Category – Office – Las Vegas

Centra Point Changes Hands

centraThe Brookhollow Group and PCCP LLC are proud to announce the acquisition of Centra Point. Centra Point is a 383,000 square foot Class A office park located on the southern beltway “curve” in Las Vegas, Nevada.  Centra Point offers a strategic location in the booming Southwest Office Market between the master-planned communities of Summerlin and Green Valley while being just minutes away from the world-famous Las Vegas “Strip” and McCarran International Airport.

“We’ve had our eye on this asset for a long time now,” said Jeff Kaplan, a partner with The Brookhollow Group. “The quality of product, its unmatched location, prime visibility from the southern beltway curve and being in the center of Las Vegas’s fastest growing office markets all played a factor in our decision to aggressively pursue and ultimately acquire Centra Point.”  The acquisition demonstrates the continued trend of activity in the Southwest Las Vegas Office market.

“We are very excited to have the opportunity to work with The Brookhollow Group and help them re-position the asset,” said Nicholas Barber, a Director with Cushman and Wakefield. “The new ownership has the working capital, local presence and a strong sense of the Las Vegas Office market to make instant decisions on all leasing transactions. This is something that both Tenants and the brokerage community will benefit greatly from.” Major renovations will begin immediately and shall include upgraded lobbies and restrooms, landscape renovation, exterior building painting and exterior common area upgrades, spec suites and a new on-site leasing and management office. To learn more,

Mandelbaum MOB Buys Las Vegas Tech Center Plaza

photoCBRE announces today the sale of Las Vegas Tech Center Plaza, medical office buildings located at 2901-2931 N. Tenaya Way, Las Vegas, NV 89128. Charles Moore, CSM, Marlene Fujita-Winkel and Bart DeBuono of CBRE’s Las Vegas office represented the seller, CW Capital, in the $4,750,000 transaction encompassing 57,851 square feet. The buyer, Mandelbaum MOB, LLC, did not have representation.

The property is across the street from Mountain View Hospital near the intersection of U.S. Highway 95 and Cheyenne Avenue.

Spanish Vista Sells for $8.95 Million

spanish vistaChris Emanuel with Virtus Commercial represented the Buyer in an $8.95 million transaction of Spanish Vista, a 51,834 square feet garden style office park located less than a mile from the 215 Beltway at 4955 South Durango Drive, in Las Vegas.  Tina Taylor and Ryan McCullough with Marcus & Millichap  represented the seller, WJA Properties, LLC & Gold Pac Capital, LLC. Virtus Commercial will be handling the Property Management and Leasing at the Property, which includes an Executive Suite component.

Angius & Terry LLP Sign Three Year Deal

9127russellSoozi Jones Walker, CCIM, SIOR and Bobbi Miracle, CCIM, SIOR of Commercial Executives Real Estate Services recently represented Beltway One Development Group, LLC in the leasing of 3,339 +/- RSF of office space located at 9127 W. Russell Road, Suite 220, Las Vegas, NV to Angius & Terry, LLP. The lease is for 36 months and is valued at $260,076 ($2.16/SF).

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