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Category – Retail

Virtus Commercial Deals Of Note – Office And Retail Leasing Activity

green Valley townLas Vegas Made, LLC has leased approximately 7,641 SF of retail space at Green Valley Town Center III, located at 4300 E. Sunset Rd. Ste. A-1, in Henderson.  Brett S. Beck of Virtus Commercial represented the Lessor, Henderson Town Center LLC., and Brad S. Winston of Award Realty Corp. represented the Lessee.

 

 

 

 

 

 

 

639 e brooksPride Communications, Inc. has leased approximately 6,000 SF of industrial space located at 639 E. Brooks Ave. Ste. 206-207, in N. Las Vegas. Matt Feustel of Virtus Commercial represented the Lessee and Jason Simon of JLL represented the Lessor, HIC Trident, LLC.

 

 

 

 

 

1785 e sahara1Precise Business Management, LLC has leased approximately 749 SF of office space at The 1785 Office Center, located at 1785 E. Sahara Ave. Ste. 350, in Las Vegas.  Chris Emanuel of Virtus Commercial represented the Lessor, The 1785 Office Center, LLC.

 

 

 

 

 

 

955 w craigPlatinum Hair Salon has renewed their lease for the 1,750 SF of retail space at Revere Marketplace, located at 955 W. Craig Rd. Ste. 101B, in N. Las Vegas.  Chris Emanuel of Virtus Commercial represented the Lessor, Las Vegas Adventure, LLC.

 

Marcus & Millichap Confirms Investment Sales Transactions Across The Market

smoke ranchMarcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of Smoke Ranch Plaza, a 10,000-square foot retail property located in Las Vegas, Nevada. The asset sold for $1,256,000.Dustin R. Alvino, first vice president investments, in Marcus & Millichap’s Las Vegas office, had the exclusive listing to market the property on behalf of the seller, a private investor. Smoke Ranch Plaza is located at 6595 Smoke Ranch Road in Las Vegas, NV

 

 

 

 

martin professionalMarcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of Martin Professional  Building, a 8,708-square foot office property located in Las Vegas, Nevada. The asset sold for $1,415,000. Tina D. Taylor, first vice president investments, and Ryan McCullough, associate, in Marcus & Millichap’s Las Vegas office, had the exclusive listing to market the property on behalf of the seller, an individual/personal trust. Martin Professional Building is located at 9330 W Martin Ave in Las Vegas, NV.

 

 

 

 

holiday houseMarcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of the Holiday House and Holiday Motels, which together equate to 101 motel rooms on approximately 92,782-square feet of land located on Las Vegas Boulevard. The asset sold for $4,700,000. Dustin R. Alvino, first vice president investments, and Ray Germain, first vice president investments, in Marcus & Millichap’s Las Vegas office, had the exclusive listing to market the property on behalf of the seller, a limited liability company. The Holiday House and Holiday Motels are located at 2205-2211 Las Vegas Blvd S in Las Vegas, NV just north of Sahara Avenue.  “The properties are contiguous and provide the owner with significant frontage on one of world’s most well-known boulevards.    These properties received a great deal of interest resulting in multiple competing offers from both local and national buyers, indicating a substantial increase in investor confidence in this submarket,” says Germain.  Alvino adds, “We were thrilled to sell this property to a local developer who has exciting plans to redevelop this property and continue the beautification of this area of Las Vegas Boulevard.”

Avison Young Secures Retail Lease And Industrial Sale Transactions

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Bruges WafflesJacqueline Young and Liz Clare, CCIM of Avison Young represented the landlord, Monterey Vista Village in the 60 month, 1,200 SF retail lease at 3525 Fort Apache, Suite 2, 89147.  John Weisler of JW Michaels Realty Services represented the tenant, Bruges Waffles and Fries.  The total value of the lease was $182,130.

 

 

 

 

 

 

Village Square - 1-1-12 129Jacqueline Young and Liz Clare, CCIM of Avison Young represented both parties in the 64 month, 1,200 SF retail lease at 9400 Sahara, Suite 140, 89117.  The landlord was G&I VIII Village Square LLC and the tenant was Hair Queens.  The total value of the lease was $154,464.00.

 

 

 

 

 

 

 

 

4343 RanchoJacqueline Young and Liz Clare, CCIM of Avsion Young represented both parties in the 12 month, 2,906 SF retail lease at 4343 Rancho Drive, 89130. The landlord was 4343 N. Rancho DriveLLC and the tenant was Bath and Body Works. The total value of the lease was $43,600.

 

 

 

 

 

 

 

Chris Lexis and Joe Leavitt of Avison Young represented the buyer, CCC LLC in the purchase of a 12,000 SF industrial building at 2111 Western Avenue, 89102 from the sellers, Jerry and James Karr.  The total value of the sale was $900,000.

Recent Virtus Commercial Transactions

img_Southforke Pointe_9975 S EasternGameStop, Inc has renewed their lease for the 1,023 SF retail space at Southforke Pointe, located at 9975 S. Eastern Ave. Ste. 125, in Henderson.  Chris Emanuel of Virtus Commercial represented the Lessor, SAAC, LLC.
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img_Desert Inn Plaza_3242 E Desert Inn RdMaria Luz Garcia & Danilo Francisco Diaz Cortina has leased approximately 800 SF of retail space at Desert Inn Plaza, located at 3242 E. Desert Inn Rd. Ste. 6, in Las Vegas.  Brett S. Beck of Virtus Commercial represented the Lessor, Desert Inn Square, and Gary S. Beck of Virtus Commercial represented the Lessee.   Paula Rainey has leased approximately 800 SF of retail space at Desert Inn Plaza, located at 3242 E. Desert Inn Rd. Ste. 12, in Las Vegas.  Brett S. Beck of Virtus Commercial represented the Lessor, Desert Inn Square, and Gary S. Beck of Virtus Commercial represented the Lessee.

 

 

 
img_Green Valley Town Center II_4500 E Sunset RdDivine Wellness, LLC has leased approximately 1,510 SF of retail space at Green Valley Town Center II, located at 4500 E. Sunset Rd. Ste. 4, in Henderson.  Brett S. Beck of Virtus Commercial represented the Lessor, Henderson Town Center LLC, and Gary S. Beck represented the Lessee.

 

 

 

 

 

img_Stewart Square_235 N EasternJuan Kuraica & Juan Antonio Gauthereau has leased approximately 1,200 SF of retail space at Stewart Square, located at 235 N. Eastern Ave. Ste. 110, in Las Vegas.  Matt Feustel of Virtus Commercial represented the Lessor, The Miller Trust Dated 11/30/1999; Care Holdings, LLC; LMGP 1, LLC.

 

 

 

 

 

img_Stewart Square_235 N EasternMelissa Gamboa has leased approximately 1,200 SF of retail space at Stewart Square, located at 235 N. Eastern Ave. Ste. 106, in Las Vegas.  Matt Feustel of Virtus Commercial represented the Lessor, The Miller Trust Dated 11/30/1999; Care Holdings, LLC; LMGP 1, LLC and Christian Terry of Virtus Commercial represented the Lessee.

 

 

 

 

img_Sunridge Village Plaza_10960 S EasternGrowingone Inc. has leased approximately 1,200 SF of retail space at Sunridge Village Plaza, located at 10960 S. Eastern Ave. Ste. 110, in Henderson.  Brett S. Beck of Virtus Commercial represented the Lessor, Kwang Ha LLC, and Kumiko Toyoda of TR Realty represents the Lessee

 

 

 

 

 

img_5770 S Valley ViewClearlake Holdings has leased approximately 5,966 SF of office space located at 5770 S Valley View Blvd. Building B, in Las Vegas.  Matt Feustel of Virtus Commercial represented the Lessor, DDZ, LLC and Brad Winston of Award Realty represented the Lessee

Monte Village Shopping Center, LLC Signs Long Term Retail Lease – Avison Young

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AVLiz Clare, CCIM and Jacqueline Young of Avison Young represented the landlord, Monterey Vista Village Shopping Center, LLC in the 126 month retail lease located at 3555 South Fort Apache in Las Vegas, Nevada.  Cory Argubright of Dunbar Commercial represented the tenant, 9 Rounds.  The total value of the transaction was $253,008.00.

Newmark Knight Frank Completes Retail Transactions

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Henderson Aikido, LLC leased 2,800 square feet of retail space at 229 N. Stephanie St., Ste. D-E, from Stephanie Promenade, LLC. Total consideration was $240,822. Managing Director Michael Zobrist and Executive Managing Director Nelson Tressler of Newmark Knight Frank represented the lessor in the transaction.

 

Daddy’s Q, LLC leased 1,600 square feet of retail space at 4115 S. Grand Canyon Pkwy., Ste. 100, from Grand Canyon Center, LP. Total consideration was $136,512. Managing Director Michael Zobrist and Executive Managing Director Nelson Tressler of Newmark Knight Frank represented the lessor in the transaction.

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.”

Virtus Commercial’s Office And Retail Leasing Activity Remains Solid

600 s 6thPaper Bag Beauty has leased approximately 1,783 SF of retail space located at 600 S. 6th St, in Las Vegas.  Robert S. Hatrak II of Virtus Commercial represented the Lessor, David Mason.

 

 

 

 

 

1785 e saharaHKM Employment Attorneys LLP has leased approximately 923 SF of office space at The 1785 Office Center, located at 1785 E. Sahara Ave. Ste. 325, in Las Vegas.  Brett S. Beck of Virtus Commercial represented the Lessor, The 1785 Office Center LLC. and Gary S. Beck of Virtus Commercial represented the Lessee.

 

 

 

 

 

3949 Martin LutherSecond Chance Resources LLC has leased approximately 3,204 SF of office space at Alexander Square, located at 3940 N. Martin Luther King Blvd. Ste. 110, in N. Las Vegas.  Brett S. Beck of Virtus Commercial represented the Lessor, Alexander Square LLC and Gary S. Beck of Virtus Commercial represented the Lessee.

 

 

 

 

 

DCIM100MEDIADJI_0149.JPGAndres Almanza & Valentin Vargas have leased approximately 1,808 SF of retail space at Charleston Square, located at 4420 E. Charleston Blvd. #4, in Las Vegas.  Robert S. Hatrak II represented both the Lessee and the Lessor, Charleston Vegas Partners LP.

 

 

 

 

 

3900 MeadowsSafe Nest has leased approximately 10,000 SF of office space at Meadows Business Center II, located at 3900 Meadows Lane, in Las Vegas.  Robert S. Hatrak II represented the Lessor, 3900 Meadows LLC / David Mason, and Jarrad Katz of MDL represented the Lessee.

 

 

 

 

 

10960 S easternJM Cookie LLC has leased approximately 1,200 SF of retail space at Sunridge Village Plaza, located at 10960 S. Eastern Ave. Ste. 109, in Henderson.  Brett S. Beck of Virtus Commercial represented the Lessor, Kwang Ha LLC and Alexia Crowley of Colliers International represented the Lessee.

 

 

 

 

 

2471 w horizonOur Little World Treatment Center has leased approximately 2,377 SF of office space at Horizon Ridge Commons, located at 2471 W. Horizon Ridge Pkwy. Ste. 100, in Henderson.  Brett S. Beck of Virtus Commercial represented the Lessor, Shin Sookwe and Randal J. Gibson of First Federal Realty DeSimone represented the Lessee.

 

 

 

 

 

1785 e saharaAt Your Service Home Care has renewed their lease for the 3,634 SF office space at The 1785 Office Center, located at 1785 E. Sahara Ave. Ste. 430, in Las Vegas.  Chris Emanuel of Virtus Commercial represented the Lessor, The 1785 Office Center, LLC.

 

 

 

 

 

5665 w saharaGohar Margarin has leased approximately 2,376 SF of retail space at Westview Plaza, located at 5665 W. Sahara, Ste. 104-105, in Las Vegas.  Robert S. Hatrak II of Virtus Commercial represented both the Lessor, Nick and Georgia Dalacas Trust, and the Lessee.

Mountain West Commercial Announces Recent Office, Retail & Industrial Transactions

8597 del wennKyle Nasse Agency Farmers Insurance leased 1,400 SF of retail space at Rampart Plaza, 8597 Del Webb Blvd. Las Vegas, Nevada 89134. Jakke Farley and Preston Abell of Mountain West Commercial represented the Lessee.

 

 

 

 

 

 

9691 Trail woodKobe Insurance DBA Farmers Insurance leased 880 SF of retail space at Trailwood Center, 9691 Trailwood Dr. Las Vegas, Nevada 89134. Jakke Farley of Mountain West Commercial represented the Lessee.

 

 

 

 

 

 

 

220 E HorizonAuralcare hearing centers DBA My Hearing Centers leased 1,000 SF of Office Space at Horizon Drive Office Complex, 220 E. Horizon Dr. Henderson, Nevada 89015. Jakke Farley of Mountain West Commercial represented the Lessee.

 

 

 

 

 

w oquendoRobles Cleaning and Handyman Service LLC leased 1,600 SF of Industrial Space at 3977 W. Oquendo Rd. Las Vegas, Nevada 89118. Jakke Farley of Mountain West Commercial represented the Lessee.

 

 

 

 

 

 

pecos mcleodCampbell’s Estate Gallery leased 2,150 SF of Office Space at Pines Professional Park at 3910 Pecos -Mc-Leod Interconnect Las Vegas, Nevada 89121. Jakke Farley of Mountain West Commercial represented the Lessor.

 

 

 

 

 

 

 

victory village123 ABC Grow, LLC leased 2,788 SF of Retail Space at Victory Village , 284 B Lake Mead Pkwy. Henderson, Nevada 89009. Jakke Farley of Mountain West Commercial represented the Lessor.

 

 

 

 

 

 

 

victory village2Fuzen Pho & Thirstea Juice leased 5,550 SF of Retail Space at Victory Village , 272 Lake Mead Pkwy. Henderson, Nevada 89009. Jakke Farley of Mountain West Commercial represented the Lessor.

 

 
 

 

 

9310Archie’s Thai Bistro leased 2,634 SF of Retail Space at Beltway Plaza, 9310 S. Eastern Ave. Suite 101 Henderson, Nevada 89123. Jeff Mitchell and Preston Abell of Mountain West Commercial represented the Lessor.

 


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