COMPLETED SALE TRANSACTIONS
• A sale to RW Apache LLC. The 50,746-square-foot mixed use development, the Fort Apache Commons, is at 1215-1225 S. Fort Apache Road. The transaction value was $21.1 million. David A. Grant; Grant Traub, SIOR; and Chris Connell of Colliers International represented the seller, LJT Properties I L.P. Mike Mixer, SIOR, of Colliers International represented the buyer.
• Virtus Commercial has announced the sale of The Pines Corporate Center for a total transaction value of $12.75 million. Located on the corner of Charleston Boulevard and Tenaya Way, the Pines Corporate Center consists of 18 single-story multitenant office buildings, totaling more than 101,000 square feet. The property was constructed in 2000 and 2002 and spans more than 9 acres. Chris Emanuel, Virtus Commercial, represented the buyer, The Pines Office Park LLC, and Charles Moore and Marlene Fujita, CBRE, represented the seller, Pines Office Center LLC.
New ownership plans to rebrand the property as The Pines Office Park and its investment strategy is to buy, hold and invest. Ownership selected Matt Feustel of Virtus Commercial as the leasing agent.
• A sale to CapRock Acquisitions LLC. The 92,223-square-foot industrial property is in Walnut Business Park at 3020 and 3060 N. Walnut Road. The transaction value was $7.85 million. Dan Doherty, SIOR; Paul Sweetland, SIOR; Chris Lane, CCIM; and Jerry Doty of Colliers International represented the seller, MCA Walnut LLC.
• The sale of a former TGIF Restaurant was completed Oct. 7. The 6,700-square-foot retail building is at 4570 W. Sahara Ave. The total value of the transaction was $3.2 million. Michael Brazill and Edward Bassford of Sun Commercial Real Estate Inc. co-represented the seller, Majestic Empire Holdings LLC and Centennial Real Estate represented the buyer, Dunraven LLC.
• Jason Dittenber; Jerad Roberts; Devin Lee, CCIM; and Robin Willett of Northcap Commercial, have announced the sale of the Desert Inn Apartments for $2.7 million ($75,000/unit). This sale consisted of 36 multifamily units built in 1963, at 1075, 1089, 1107, and 1121 E. Desert Inn Road. This transaction closed on Oct. 23. Northcap Multifamily represented the seller, Blue Elephant LLLP.
• Sean Zaher of CBRE Inc. represented the seller in the sale of a 20,020-square-foot industrial building at 2240 Crestline Loop to Daniel J. & Jeralyn J. Thistle Family Trust for $2.35 million.
• Jason Dittenber; Jerad Roberts; Devin Lee, CCIM; and Robin Willett of Northcap Commercial, have announced the recent sale of 2301 Wengert Ave. Apartments for $1.7 million ($85,000/unit). This sale consisted of 20 multifamily units built in 1962. This 17-day transaction closed on Nov. 1. Northcap Commercial represented the sellers on this sale.
• A sale to Gigawatt Holdings LLC. The approximately 6,000-square-foot industrial property is in Matter Business Park @ Warm Springs at 7930 W. Warm Springs Road, Suite 150. The transaction value was $1,014,000. Dan Doherty, SIOR; Paul Sweetland, SIOR; Chris Lane, CCIM; and Jerry Doty of Colliers International represented the seller, Matter Business Park @ Warm Springs.
• The sale of a former TGIF Restaurant was completed Sept. 16. The 6,227-square-foot retail building is at 4330 E. Sunset Road in Henderson. The total value of the transaction was $700,000. Michael Brazill and Edward Bassford of Sun Commercial Real Estate Inc. co-represented the seller, Majestic Empire Holdings LLC, and Michael Brazill of Sun Commercial represented the buyer, JP Papa Inc.
• A sale to Mental Health Counseling and Wellness Center Inc. The 2,535-square-foot office property is in The Office by the Airport at 320 E. Warm Springs Road, Unit 1. The transaction value was $468,975. Chris Connell and Grant Traub, SIOR, of Colliers International represented the seller, Office By Airport LLC.
• The sale of APN 139-01-611-019 was completed Sept. 20. The 0.84-acre parcel is north of the NEC of Craig Road and Donovan Way in North Las Vegas. The total value of the transaction was $460,000. Art Farmanali, SIOR, and Anders Graciano of Sun Commercial Real Estate Inc. represented the seller, Donovan Hospitality LLC, and Roy Fritz, CCIM, and Cathy Jones, CPA, SIOR, CCIM, represented the buyer, MSM Investments LLC.
• A sale to Oasis Painting LLC. The 2,558-square-foot industrial property is in Northpointe Business Center at 4240 Lamb Blvd., Suite 120. The transaction value was $295,000. Alex Stanisic; Dean Willmore, SIOR; and Mike Willmore of Colliers International represented the seller, FJM Northpointe Associates LLC.
COMPLETED LEASE TRANSACTIONS
• LOGIC Commercial Real Estate has announced the execution of a 10-year lease for 24,610 square feet with Step Right Up at Prizm Outlets (formerly Fashion Outlets of Las Vegas) in Primm.
Step Right Up is a family attraction facility to include 3D Trick Art, 3D projection mapping, Illusion mirror rooms, old-fashion carnie games, axe throwing and escape rooms.
Step Right Up is created and powered by the owners of HeadzUp Las Vegas and was established in 2017. It will be joining Prizm’s current tenants including Williams Sonoma, Calvin Klein, H&M and Nike and anticipates a grand opening in December.
Prizm Outlets is also the home to the world’s largest street art installation, Mural Oasis, which is slated for completion by Thanksgiving.
• A lease to H&H Auto Body and Repair LLC. The 5,872-square-foot industrial property is at 3970 N. Las Vegas Blvd. Mike Willmore; Alex Stanisic; and Dean Willmore, SIOR, of Colliers International represented the buyer.
• A lease to MPF1 LLC. The approximately 4,000-square-foot retail property is in The Center At Spring Mountain at 3873-3879 Spring Mountain Road. Steve Neiger, CCIM, of Colliers International represented the lessor, Harsch Investment Properties. Chris Clifford and Brett Rather of Colliers International represented the lessee.
• A lease to Chicago Title Of Nevada. The 3,967-square-foot office property is in City Center West at 7201 W. Lake Mead Blvd., Suite 101. Patti Dillon, SIOR; Taber Thill, SIOR; and Megan McInerney of Colliers International represented the lessor, Odyssey Real Estate Capital.
• A lease to Alexander Dawson. The 3,637-square-foot office property is in Marnell Corporate Center V at 6720 Via Austi Parkway. Patti Dillon, SIOR; Taber Thill, SIOR; and Megan McInerney of Colliers International represented the lessor, TA Realty.
• A lease to Vitamax Patch Wholesaler LLC. The approximately 2,400-square-foot industrial property is in The Center at Spring Mountain at 3850 Vanessa Drive. Alex Stanisic; Mike Willmore; and Dean Willmore, SIOR, of Colliers International represented the lessee.
• A lease to Natural Relief of Las Vegas LLC. The 780-square-foot retail property is in Horizon Pointe at 2642 W. Horizon Ridge Parkway, No. 100 in Henderson. David A. Grant of Colliers International represented the lessor, Villa La Paloma LLC.
• Con-Quip Services LLC leased 6,022 square feet of industrial space in Silverado Business Park at 4168 N. Pecos Road. Sean Zaher of CBRE represented the landlord.
• A lease to Burke Construction LLC. The 5,057-square-foot industrial property is in Spencer Airport Center at 6560 Spencer St. Dan Doherty, SIOR; Paul Sweetland, SIOR; Chris Lane, CCIM; and Jerry Doty of Colliers International represented the lessor, Dean and Penny Brunner 1985 Trust. Paul Sweetland, SIOR, of Colliers International represented the lessee.
• A lease to William J Markowitz. The approximately 5,000-square-foot industrial property is at 4470 E. Cheyenne Ave. in North Las Vegas. Alex Stanisic, Mike Willmore and Dean Willmore, SIOR, of Colliers International represented the lessor, Roberto Bazan Carmona.
• A lease renewal to Dry Tech Restoration Inc. The 3,777-square-foot industrial property is in Pace Commerce Center at 5145 S. Arville St., Suite B. Mike Willmore, Alex Stanisic and Dean Willmore, SIOR, of Colliers International represented the lessor, FJM Vegas Holdings LLC.
• A lease to Ngo & Campana, O.D. The 1,315-square-foot retail property is in Horizon Village Square at 25 E. Horizon Ridge Parkway, No. 100 in Henderson. David A. Grant of Colliers International represented the lessor, Horizon Dorado LLC.
• The lease with Hardcore Fitness was completed Sept. 27. The 7,908-square-foot fitness club is at 3291 N. Jones Blvd. The total value of the transaction was $979,020.11. Michael Brazill and Edward Bassford of Sun Commercial Real Estate Inc. represented the landlord, RDOM LLC and Catalyst Commercial Group represented the tenant.
• The sublease with Atlanta Computer Group was completed Sept. 24. The 12,485-square-foot industrial space is at 3975 W. Post Road. The total value of the transaction was $407,226.99. Lisa Hauger and Timothy Erickson of Sun Commercial Real Estate Inc. represented the sublessor, Duralum Products Inc.
• The lease with Rivera Law Group Prof. LLC was completed Sept. 13. The 2,154-square-foot office space is at 1627 E. Windmill Lane, Suite 200. The total value of the transaction was $213,784.50. Sun Commercial Real Estate Inc. represented the landlord, Haikal Exemption Trust.
• The lease with Playtertainment Inc. was completed Oct. 2. The 6,668-square-foot industrial space is at 3321 Sunrise Ave., Suites 101-104. The total value of the transaction was $160,372.00. Paul and Wil Chaffee of Sun Commercial Real Estate Inc. represented the tenant, and Harsch Investment Properties represented the landlord.
• The lease with Southern Nevada Allergy was completed Sept. 13. The 2,635-square-foot medical office space is at 2821 W. Horizon Ridge Parkway, Suite 100 in Henderson. The total value of the transaction was $120,577.60. Paul and Wil Chaffee of Sun Commercial Real Estate Inc. represented the tenant and IREPLV LLC represented the landlord, 2821 Horizon Ridge Parkway LLC.
• The lease with Infinite Possibilities Behavioral Healthcare LLC was completed Sept. 13. The 1,850 square-foot office space is at 420 S. Jones Blvd. The total value of the transaction was $81,734. Pete Janemark, CCIM, of Sun Commercial Real Estate Inc. represented the tenant, and Commercial Executives Real Estate Services represented the landlord, HB Nevada Holdings LLC.
