December 27, 2017
Las Vegas-based G2 Capital Development, a privatelyowned commercial real estate development company, is pleased to announce its newest acquisition along the Maryland Parkway corridor. Campus Village, consisting of approximately 3 acres of land with two buildings totaling +/-39,185 SF of space at the northeast corner of Maryland Parkway and Harmon Ave., is now a part of G2 Capital Development’s real estate portfolio.
“We are excited to have purchased Campus Village, and look forward to continuing to operate the property, as well as evaluating potential redevelopment opportunities,” said Frank Marretti, Founder and Owner of G2 Capital Development. “Our commitment to the Maryland Parkway corridor is stronger than ever.”
Campus Village is a commercial center consisting of a mix of retail and office tenants. Built in the late 1970s, the property consists of one two-story building with frontage along Maryland Parkway and adjacent to UNLV, and one single-story building set back to the east along Harmon Avenue. Tenants at Campus Village offer a host of different services to UNLV students, as well as to local residents, including food services, salon services, and other retail shops.
Campus Village is the third major investment in property along Maryland Parkway for G2 Capital Development. Just south of Campus Village , the University Gateway project is about to begin its final phase of construction with an 8-story mixed-use building consisting of retail, office and luxury apartment units, containing approximately +/-180,000sf. Construction on this $60+ million dollar project is expected to begin within the next few weeks. Earlier this year, G2 Capital Development entered into agreements to re-develop a 4+ acre site just north of Campus Village as well as completing Phase I of the University Gateway project by constructing and delivering a seven-story parking garage with approximately 820 parking spaces and 10,000 square feet of office space to be used for a UNLV police substation.
October 12, 2017
Marcus & Millichap announced the sale of Compassion Care Hospice, a 7,200-square foot office property located at 7842 W Sahara Ave., in Las Vegas, NV. Golden Sahara LLC purchased the building for $1,500,000.
Ryan McCullough and Tina D. Taylor represented the seller, West Sahara Partners LLC.
October 5, 2017
The 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, visitwww.centrapointatthecurve.com.
October 5, 2017
Soozi Jones Walker, CCIM, SIOR and Bobbi Miracle, CCIM, SIOR of Commercial Executives Real Estate Services recently represented KINT, LLC in the leasing of 7,496 +/- RSF of office space located at 714 S. 4th Street, Suite 100, Las Vegas, NV to Sentinel Offender Services, LLC. The lease is for 60 months and is valued at $489,210.
September 23, 2017
CBRE 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.
September 5, 2017
Barton Hyde of Avison Young represented the tenant, Bensym in the 65 month, 4,883 SF office lease at 4670 South Fort Apache Road, Suite 100. Tanner Peterson of CBRE represented the landlord. The total value of the transaction was $737,000.
September 5, 2017
Chris 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.
July 31, 2017
Scott Donaghe of Avison Young represented the landlord, CIII in the 60 month lease of 2,588 SF at 411 Bonneville Square to Madyson Capital Management. The total value of the office transaction was $280,300.
June 12, 2017
Building Blocks for Business LLC leased 15,039 SF at 6170 N. Durango Road from Centennial Hills Property Owners LLC and Building Blocks for Business LLC. The total transaction volume was $1,699,288. Mike Young and David Livingston of IREPLV, LLC represented the Landlord and Brian Sorrentino, Jennifer Ott, and Angelica Lopez with ROI represented the Tenant.
June 12, 2017
Blue Lotus Counseling Services, LLC leased 1,568 SF at 7220 S. Cimarron Road from TPC 2 & 6 LLC. The total transaction volume was $151,494. Barton Hyde of Avison Young represented the Landlord and Mike Young and David Livingston of IREPLV, LLC represented the Tenant.