SIOR_Header

Category – Cushman & Wakefield

Plaza 8, 9 & 10 At Green Valley Corporate Center Sells For Over 37 Million – Cushman & Wakefield

 

 

DCIM100MEDIADJI_0398.JPG

cushman

 

 

 

 

 

 

Properties Carved from Massive, High Class American Nevada CRE Portfolio – One of the Buyers Making First Entry into Las Vegas Metro Market

plaza 10Cushman & Wakefield announced today the sales of three high quality office buildings totaling 172,469 square feet (sf) that comprise the Green Valley Corporate Center—North complex in Henderson, Nevada, a suburb of Las Vegas. The assets, which consisted of Plaza 8, 9 and 10, transpired over two separate investment transactions for a combined price of $37.05 million.

The properties are part of a larger, massive high class regional real estate portfolio currently in the process of being sold by American Nevada Company, which was represented in the disposition by Rick Reeder and Brad Tecca of Cushman & Wakefield’s Capital Markets in San Diego who both primarily focus on larger, best in class, institutional office and industrial investment sales in the Las Vegas, San Diego, and Phoenix markets. Cushman & Wakefield’s Geoffrey West, Jayne Cayton, and Michael Dunn based in Las Vegas are also performing local expert advisory in the disposition(s).

plaza 8Mr. Reeder, Executive Managing Director, said, “Green Valley Corporate Center—North represents premier stable assets that are well leased to credit tenants and desirably located within the Las Vegas Metro area, internationally recognized as one of the most exciting tourist destinations in the world. The Metro is coextensive with Clark County, the heartbeat of Southern Nevada, which encompasses nearly 8,000 square miles, five cities and a growing population.”

Sold as a single asset of 54,365 sf, Plaza 8 was acquired by real estate investment firm JMA Ventures for a price of $13.15 million or $242 per square foot. Situated on 3.68 acres, Plaza 8 is a classically-designed, two-story office building that was 100% leased at the time of sale with tenants including Atkins, Barrick Gold and Signature Gallery of Homes. Developed in 2002, the building’s high-quality construction is highlighted by a dramatic entry flanked with soaring palm trees, reflective glass providing abundant natural light, an inviting lobby with polished granite accents, large and flexible floor plates and modern interior finishes. Extensive window lines also provide tenants with views of the surrounding area and the attractive, tree-lined landscaping.

Mr. Tecca, Managing Director, said, “The five leases in place at Plaza 8 vary from established to recently signed tenants which, together, reflect both the property’s ongoing stability and desirability.”

plaza 9Sold as a joint asset, Plaza 9 and Plaza 10 total a combined 118,104 sf and were acquired by Strategic Office Partners, a joint venture between Gramercy Property Trust and TPG Real Estate, for a price of $23.9 million or $202 per square foot. The acquisition marked the Buyer’s first entry into the Las Vegas metro market. The pair of buildings were 100% leased at the time of sale to long-term tenant Barclays Services Corporation, a multinational banking and financial services company. Completed in 2000, Plaza 9 is a two-story structure totaling 63,959 sf on 5.62 acres that features striking architectural designs, tenant balconies, prominent signage and expansive floor designs that accommodate a variety of needs. Plaza 9 also offers a desirable business setting complete with large windows framing scenic views, meticulous landscaping, and generous parking. Developed in 1999, Plaza 10 consists of a two-story 54,145-sf building on 5.06 acres featuring similar architectural designs to the neighboring Plaza buildings. Plaza 10 offers high-end construction with extensive dual-glazed reflective glass and extensive window lines producing picturesque views, spacious floor plates, high-end commercial finishes, multiple tenant entries, and an ample parking ratio. Further enhancing the corporate environment of these two properties are pedestrian walkways linking them to one another as well as to Plaza 8.

Working collectively with the seller, the Cushman & Wakefield team positioned the Plaza 9 and 10 asset as a favorable investment to an array of investors from all over the world. In securing an out-of-state party such as Strategic Office Partners as the eventual buyer, Mr. West and Ms. Cayton, both Senior Directors, were also effectively instrumental in providing a deep exploration of the Las Vegas metro market, showcasing all of its alluring qualities as well as positive real estate performance from a market demand standpoint. Mr. Tecca noted, “Our team’s cohesive approach helped equip the buyer with a greater understanding of the local area and provided forward looking data to bolster their decision to enter this marketplace, which is now experiencing growing interest and demand from institutional investors.”

Mr. West said, “The identification and procurement of Strategic Office Partners as the buyer for Plaza 9 and 10 represented a coup for the Las Vegas market through attracting a premier institutional buyer active in numerous other top national metro markets for its first acquisition in the Las Vegas market, and provides a welcome addition of another sophisticated owner to the Las Vegas real estate landscape.

“Green Valley Corporate Center-North Plaza 9 and Plaza 10 properties represent a premier asset developed by American Nevada Company, and when combined with the strong credit of Barclays Services Corporation provides an exciting addition to the Strategic Office Partners portfolio.”

Notably, also as part of the larger American Nevada portfolio, the Cushman & Wakefield listing team had recently sold the Green Valley Town Center in Henderson in September. Henderson Town Center LLC had acquired the 194,757-sf mixed-use center consisting of Green Valley Town Center II & III (4300 & 4500 E. Sunset Rd.) and Athenian Shops (4350 E. Sunset Rd.) for $21.5 million.

 

 

 

Cushman & Wakefield Red Hot With Activity

 

cushmanCushman & Wakefield just released the following activity:

 

 

Nevada Chapter of the National Hemophilia Foundation leased 750 SF of office space at Rainbow Office Center, Ste 203, Las Vegas 89145. Pete Janemark, CCIM of Cushman & Wakefield represented the lessor, 222 Rainbow, LLC.

PW Enterprises renewed 1,595 SF of office space at 5135 Camino Al Norte, Ste 220, North Las Vegas 89031. Pete Janemark, CCIM of Cushman & Wakefield represented the lessor, KFRE Camino, LLC.

Jet Stream Academics, LLC leased 1,954 SF of office space at Palms Business Center North, 3002 Rigel Ave, Ste 100, Las Vegas 89102. Leo Biedermann and Bob Hawkins of Cushman & Wakefield represented the lessor, Fisher Brothers Las Vegas, LLC.

Air Squad Heating & Air Conditioning renewed 1,630 SF of industrial space at Palms Business Center North,3017 Rigel Ave, Ste D-3017, Las Vegas 89102. Leo Biedermann of Cushman & Wakefield represented the lessor, Fisher Brothers Las Vegas, LLC.

Hospitality Marketing, LLC renewed 2,201 SF of industrial space at Palms Business Center North, 3022 Rigel Ave, Las Vegas 89102. Leo Biedermann of Cushman & Wakefield represented the lessor, Fisher Brothers Las Vegas, LLC.

Podworx, Inc renewed 2,997 SF of industrial space at Palms Business Center North, 3013 & 3015 Rigel Ave, Las Vegas 89102. Leo Biedermann of Cushman & Wakefield represented the lessor, Fisher Brother Las Vegas, LLC.

United California Freight Solutions, Inc renewed 4,329 SF of industrial space at Desert Inn Commerce Center, 3226 W Desert Inn Rd, Las Vegas 89102. Leo Biedermann of Cushman & Wakefield represented the lessor, Paradise Las Vegas, LLC.

Beqa Lagoon Resort Support Services, LLC renewed 800 SF of industrial space at Kraft Building, 2900 Meade Ave, Ste 5, Las Vegas 89102. Leo Biedermann of Cushman & Wakefield represented the lessor, Paradise Las Vegas, LLC.

Holbrook Asphalt, LLC renewed 758 SF of industrial space at Kraft Building, 2900 Meade Ae, Ste 7, Las Vegas 89102. Leo Biedermann of Cushman & Wakefield represented the lessor, Paradise Las Vegas, LLC.

Royal Coach Tours, Inc leased 1 acre of industrial space at 8801 Las Vegas Blvd S, Las Vegas 89123. Leo Biedermann of Cushman & Wakefield represented the lessee.

Whiting-Turner Contracting Company renewed 3,600 SF of industrial space at Desert Inn Commerce Center,3230 W Desert Inn Rd, Ste 170, Las Vegas 89102. Leo Biedermann of Cushman & Wakefield represented the lessor, Paradise Las Vegs, LLC.

CRET LLC Series 2012-2, a Nevada limited liability company subleased 37,500 SF of industrial space at 4825 E Cheyenne Ave, Ste A, Las Vegas 89115. Kimberly Noack-Summers, Travis Noack, and Warren Noack of Cushman & Wakefield represented the lessee.

NOA Capital, LLC bought 24,806 SF of industrial space for $2,937,500 at 2020 Pama Ln, Las Vegas 89119. Danielle Steffen, SIOR and Amy Ogden, SIOR of Cushman & Wakefield represented the seller, MCA Pama, LLC.

Clifford G & Louise J Kohler Family Trust bought 9,556 SF of industrial space for $1,366,508 at 6847 S Eastern Ave, Las Vegas 89119. Art Farmanali of Cushman & Wakefield represented the seller, Nagala Family Limited Partnership, LLP.

Ameriprise Holdings, Inc leased 4,398 SF of office space at Green Valley Corporate Center, 2370 Corporate Cir, Ste 160, Henderson 89074. Jayne Cayton and Matt Kreft of Cushman & Wakefield represented the lessor, Corporate Ctr V, LLC.

Citywide Home Loans, a Utah Corporation leased 3,053 SF of office space at Pointe Flamingo, 4040 S Eastern Ave, Ste 340, Las Vegas 89119. Bob Hawkins and Neil Sorkin of Cushman & Wakefield represented the lessor, Pointe Flamingo Holdings, LLC.

Mozingo Ventures, LLC leased 810 SF of office space at 222 S Rainbow Blvd, Ste 104, Las Vegas 89145. Pete Janemark, CCIM of Cushman & Wakefield represented the lessor, 222 Rainbow, LLC.

Lightsha Wellness, LLC leased 775 SF of office space at Red Feather Plaza, 3281 N Decatur Blvd, Ste 120, Las Vegas 89130. Pete Janemark, CCIM of Cushman & Wakefield represented the lessor, Red Feather Plaza, LLC.

Satish Sharma, MD, PC renewed 4,367 SF of office space at Sansone Pecos, 9029 S Pecos Rd, Ste 2800, Henderson 89074. Nick Barber of Cushman & Wakefield represented the lessor, 9005-9089 South Pecos Raod, LLC.

Anthony Byrne renewed 2,409 SF of retail space at Azra Center, 4440 E Washington Ave, Ste 114-115, Las Vegas 89110. Lauren Tabeek, CCIM and Katelyn Panella of Cushman & Wakefield represented the lessor, Berryessa Plaza, LLC.

METROPCS Nevada, LLC renewed 2,888 SF of retail space at Craig Promenade, 655 W Craig Rd, Ste 112, North Las Vegas 89032. Lauren Tabeek, CCIM and Katelyn Panella represented the lessor, RREF II-KI Promenade, LLC.

Waddell & Reed, Inc leased 4,784 SF of office space at Town Center and 216 Office Building, 10777 W Twain Ave, Ste 120 & 130, Las Vegas 89135. Jayne Cayton and Matt Kreft of Cushman & Wakefield represented the lessor, TAG Town Center 1, LLC.

Friends of Steven Sisolak leased 1,140 SF of office space at 201 Las Vegas Blvd, Ste 240-250, Las Vegas 89101. Bob Hawkins, Jayne Cayton, and Matt Kreft of Cushman & Wakefield represented the lessor, 201 Vegas DP, LLC, a Nevada limited liability company.

Tru Yoga, LLC leased 2,086 SF of office space at Brookhollow Business Park, 7310 Smoke Ranch Rd, Ste D, Las Vegas 89128. Bob Hawkins of Cushman & Wakefield represented the lessor, Brookhollow Business Park, LLC.

CYBT, Incorporated renewed 1,669 SF of office space at Brookhollow Business Park, 7320 Smoke Ranch Rd, Ste H, Las Vegas 89128. Bob Hawkins of Cushman & Wakefield represented the lessor, Brookhollow Business Park, LLC.

Enterprise Plumbing and Mechanical, LLC leased 1,508 SF of office space at 3565 E Post Rd, Ste 112B, Las Vegas 89120. Pete Janemark, CCIM of Cushman & Wakefield represented the lessor, AMJ Post, LLC.

Platinum Mortgage Home Corporation leased 5,942 SF of office space at Fort Apache Corporate Center, 4670 S Fort Apache Rd, Ste 190, Las Vegas 89147. Nick Barber of Cushman & Wakefield represented the lessor, Colonial Plaza office Center, LLC.

Finance of America Mortgage, LLC expanded their office space by 5,942 SF at Fort Apache Corporate Center, 4670 S Fort Apache Rd, Ste 180, Las Vegas 89147. Nick Barber of Cushman & Wakefield represented the lessor, Colonial Plaza Office Center, LLC.

Pebble Stone Coatings, Inc leased 4,000 SF of industrial space at Desert Inn Commerce Center, 3230 W Desert Inn Rd, Ste 140, Las Vegas 89102. Leo Biedermann of Cushman & Wakefield represented the lessor, Paradise Las Vegas, LLC.

Staffing Authority, LLC leased 3,500 SF of retail space at Imperial Plaza, 4343 N Rancho Dr, St 222, Las Vegas 89130. Bob Hawkins and Neil Sorkin of Cushman & Wakefield represented the lessor, Royal Investors Group, LLC – Javid Investments – Shayan Capital.

Pump Salon renewed 1,352 SF of office space at Canyon Plaza 7985 W Sahara Ave, Ste 106, Las Vegas 89117. Bob Hawkins of Cushman & Wakefield represented the lessor, Winner Properties, LLC.

Double E Holdings, LLC dba Rock YourSales leased 1,075 SF of office space at Desert Inn Office Center, 2785 E Desert Inn Rd, Ste 150, Las Vegas 89121. Pete Janemark, CCIM of Cushman & Wakefield represented the lessor, 2625 BV, LLC.

Willwork, Inc renewed 4,170 SF of industrial space at Desert Inn Commerce Center, 3218 W Desert Inn Rd, Las Vegas 89102. Leo Biedermann of Cushman & Wakefield represented the lessor, Paradise Las Vegas, LLC.

Classic Canine III, LLC renewed 1,270 SF of retail space at 1651 W Horizon Ridge Pkwy, Ste 160, Las Vegas 89012. Lauren Tabeek, CCIM and Katelyn Panella of Cushman & Wakefield represented the lessor, Beryessa Plaza, LLC.

Vapetasia, LLC leased 10,451 SF of industrial space at 871 Grier Dr, Ste B1, Las Vegas 89119. Travis Noack, Kimberly Noack-Summers, Warren Noack, and Geoffrey West of Cushman & Wakefield represented the lessor, Kirkorian Properties, a California limited partnership.

EMA Consulting, LLC purchased 4,550 SF of office space for $710,000 at 2948 E Russell Rd, Las Vegas 89120. Nick Barber and Eric Rogosch of Cushman & Wakefield represented the lessor, JIB Real Estate, LLC.

Dispatchhealth Management, LLC leased 1,770 SF office space at Charleston Valley View Business Park, 3814 W Charleston Blvd, Ste 203, Las Vegas 89102. Neil Sorkin and Bob Hawkins of Cushman & Wakefield represented the lessor, WBCMT 2007-C33 Charleston Boulevard LLC.

Joshua James Moore dba AMS Picture renewed 1,953 SF of retail space Centennial Plaza, 150 E Centennial Pkwy, Ste 114, Las Vegas 89032. Lauren Tabeek, CCIM and Katelyn Panella of Cushman & Wakefield represented the lessor, Centennial 5Development, LLC.

Prince Insurance, LLC leased 1,125 SF of retail space at Fiesta Plaza, 2125 Civic Center Dr, North Las Vegas 89030. Eric Rogosch, Dan Hubbard, and Jason Park of Cushman & Wakefield represented the lessor, TRIF III/Civic Plaza NV LLC.

Vandal Forever leased 1,920 SF of retail space at 4343 N Rancho Dr, Ste 210, Las Vegas 89130. Bob Hawkins and Neil Sorkin of Cushman & Wakefield represented the lessor, Royal Investors Group LLC-Javid Investments-Shayan Capital.

Navarro Research and Engineering, Inc renewed 1,200 SF of office space Spectrum Office Plaza, 3814 W Charleston Blvd, Ste 203, Las Vegas 89102. Bob Hawkins of Cushman & Wakefield represented the lessor, Anderson & Puryear Pistashio, LLP.

Matters of the Mind leased 5,503 SF office space at 4528 W Craig Rd, North Las Vegas 89031. Pete Janemark, CCIM of Cushman & Wakefield represented the lessor, AMJ Craig, LLC.

Center for Popular Democracy, Inc dba Make the Road of Nevada leased 1,100 SF of office space at Bonanza Plaza, 4250 E Bonanza Rd, Ste 14, Las Vegas 89110. Pete Janemark, CCIM of Cushman & Wakefield represented the lessor, Steven E Traisman dba SET Properties.

David J Winterton & Assocaites, Ltd, A Nevada Limited Partnership leased 2,118 SF of office space at 7881 W Charleston Blvd, Ste 220, Las Vegas 89117. Paula Lea, CCIM of Cushman & Wakefield represented the lessee.

HDR Consulting, LLC renewed 2,465 SF office space at Marbeya Business Center, 6655 W Sahara Ave, Las Vegas 89146. Nick Barber of Cushman & Wakefield represented the lessor, Pacific Peninsula, LLC.

David Feda dba Kabob Kitchen leased 1,576 SF retail space Lone Mountain Plaza, 10040 W Cheyenne Ave, Ste 150, Las Vegas 89129. Lauren Tabeek, CCIM and Katelyn Panella of Cushman & Wakefield represented the lessor, Sunstone Lone Mountain, LLC.

Bob Allen Golf, LLC leased 3,803 SF of retail space at 6415 S Fort Apache Rd, Ste 155-165, Las Vegas 89148. Lauren Tabeek, CCIM and Katelyn Panella of Cushman & Wakefield represented the lessor, LI Portfolio Holdings, LLC.

Kimley-Horn and Associates, Inc expanded their office space by 16,791 SF Town Square, 6671 Las Vegas Blvd S, Stes D310, D350 and D380, Las Vegas 89119. Jayne Cayton and Matt Kreft of Cushman & Wakefield represented the lessee.

Café Rio leased 3,556 SF of retail space at Bowler Plaza, 330 N Sandhill Blvd, Ste 330D, Mesquite 89027. Dan Hubbard of Cushman & Wakefield represented the lessor, Las Virgenes, LLC.

Leslie’s Poolmart, Inc leased 2,520 SF of retail space at Bowler Plaza, 330 N Sandhill Blvd, Stes H & I, Mesquite 89027. Dan Hubbard of Cushman & Wakefield represented the lessor, Las Virgenes, LLC.

David Graziano leased 4,170 SF of industrial space at Desert Inn Commerce Center 3220 W Desert Inn Rd, Las Vegas 89102. Bob Hawkins and Leo Biedermann of Cushman & Wakefield represented the lessor, Paradise Las Vegas, LLC.

BLV Holdings, LLC purchased 11,272 SF of office space for $1,025,000 at 732 S 3rd St, Las Vegas 89101. Bob Hawkins and Geoffrey West of Cushman & Wakefield represented the lessor, Summerlin LV, LLC.

Hilti, Inc leased 10,000 SF of industrial space at 5480 Valley View Blvd, Ste 160-170, Las Vegas 89118. Alma Cuevas of Cushman & Wakefield represented the lessor, Dunn-Edwards Corporation.

AW Ventures, LLC leased 2,573 SF of office space 6200 N Durango Dr, Ste 110, Las Vegas 89149. Nick Barber of Cushman & Wakefield represented the lessee.

Five Star Partnership, LLC leased 3,158 SF of office space at Sansone Pecos, 9065 S Pecos Rd, Ste 200, Henderson 89074. Nick Barber represented the lessor, 9005-9089 South Pecos Road, LLC.

PFS Marketing, LLC renewed 1,259 SF of office space at Pines Office Center, 7261 W Charleston Blvd, Ste 102, Las Vegas 89117. Nick Barber of Cushman & Wakefield Commerce represented the lessor, Pines Office Center, LLC.

Bella Grande Entrance renewed 8,000 SF of industrial space Desert Inn Commerce Center, 3222 W Desert Inn Rd, Las Vegas 89102. Leo Biedermann of Cushman & Wakefield represented the lessor, Paradise Las Vegas, LLC.

H&L Spa, Inc renewed 1,300 SF of retail space 775 W Craig Rd, Ste 164, Las Vegas 89032. Lauren Tabeek, CCIM and Katelyn Panella of Cushman & Wakefield represented the lessor, RREF II-KI Promenade, LLC.

Maria Rivetti leased 951 SF of retail space at Bianca Plaza 2959-B Sammy Davis Jr Dr, Las Vegas 89109. Lauren Tabeek, CCIM and Katelyn Panella of Cushman & Wakefield represented the lessor, Leonardi Properties, Inc.

AW Ventures, LLC leased 2,573 SF of office space 6200 N Durango Dr, Ste 110, Las Vegas 89149. Nick Barber of Cushman & Wakefield represented the lessee.

Five Star Partnership, LLC leased 3,158 SF of office space at Sansone Pecos, 9065 S Pecos Rd, Ste 200, Henderson 89074. Nick Barber represented the lessor, 9005-9089 South Pecos Road, LLC.

Xingquan Xue dba New China Cuisine renewed 2,600 SF of retail space 5515 Camino Al Norte, North Las Vegas 89031. Dan Hubbard of Cushman & Wakefield represented the lessor, Parlay Properties, LLC.

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

cushman

 

 

 

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.”


Hit Counter provided by laptop reviews