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DEAL WATCH: Development built with post-COVID-19 solutions

UNCOMMONS TO BE BUILT WITH POST-COVID-19 SOLUTIONS

UnCommons, Matter Real Estate Group’s much-anticipated mixed-use development at Interstate 215 and Durango Drive in southwest Las Vegas, will be the first in Nevada to be built with rigorous, science-based criteria set by the International WELL Building Institute.

Construction is now underway on the $400 million, 40-acre project which, upon completion of the first phase in early 2022, will introduce the next generation of office, residential and lifestyle space built for the challenges of an ever-changing world.

At the onset of the pandemic, Matter re-engaged Gensler, the world-renowned architectural firm behind UnCommons, for a redesign integrating health and safety features set by the WELL Building Standard. They include near hospital-quality HVAC systems, operable windows and patios, touch-free access, abundant natural daylight and interior finishes made with materials to limit the spread of bacteria. WELL Certification is the highest third-party endorsement of a building’s performance and the health of its occupants.

“We recognized with COVID-19 that a fundamental shift was taking place, which will render many office structures as unsafe and therefore obsolete practically overnight. Modifying existing buildings with needed changes to keep occupants safe is cost prohibitive, making new construction the default winner,” said Jim Stuart, Matter Real Estate Group partner. “With the adjustments we made to our building systems plus additional design attributes, we believe we have unlocked the answer for employee safety that will serve as the preferred model moving forward. We are hopeful that when complete, the intention and thoughtfulness that inspired our work at UnCommons will deliver great design, as well as respond to the needs of our community.”

The redesign spans the UnCommons community, a stylized urban campus that will be comprised of 500,000-plus square feet of modern office space with market-leading design and technology, 830-plus residential units, a venue that blends music and movies, a beer garden, trendsetting restaurants and cafes that follow the good food movement, health and fitness studios, a multipurpose conference center, a pedestrian trail and public art. The project’s recently announced Platform One, a food hall showcasing the best of the local food scene, has been redesigned to introduce an innovative touchless food pickup mechanism for carry-out or delivery, as well as infrastructure to integrate health and safety.

Additionally, the redesign vastly enhances the amount of sheltered outdoor seating.

UnCommons also is pursuing certification by Green Globes, a nationally recognized green rating assessment, guidance and certification program. The revolutionary program recognizes sustainability goals for new construction projects, existing buildings and interiors to encourage improved environmental and health performance while reducing environmental impacts.

DAPPER COS. PURCHASES LAND

Dapper Cos., headed by local real estate developer J. Dapper, has purchased land in the southwest valley at Rainbow Boulevard and Richmar Avenue, in addition to land in Sandy Valley. The company also purchased the Airport Center on Paradise Road, just north of the airport.

The Sandy Valley location is 1.88 acres and will be home to a Family Dollar, which is anticipated to open in 2021. At Rainbow and Richmar, the 1.74-acre site will feature restaurant and retail.

Dapper’s most recent purchase is the Airport Center at 5030 Paradise Road. The complex includes four commercial buildings totaling 57,000 square feet and sits on 2.76 acres. Work will begin late 2020 on an exterior refresh and landscape upgrades. Additional details on the property will be announced later in the year.

In July, the company broke ground at The Herbert, the 7,790-square-foot former Western Cab building at 801 S. Main St. in Downtown Las Vegas. The office, retail and dining complex will include an upper-level space with its own private patio. The ground floor will be home to the fourth local expansion for The Great Greek Mediterranean Grill.

The Mahoney’s Retail Center is on the southwest corner of Maryland Parkway and Bonneville Avenue. Construction began earlier this month and will include a complete interior and exterior renovation. Mazzoa Donuts has signed a lease one of the three suites at the property. Mazzoa will use the space as a commercial kitchen to support their busy locations on Blue Diamond Road and Dee’s Donuts on North Durango. Mazzoa’s space is expected to also include a grab ‘n go counter for consumers.

COMPLETED SALES TRANSACTIONS

Kevin Higgins, SIOR, CBRE Inc. represented the seller in the sale of a 322,560-square-foot industrial building at 4800 E. Tropical Parkway to MMB Management LLC for $45,677,000.

• The sale of Wells Park Apartments was completed on Aug. 11. The two freestanding multifamily buildings totaling 5,000 square feet is at 401 E. Merlayne Drive in Henderson. The total value of the transaction was $617,500. Roy Fritz, CCIM, and Dylan Heroy of Sun Commercial Real Estate Inc. represented the seller, Dean and Traci Dilullo.

• The sale of an office investment was completed on July 27. The 4,928-square-foot property is at1640 E. Sahara Ave. The total value of the transaction was $495,000. Michael Brazill of Sun Commercial Real Estate Inc. represented the buyer, Mike Shim.

• A sale to Paul and Lori Scrima. The approximately 1.25 acres of land near Decatur Boulevard along W. Agate Avenue (APN: 177-19-105-003). The transaction value was $246,000. Steven Haynes of Colliers International represented the seller, Robert and Kathleen Gomes.

COMPLETED LEASE TRANSACTIONS

• FedEx Ground Package System Inc. leased approximately 632,324 square feet of industrial space in Prologis I-15 Speedway Logistics Center t 5265 N. Sloan Lane. Garrett Toft, SIOR, CBRE, represented the landlord.

• Smally and Co. renewed their lease of approximately 12,374 square feet of industrial space in Valley View Industrial Center at 5295 Procyon St. Garrett Toft, SIOR, CBRE, represented the tenant.

• UCI Construction Inc. leased approximately 5,605 square feet of industrial space in Pacific Business Center at 1125 American Pacific Drive. Jake Higgins of CBRE represented the landlord.

• Shop Your Own Corp leased approximately 4,911 square feet of industrial space in Hughes Airport Center at 815 Pilot Road. Jake Higgins of CBRE represented the landlord.

Blacksford, LLC leased approximately 4,672 square feet of industrial space in Hughes Airport Center at 500 Pilot Road. Jake Higgins of CBRE represented the landlord.

• A lease to Hudson Group Retail LLC a Delaware limited liability company. The approximately 27,080-square-foot industrial property is at 3494 E. Sunset Road, Suite 130. Dean Willmore, SIOR; Alex Stanisic; Mike Willmore; Lauren Willmore; Chris Connell, SIOR; and Grant Traub, SIOR, of Colliers International represented the lessor, 3494 Sunset Road LLC, a Delaware limited liability company.

• A lease to Big Grizzly Cannabinoids Corp. The approximately 20,038-square-foot industrial property is in Stadium Industrial Park at 5959 Valley View Blvd. Lauren and Dean Willmore, SIOR, of Colliers International represented the lessor, GC Properties LLC.

• A lease to 24/7 Indoor MotorCoach Storage LTD. The approximately 20,024-square-foot industrial property is in Stadium Industrial Park at 3911 W. Oquendo Road. Dean Willmore, SIOR; Mike and Lauren Willmore; and Alex Stanisic of Colliers International represented the lessor, FJM Valley View Associates LLC.

• A lease to Hyperloop Technologies Inc. The approximately 13,330-square-foot industrial property is in Craig Distribution Center II at 4320 N. Lamb Blvd., Suite 400. Dan Doherty, SIOR; Paul Sweetland, SIOR; Chris Lane, SIOR, CCIM; and Jerry Doty of Colliers International represented the lessor, CDC RRV LLC.

• A lease to United Site Services of Nevada Inc. The approximately 10,000-square-foot industrial property is at 4760 Cecile Ave. Dean Willmore, SIOR; Pat Marsh, SIOR; Mike Willmore; Sam Newman; Alex Stanisic; and Lauren Willmore of Colliers International represented the lessor, Tower Ventures CRE LLC.

• A lease to Real Water Inc. The approximately 9,033-square-foot industrial property is at 1180 Center Point Drive, Suites 145/150/200 in Henderson. Dean Willmore, SIOR; Alex Stanisic; Mike Willmore; Stacy Shapiro, CCIM; and Lauren Willmore of Colliers International represented the lessor, Joel Silverman.

• A lease to Dani Marie Hord LLC DBA Werito Sales. The approximately 5,873-square-foot industrial property is in Walnut Business Park at 3060 N. Walnut Road, Suite 170. Dan Doherty, SIOR; Paul Sweetland, SIOR; Chris Lane, SIOR, CCIM; Jerry Doty; Gabe Telles; Ryan Hendershot; and Chase Pavlov of Colliers International represented the lessor, CRP III Walnut LV LLC.

• A lease to Accelerated Enterprises Inc. The approximately 5,600-square-foot industrial property is in Patrick Airport Center at 2710 E. Patrick Lane, Suites 5-6. Dean Willmore, SIOR; Alex Stanisic; Mike and Lauren Willmore; and Stacy Shapiro, CCIM of Colliers International represented the lessor, BKM MAC 228 LLC. Alex Stanisic of Colliers International represented the lessee.

• A lease to Hero Finishes Co. The approximately 5,410-square-foot industrial property is in Matter Park @ West Henderson at 1371 Executive Airport Drive, Suite 160 and 170 in Henderson. Dan Doherty, SIOR; Paul Sweetland, SIOR; Chris Lane, SIOR, CCIM; and Jerry Doty of Colliers International represented the lessor, Matter Park @ West Henderson LLC.

• A lease to Food Pro Distributing Inc. The approximately 4,800-square-foot industrial property is in Arrowhead Commerce Center (Bldg. 7) at 6295 S. Pearl St., Suite 1100. Spencer Pinter; Dan Doherty, SIOR; Paul Sweetland, SIOR; Chris Lane, SIOR, CCIM; and Jerry Doty of Colliers International represented the lessor, KTR LV IV LLC.

• A lease to Just For Show Inc. The approximately 4,800-square-foot industrial property is in Arroyo North Business Center (Phase I) at 6555 S. Tenaya Way, Suite 700. Spencer Pinter of Colliers International represented the lessor, EJM Arroyo North I Property LLC.

•A lease to Z Pet Hotels LLC. The approximately 4,154-square-foot industrial property is in Hacienda Crossing at 5275 S. Arville St., Suite 112. Lauren, Mike and Dean Willmore, SIOR; Alex Stanisic; and Stacy Shapiro, CCIM, Colliers International represented the lessor, FJM Vegas Holdings LLC.

• A lease to Burda Enterprises Inc. The approximately 2,800-square-foot industrial property is in Patrick Airport Center at 2700 E. Patrick Lane, Suite 18. Dean Willmore, SIOR; Alex Stanisic; Mike and Lauren Willmore; and Stacy Shapiro, CCIM, Colliers International represented the lessor, BKM MAC 228 LLC.

• The lease with Baskin Robins was completed on Feb. 20. The 1,478-square-foot retail space is at 9770 S. Maryland Parkway, Suite 1. The total value of the transaction was $474,349.32. Eric Rogosch and Jason Park of Sun Commercial Real Estate, Inc. represented the tenant.

The lease with Geo Reentry Services LLC was completed on March 1. The 5,921-square-foot office space is at 2725 E. Desert Inn Road, Suite 150. The total value of the transaction was $365,382.80. Pete Janemark, CCIM, Sun Commercial Real Estate Inc. represented the landlord, 2625 GV, LLC.

• The lease with Settle Down ABA Inc. was completed on July 8. The 3,841-square-foot office space is at 5765 S. Rainbow Blvd., Suite 110-111. The total value of the transaction was $249,271. Pete Janemark, CCIM, Sun Commercial Real Estate Inc. represented the landlord, Ungar Investments LP.

• The lease with Vinson and Ramona Clary was completed on June 19. The 2,145-square-foot office space is at 4325 N. Rancho Drive, Suite 160. The total value of the transaction was $130,438. Lisa Hauger and Timothy Erickson of Sun Commercial Real Estate Inc. represented the landlord, Deichler Exempt Lifetime Trust.

• MJR Marketing, LLC leased approximately 6,291 square feet of industrial space in Silverado Business Park at 4114 N. Pecos Road. Sean Zaher of CBRE represented the landlord.

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