Sahara Ave. in Las Vegas. The transaction value was $4,450,000. Chris Clifford, Steve Neiger and Brett Rather of Colliers International represented the seller, National Solutions LLC.
 

 

 

3919 East Cheyenne AvenueA sale to 3919 Cheyenne LLC. The approximately 4.9 acre land parcel is located at 3919 E. Cheyenne Ave. in Las Vegas. The transaction value was $880,000. Dan Doherty, SIOR, Chris Lane and Jerry Doty of Colliers International represented the buyer.
 

 

COMPLETED LEASE TRANSACTIONS:

 

7900 West Sunset Road, Suite 400A lease to Blueprint Studios Trends Inc. The approximately 81,000 square foot industrial property is located in Southwest Corporate Campus at 7900 W. Sunset Rd., Suite 400 in Las Vegas. Susan Borst, CCIM, SIOR, Dan Doherty, SIOR, Chris Lane and Jerry Doty of Colliers International represented the lessor, Southwest Corporate Campus LLC. Tom Naseef, CCIM, SIOR and Jeff Naseef of Colliers International represented the lessee.
 

 

6600 Bermuda RoadA lease to Bally’s Gaming. The approximately 32,700 square foot office property is located in Hughes Airport Center at 6600 Bermuda Rd. in Las Vegas. Taber Thill, SIOR, Pat Marsh, SIOR, Patti Dillon, SIOR, Ryan Martin, CCIM, SIOR, Teddie Hickey and Sam Newman of Colliers International represented the lessee.
 

 

 

751 West Warm Springs Road, Suite 115A lease to Flowers Baking Co. of Henderson LLC. The approximately 20,032 square foot industrial property is located in Harsch Henderson Commerce Center at 751 W. Warm Springs Rd., Suite 115 in Henderson. Greg Pancirov, SIOR and Mike DeLew, SIOR of Colliers International represented thelessor, Harsch Investment Properties-Nevada LLC.
 

 

 

3655 East Patrick Lane, Suite 100A lease to Deboys and Me LLC. The approximately 8,099 square foot industrial property is located in Arrowhead Commerce Center (Bldg. 8) at 3655 E. Patrick Ln., Suite 100 in Las Vegas. Spencer Pinter, Dan Doherty, SIOR, Chris Lane and Jerry Doty of Colliers International represented thelessor, KTR LV I LLC.
 

 

 

1045 American Pacific Drive, Suite 160A lease to Bearco USA Inc. The approximately 7,292 square foot industrial property is located in Pacific Business Center at 1045 American Pacific Dr., Suite 160 in Henderson. Greg Pancirov, SIOR and Mike DeLew, SIORof Colliers International represented the lessee.
 

 

 

2225 East Flamingo Road, Suite 100-103A lease to Shepherd’s Heart Services LLC. The approximately 6,785 square foot office property is located in Desert Professional Center at 2225 E. Flamingo Rd., Suite 100-103 in Las Vegas. Stacy Scheer, CCIM, LEED GA and Steven Haynes of Colliers International represented the lessor, Diamond Creek Holdings LLC.
 

 

 

4965 South Fort Apache Road, Suite 102-105A lease to Love Your Home LLC. The approximately 6,000 square foot retail property is located in Crossroads Plaza at 4965 S. Fort Apache Rd., Suite 102-105 in Las Vegas. Al Twainy, CCIM and Amelia Hydenof Colliers International represented the lessor, Crossroads Plaza LV LLC.
 

 

 

 

1075 American Pacific Drive, Suite BA lease to Cardiac Imaging Inc. The approximately 5,336 square foot industrial property is located in Pacific Business Center at 1075 American Pacific Dr., Suite B in Henderson. Greg Pancirov, SIOR and Mike DeLew, SIOR of Colliers International represented the lessee.
 

 

 

 

3022-3034 West Post Road, Building A #11-13A lease to Nevada State Pharmacy – Las Vegas LLC. The approximately 4,342 square foot industrial property is located in Harsch Post Commerce Center at 3022-3034 W. Post Rd., Building A #11-13 in Las Vegas. Greg Pancirov, SIOR and Mike DeLew, SIOR of Colliers International represented the lessee.
 

 

 

4675 West Teco Avenue, Suite 130A lease to Westinis Inc. The approximately 3,706 square foot industrial property is located in Decatur Crossing – Phase 3 at 4675 W. Teco Ave., Suite 130 in Las Vegas. Greg Pancirov, SIOR and Mike DeLew, SIOR of Colliers International represented the lessor, DC3 LLC.
 

 

 

2700 East Patrick Lane, Suite 6A lease to Blum Health and Fitness LLC. The approximately 3,500 square foot industrial property is located in Patrick Airport Center at 2700 E. Patrick Ln., Suite 6 in Las Vegas. Greg Pancirov, SIOR, Mike DeLew, SIOR, Dean Willmore, SIOR, Chelsy Cardin and Alex Stanisic of Colliers International represented the lessor, Stockbridge Patrick and Mojave LLC.
 

 

 

6720 Via Austi ParkwayA lease to Perl Mortgage. The approximately 3,485 square foot office property is located in Marnell Corporate Center IV at 6720 Via Austi Pkwy., Suite 350 in Las Vegas. Taber Thill, SIOR, Patti Dillon, SIOR, Ryan Martin, CCIM, SIOR and Teddie Hickey of Colliers International represented the lessor, TA Realty.
 

 

 

50 North Gibson Road, Suite 155-160A lease to Napa Technology LLC. The approximately 3,472 SF square foot industrial property is located in Gibson Wigwam Business Center at 50 N. Gibson Rd., Suite 155-160 in Henderson. Greg Pancirov, SIOR and Mike DeLew, SIOR of Colliers International represented the lessor, Pereyra 1992 Living Trust.
 

 

 

PCC 2A lease to Ibis Scientific Inc. The approximately 1,751 square foot industrial property is located in Patrick Commerce Center at 2875 E. Patrick Ln., Suite O in Las Vegas. Dan Doherty, SIOR, Chris Lane and Jerry Doty of Colliers International represented the lessor, Harsch Investment Properties LLC.
 

 

 

 

4132 Sunset RoadA lease to Allstate Insurance. The approximately 1,607 square foot retail property is located in Green Valley Town and Country at 4132 Sunset Rd. in Henderson. Scot Marker of Colliers International represented the lessor, Wells Fargo.A lease to Mobile Physicians 24-7 LLC. The approximately 1,494 square foot industrial property is located at 3030 S. Jones Blvd., Suite 104 in Las Vegas. Stacy Scheer, CCIM, LEED GA and Steven Haynes of Colliers International represented the lessor, Adams Park LLC.

 

 

 

3950 East Sunset RoadA lease to Dominique Terry. The approximately 1,430 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.

 

 

 

 

4345 Corporate Center Drive, Suite 204A lease to Dion Saddler. The approximately 1,209 square foot industrial property is located in Corporate Center Business Park at 4345 Corporate Center Dr., Suite 204 in North Las Vegas. Dan Doherty, SIOR, Chris Lane and Jerry Doty of Colliers International represented the lessor, The Realty Associates Fund XI LP.
 

 

 

4339 Corporate Center Drive, Suite 170A lease to Thompson’s Refrigeration LLC. The approximately 1,046 square foot industrial property is located in Corporate Center Business Park at 4339 Corporate Center Dr., Suite 170 in North Las Vegas. Dan Doherty, SIOR, Chris Lane and Jerry Doty of Colliers International represented the lessor, The Realty Associates Fund XI LP.


Hit Counter provided by laptop reviews