POLAR SHADES PURCHASES MANUFACTURING FACILITY
Experiencing exponential growth ever since it opened in 1994, Polar Shades Inc., a leading manufacturer and interior and exterior window shades, drapery tracks and retractable screen doors, recently purchased a new and larger manufacturing facility at 5520 Stephanie St.
Nevada State Development Corp. (NSDC), a SBA 504 loan provider, partnered with Bank of Nevada, a division of Western Alliance Bank, to fund the $4,725,587 purchase. NSDC’s part was a $1,934,000 SBA loan, and the bank amount was $2,362,500.00.
“Our new facility will house not only what was in our other two buildings but gives us the space to continue to grow our business,” said Steven Mevius, owner of Polar Shades. “Over the years, our company has grown from a small family-owned and operated business to more than 60 employees. The process of finalizing our latest loan through NSDC was a very good and seamless process,” he said. “Our new facility will give us the space we need to continue to grow the business.”
“I’m delighted that Polar Shades came to NSDC for assistance, as we were able to offer better terms on their loan,” said Evan Dickson, president of NSDC. “This company is continuously growing by leaps and bounds, so I have no doubt NSDC will be assisting them with another loan sooner than later.”
COMPLETED SALES TRANSACTIONS:
• Jason Dittenber; Jerad Roberts; Devin Lee, CCIM; and Robin Willett of Northcap Commercial Multifamily, have announced the recent sale of an apartment complex at 3990 E. Carey Ave. in North Las Vegas for $975,000 ($81,250/unit). This sale consisted of 12 multifamily units built in 1993. This transaction closed on May 10. Northcap Multifamily represented the buyer.
• A sale to Marion Drive Nevada Becknell Investors. The 18.81-acre vacant land parcel is at 3649 Marion Drive. The transaction value was $4,636,506. Dan Doherty, SIOR; Paul Sweetland, SIOR; Chris Lane, CCIM; and Jerry Doty of Colliers International represented the seller, Las Vegas Blvd. and Marion LLC.
• A sale to Western Plaza LLC. The approximately 3,000-square-foot STNL 7-Eleven investment property is at 8925 S. Las Vegas Blvd. The transaction value was $4,000,000. David Grant of Colliers International represented the seller, Meyer S. F. Partners L.P.
• A sale to LV Capital Fund. The 108,660-square-foot retail property is in Racetrack Plaza at 732,734,736 and 748 Racetrack Road in Henderson. The transaction value was $3,500,000. Scot Marker of Colliers International represented the seller, CIII Asset Management. Pat Marsh, SIOR, and Sam Newman of Colliers International represented the buyer.
• A sale to Spring Meadow Presbyterian Church. The approximately 10,000-square-foot industrial property is at 4870 W. Oquendo Road. The transaction value was $1,800,000. Dan Doherty, SIOR; Paul Sweetland, SIOR; Chris Lane, CCIM; Jerry Doty; Pat Marsh, SIOR; and Sam Newman of Colliers International represented the seller, 4870 W. Oquendo LLC.
• A sale to Capital Tint LLC. The 6,256-square-foot industrial property is in Gibson Business Plaza at 125 Gibson Road in Henderson. The transaction value was $1,160,000. Dean Willmore, SIOR; Alex Stanisic; and Mike Willmore of Colliers International represented the seller, Christian Brisepierre. Brian Riffel, SIOR, and Tyler Jones of Colliers International represented the buyer.
• A sale to Scandia Realty Group LLLP. The 8,258-square-foot industrial property is at 6623 S. Schuster St. The transaction value was $1,582,000. Dean Willmore, SIOR; Alex Stanisic; and Mike Willmore of Colliers International represented the seller, John Morotti.
COMPLETED LEASE TRANSACTIONS:
• A lease to Lady Armitage Inc. The 5,718-square-foot industrial property is in Walnut Business Park at 3020 N. Walnut Road, Suite 160. Dan Doherty, SIOR; Paul Sweetland, SIOR; Chris Lane, CCIM; and Jerry Doty of Colliers International represented the lessor, MCA Walnut LLC.
• A lease to SBL LLC. The 4,135-square-foot office property is in The Park at Warm Springs at 175 W. Warm Springs Road, Suite 200. Mike Willmore; Alex Stanisic; and Dean Willmore, SIOR, of Colliers International represented the lessor, Martinez GC & IE Revocable Living Trust.
• A lease to West Coast Trade. The 66,772-square-foot industrial property is at 3101 N. Lamb Blvd. Dan Doherty, SIOR; Paul Sweetland, SIOR; Chris Lane, CCIM; and Jerry Doty of Colliers International represented the lessee.
• A lease to The Whiting-Turner Contracting Co. The 12,061-square-foot Class A office property is in Marnell Corporate Center V at 6720 Via Austi Parkway, Suite 550. Patti Dillon, SIOR, of Colliers International represented the lessor, The Realty Associates Fund XI Portfolio L.P. Taber Thill, SIOR; Pat Marsh, SIOR; and Sam Newman of Colliers International represented the lessee.
• A lease to Portugal Sports Academy. The 6,943-square-foot industrial property is at 6366 Montessouri St. Tyler Jones and Brian Riffel, SIOR, of Colliers International represented the lessee.
• A lease to Colonial Life & Accident Insurance Co. The approximately 4,200-square-foot Class A office property is in City Center West at 7251 W. Lake Mead Blvd., Suite 400. Patti Dillon, SIOR, and Taber Thill, SIOR, of Colliers International represented the lessor, 7251 West Lake Mead LLC.
• A lease to Delivery Solutions of America LLC. The 4,008-square-foot industrial property is in Civic Center Corporate Park at 3888 Civic Center Drive in North Las Vegas. Dan Doherty, SIOR; Chris Lane, CCIM; Paul Sweetland, SIOR; and Jerry Doty of Colliers International represented the lessor, MCA Civic Center II LLC.
• A lease to Wood Rodgers Inc. The 1,714-square-foot office property is in Pebble Place Business Center at 2190 Pebble Road. Suzette LaGrange, CCIM, and Kara Walker, CCIM, of Colliers International represented the lessor, CVK LLC.
• A lease to VanDahl Inc. The 1,324-square-foot office property is in Scottsdale Plaza at 8784 S. Maryland Parkway, Suite 125. Chris Connell and Grant Traub, SIOR, of Colliers International represented the lessor, Highland and Sterling LLC.
• A lease to Michael Carlsen. The 1,316-square-foot office property is in Scottsdale Plaza at 8766 S. Maryland Parkway, Suite 101. Chris Connell and Grant Traub, SIOR, of Colliers International represented the lessor, Highland and Sterling LLC.
• A lease to Dr. John P. Moody III Noble Chiropractic. The 1,235-square-foot retail property is in Horizon Pointe at 2654 W. Horizon Ridge Parkway Suite B-1 in Henderson. David Grant of Colliers International represented the lessor, Villa La Paloma.
• Westcoast Tradeshow Services Inc. renewed a lease of 66,772 square feet of industrial space in Northpoint Business Center at 3101 N. Lamb Blvd. Garrett Toft, SIOR, of CBRE represented the landlord.
• A lease to Genuine Parts Co. The approximately 19,033-square-foot industrial property is in Nellis Industrial Park at 4510 & 4514 Mitchell St. Dan Doherty, SIOR; Paul Sweetland, SIOR; Chris Lane, CCIM; and Jerry Doty of Colliers International represented the lessor, ICON PAC Nevada Owner Pool 3 Nevada.
• A lease to VF Logistics. The 4,008-square-foot industrial property is in Civic Center Corporate Park at 3884 Civic Center Drive in North Las Vegas. Dan Doherty, SIOR; Paul Sweetland, SIOR; Chris Lane, CCIM; and Jerry Doty of Colliers International represented the lessor, MCA Civic Center II LLC.
• A lease to Nichuba LLC dba Thai Spoon. The 3,175-square-foot retail property is in Centennial Square at 6410-6646 North Durango Drive, Suite 130-140. Steven Haynes of Colliers International represented both the lessee and the lessor, Weightman Holdings LLC.
• A lease to Word & Brown. The 2,131-square-foot office property is in City Center West at 7201 W. Lake Mead Blvd. Patti Dillon, SIOR; Taber Thill, SIOR; and Logan Etherington of Colliers International represented the lessor, 7201 West Lake Mead LLC.
