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Category – Cushman & Wakefield

Team Palmeri – Wainright Of Cushman & Wakefield Secures 20 Million In Lease Value For Q3

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Team Palmeri – Wainwright of Cushman & Wakefield secured nearly $20 million in lease values in Q3 2017. The third quarter of 2017 in Las Vegas was a strong one for leasing activity, according to the Palmeri – Wainwright tenant representative team at Cushman & Wakefield. The team of Dan Palmeri, SIOR and Natalie Wainwright, which specializes in exclusively representing tenants with their leasing, acquiring, relocating, expansions and build-to-suit projects, secured 10 tenant lease transactions totaling 146,000 square feet.

 

A 131-month new lease to Ballard Spahr LLP, was signed.  The +/- 14,955 square-foot space is located at 1980 Festival Plaza Dr, Ste 900, Las Vegas, NV 89135.  Dan Palmeri, SIOR, and Natalie Wainwright of Cushman & Wakefield represented the Tenant.  Randy Broadhead of CBRE represented the Landlord.

 

A 120-month new lease to DaVita Medical Management Services Nevada, LLC, was signed.  The +/- 35,528 square-foot space is located at 2650 N Tenaya Way, Ste 209 – 310, Las Vegas, NV 89128.  Dan Palmeri, SIOR, and Natalie Wainwright of Cushman & Wakefield represented the Tenant.  Barton Hyde of Avison Young represented the Landlord.

 

A 60-month new lease to Alorica Customer Care, Inc, was signed.  The +/- 30,498 square-foot space is located at 5070 Badura Ave, Las Vegas, NV 89118.  Dan Palmeri, SIOR, and Natalie Wainwright of Cushman & Wakefield represented the Tenant.  Nicola Fryatt of Thomas & Mack represented the Landlord.

 

A 36-month new lease to Banjo, Inc, was signed.  The +/- 12,881 square-foot space is located at 5655 Badura Ave, Ste 180, Las Vegas, NV 89118.  Dan Palmeri, SIOR, and Natalie Wainwright of Cushman & Wakefield represented the Tenant.  Nicola Fryatt of Thomas & Mack represented the Landlord.

 

A 120-month new lease to Total Renal Care, Inc, was signed.  The +/- 10,947 square-foot space is located at 2300 Corporate Cir, Ste 100, Henderson, NV 89014.  Dan Palmeri, SIOR, and Natalie Wainwright of Cushman & Wakefield represented the Tenant.  Charles Van Geel of American Nevada Realty represented the Landlord.

 

A 16-month lease renewal to DaVita Medical Management Services Nevada, LLC, was signed.  The +/- 18,470 square-foot space is located at 3131 La Canada, Ste 140, Las Vegas, NV 89169.  Dan Palmeri, SIOR, and Natalie Wainwright of Cushman & Wakefield represented the Tenant.  Paul Beechen of Corrigan Companies represented the Landlord.

 

A 60-month new lease to DaVita Medical Management Services Nevada, LLC, was signed.  The +/- 6,913 square-foot space is located at 3131 La Canada, Ste 200, Las Vegas, NV 89169.  Dan Palmeri, SIOR, and Natalie Wainwright of Cushman & Wakefield represented the Tenant.  Paul Beechen of Corrigan Companies represented the Landlord.

 

A 39-month new lease to Penn Interactive Ventures, LLC, was signed.  The +/- 5,740 square-foot space is located at 375 N Stephanie St, Henderson, NV 89014.  Dan Palmeri, SIOR, and Natalie Wainwright of Cushman & Wakefield represented the Tenant.  Glenn R Wilcox of Ohana Realty Group represented the Landlord.

 

A 122-month lease renewal to Intelligent Office, was signed.  The +/- 5,520 square-foot space is located at 9550 S Eastern Ave, Las Vegas, NV 89123.  Dan Palmeri, SIOR, and Natalie Wainwright of Cushman & Wakefield represented the Tenant.  Alil Kaveh of Platinum Realty Professionals represented the Landlord.

 

A 65-month new lease to Center for Comprehensive Services, Inc, was signed.  The +/- 4,558 square-foot space is located at 2785 S Rainbow Blvd, Las Vegas, NV 89146.  Dan Palmeri, SIOR, and Natalie Wainwright of Cushman & Wakefield represented the Tenant.  Paula Lea of Cushman & Wakefield represented the Landlord.

 

Green Valley Town Center In Henderson Sold For $21.5 Million – Part Of American Nevada Portfolio

Green Valley 1Cushman & Wakefield has announced the sale of the Green Valley Town Center in Henderson, Nevada, a suburb of Las Vegas. Henderson Town Center LLC acquired the 194,757-square-foot (sf) multi-building mixed-use center for $21.5 million in September. The property is part of a massive high class regional real estate portfolio being sold by American Nevada Company, represented by Rick Reeder and Brad Tecca of Cushman & Wakefield’s Capital Markets. Cushman & Wakefield’s Geoffrey West, Jayne Cayton, and Michael Dunn are also performing local expert advisory in the disposition(s).

The sale consisted of Green Valley Town Center II & III (4300 & 4500 E. Sunset Rd.) and Athenian Green ValleyShops (4350 E. Sunset Rd.). Built in multiple phases from 1988 to 2001, the properties are situated on a combined 20.3 acres in the northern portion of the 8,400-acre Green Valley master-planned community. Green Valley Town Center II is a vibrant 117,902-sf retail center anchored by Galaxy Luxury Theater and Barley’s Casino and Brewing Company—which provides a unique unrestricted gaming use—plus several other smaller retailers. Athenian Shops is a 22,087-sf two-story multi-tenant retail center that features four tenants including two restaurants. Green Valley Town Center III is a dynamic 54,768-sf two-story, mixed-use property offering retail on the first floor and office space on the second floor. The property is anchored by Las Vegas Buffet plus several other retail and office tenants. Collectively, the three properties were approximately two-thirds leased at the time of sale.

Mr. Reeder, Executive Managing Director said, “This unique collection of properties is well positioned to restore its standing as a major retail node for the Green Valley/Southeast Las Vegas area, which is experiencing renewed interest and redevelopment.Further, the strong, diverse tenancy of the property forms a desirable financial profile with well-balanced rollover.”

He added, “Considered a strong investment market in the U.S., significant population growth and job gains, particularly in the hospitality and retail sectors, have led to expansion of the Las Vegas region’s diverse economy.”

Mr. Tecca, Executive Director, noted, “This locationoffers superior accessibility, visibility, and abundant parking, and is proximate to many nearby retailers that draw additional consumers to the area.In addition, the property serves a trade area for several thousands of residents, as well as employees at numerous nearby business centers.”


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