MILTSON CONSULTING SELLS OFFICE CONDOS IN DOWNTOWN
Miltson Consulting is offering office condos for sale at The Office, a two-story, newly remodeled building on Las Vegas Boulevard and Gass Avenue in downtown Las Vegas.
Featuring classic architecture, the 40,000-square-foot building is within walking distance of Southern Nevada’s local, state and federal courthouses and other government buildings. Office suites range from 2,300 square feet to 40,000 square feet, with ample free surface parking available. The historic building that now houses The Office was built in 1963. It was originally developed for Nevada National Bank. Before being renovated, its last tenant was the city of Las Vegas Development Services, which occupied the entire building for more than a decade.
Michael Young from IREPLV, LLC, oversees marketing, sales and leasing efforts for The Office, which is easily accessible from both U.S. 95 and Interstate 15. Young stated the suites are in shell condition and ready for interior improvements. Buyers will work with an architect and contractor, creating their own custom-designed office space.
Miltson Consulting is a real estate development company and asset manager based in LasVegas and focusing on retail, office and industrial projects. The company is owned by Jonathan Schwartz, who has a background as an attorney and is a third-generation real estate developer. His approach stems from his late father, Milton Schwartz, a well-known and successful business leader and serial entrepreneur.
HENDERSON INDUSTRIAL PROPERTY SELLS FOR $35 M
CBRE has completed the $35 million sale of 501 Parkson and 740 Cape Horn, two freestanding industrial warehouses totaling 105,593 square feet in Henderson to a private buyer.
Tyler Ecklund and James Griffis with CBRE’s Las Vegas office represented the seller, Unilev Capital, a California-based real estate investment company, and their investment partner, Palladius Capital Management via a separately managed account. Unilev’s investment team is led by Raymond Levy, Ian Konowitch and Peter Berges.
Situated on 17.78 acres of paved secure yard, the facilities were built in 2007 and have been fully leased since by Ferguson Enterprises and Ferguson Waterworks, which operate separately while sharing the yard space. 501 Parkson is 89,900 square feet and features 17 dock doors and a 26-foot clear height. 740 Cape Horn is 15,693 square feet and features one dock door and a 26’-foot clear height. Both have open warehouse space, showrooms, office space and separate employee and customer restrooms. The buildings share 175 parking spaces.
The warehouses are less than one mile of the US 95/Interstate 515 Interchange via Parkson Road or North Gibson Road to West Sunset Road, making it an ideal location for distribution, customers and employees commuting.
COMPLETED SALE TRANSACTIONS
• The sale of an Industrial building to Macey Investment Corp, comprised of 86,070 square feet, located at 5795 Rogers St. The total value of the transaction was $19,250,000. Cathy Jones, Paul Miachika, Karim Chatoor, and Blaze Katz, of Sun Commercial Real Estate, Inc., represented the seller, Blue Oval Properties, Inc.
• Kevin Higgins, SIOR, of CBRE, Inc. represented the seller and buyer in the sale/purchase of 12.50 acres of industrial land located at Rainbow Boulevard and Richmar Avenue to EBS Realty Partners, LLC for $10,077,054.
• A sale to FGM Fund, LLC. The 12,000-square-foot industrial building is located at 3711 Regulus Ave. The transaction value was $3,120,000. Greg Pancirov, SIOR, and Paul Hoyt, SIOR, of RealComm Advisors represented the seller, SWE Enterprises, LLC.
• A sale to Javier Livia and Reina Gutierrez. The 5,500-square-foot industrial property is located at 2910 Brookspark Drive in North Las Vegas. The transaction value was $1,500,000. Greg Pancirov, SIOR, and Paul Hoyt, SIOR, of RealComm Advisors represented the seller, Joe Arbour.
• The sale of land to Phuong Mai, comprised of 1 acre, located at 1751 E. Basin Ave. in Pahrump. The total value of the transaction was $85,000. Pete Janemark of Sun Commercial Real Estate, Inc., represented the seller, Sahara Mohawk, LLC.
COMPLETED LEASE TRANSACTIONS
• Discovery Church of the Assemblies of God renewed their lease of approximately 5,410 square feet of industrial space in Craig Losee Business Park located at 4310 Losee Road. Jake Higgins, SIOR, of CBRE, represented the landlord.
• A lease renewal/expansion to United Parcel Service, Inc. The 247,125-square-foot industrial property is located in Lone Mountain Corporate Center at 2855 E. Lone Mountain Road in North Las Vegas. Mike De Lew, SIOR, and Paul Hoyt, SIOR, of RealComm Advisors represented the tenant.
• A sublease to Synthetic Turf Resources Corp. The 60,188-square-foot industrial property is located in The Arroyo North II Business Center at 6625 Arroyo Springs St., Suite 100-110. Greg Pancirov, SIOR, and Paul Hoyt, SIOR, of RealComm Advisors represented the tenant.
• A lease to Southland Industries. The 43,920-square-foot industrial property is located in Cameron Business Park at 4765 Cameron St. Greg Pancirov, SIOR, and Paul Hoyt, SIOR, of RealComm Advisors represented the tenant.
• A lease to Apple Rock Advertising & Promotion, Inc. The 38,880-square-foot industrial property is located in Mosaic Commerce Center at 5675 E. North Belt Road, Suite 100-120 in North Las Vegas. Mike De Lew, SIOR, and Paul Hoyt, SIOR, of RealComm Advisors represented the landlord, Mosaic Commerce Center, LLC.
• A lease renewal to Closeouts Surplus & Salvage, Inc. The 16,850-square-foot industrial property is located in Suncrest Commerce Center at 1051 Mary Crest Road, Suite I in Henderson. Greg Pancirov, SIOR, and Paul Hoyt, SIOR, of RealComm Advisors represented the landlord, Adin Realty (Henderson Distribution Center North NV), LP.
• A lease renewal to CO2 Monitoring, LLC. The 13,286-square-foot industrial property is located in Brookhollow Cameron East Business Park at 4310 Cameron St., Suite 6-8. Elizabeth Moore and Jennifer Levine, CCIM, of RealComm Advisors represented the landlord, Cameron Industrial Park, LLC.
• A lease to CNC Waterjet, LLC. The 12,480-square-foot industrial property is located in Mosaic Commerce Center at 5725 E. North Belt Road, Suite 120-130 in North Las Vegas. Mike De Lew, SIOR, and Paul Hoyt, SIOR, of RealComm Advisors represented the landlord, Mosaic Commerce Center, LLC.
• A lease to Impact Sign & Graphics of Nevada, LLC. The 11,028-square-foot industrial property is located in Paradise Airport Center at 6770 Paradise Road. Greg Pancirov, SIOR, and Paul Hoyt, SIOR, of RealComm Advisors represented the landlord, Schnitzer Properties-Nevada, LLC.
• A lease to Wilsch Incorporated d/b/a/ Soccer Post. The 10,075-square-foot industrial property is located in Speedway Commerce Center at 6895 Speedway Blvd., Suite Z-104. Greg Pancirov, SIOR, and Paul Hoyt, SIOR, of RealComm Advisors represented the tenant.
• A lease to Turf Envy, LLC. The 9,144-square-foot industrial property is located in Warm Springs Business Center at 7220 Dean Martin Drive, Suite 600. Paul Hoyt, SIOR, and Mike De Lew, SIOR, of RealComm Advisors represented the tenant.
• A lease expansion to Ultimate Ammunition, LLC. The 7,288-square-foot industrial property is located at 4730 W. Post Road, Suite 155. Kimberly Noack-Summers and Travis and Warren Noack of RealComm Advisors represented the landlord, James Sullivan Revocable Trust.
• A lease expansion to Uncle’s Ice Cream. The 5,891-square-foot industrial property is located in Walnut Business Park at 3020 N. Walnut Road, Suite 130-140. Jennifer Levine, CCIM, and Elizabeth Moore of RealComm Advisors represented the tenant.
• A lease to Silva Entertainment Services, LLC. The 5,865-square-foot industrial property is located in Arroyo North II Business Center at 7575 W. Sunset Road, Suite 140. Paul Hoyt, SIOR, and Greg Pancirov, SIOR, of RealComm Advisors represented the tenant.
• A sublease to Smartstage, Ltd. The 5,544-square-foot industrial property is located in Cheyenne Commerce Center at 580 W. Cheyenne Ave., Suite 90 in North Las Vegas. Paul Hoyt, SIOR, and Greg Pancirov, SIOR, of RealComm Advisors represented the sublandlord, Boutique 115, LLC.
• A lease to The Walman Optical Co. The 4,169-square-foot industrial property is located in Russell Commerce Center at 5740 S. Arville St., Suite 205-206. Greg Pancirov, SIOR, and Paul Hoyt, SIOR, of RealComm Advisors represented the landlord, BRI LV1, LLC.
• A lease renewal to Atkinson Watkins & Hoffmann, LLP. The 3,469-square-foot office property is located in Brookhollow Eastern Plaza at 8540 S. Eastern Ave., Suite 200. Bob Hawkins of RealComm Advisors represented the landlord, Brookhollow Eastern Plaza, LLC.
• A lease to Maternal Minds Counseling, LLC. The 2,437-square-foot office property is located in Spectrum Office Plaza at 2445 Fire Mesa St., Suite 190. Bob Hawkins of RealComm Advisors represented the landlord, Anderson & Puryear Pistachio, LLP.
• A lease to Felix and Angel Fragoso. The 2,022-square-foot industrial property is located in Patrick Commerce Center at 6151 McLeod Drive, Suite E. Elizabeth Moore and Jennifer Levine, CCIM, of RealComm Advisors represented the landlord, Schnitzer Properties, LLC.
• A lease to Joseph Tomanovich d/b/a/ American Income Life: AO. The 1,996-square-foot office property is located in Canyon Plaza at 7945 W. Sahara Ave,, Suite 203 & 204. Bob Hawkins of RealComm Advisors represented the landlord, Winner Properties, LLC.
• A sublease to Global Response, LLC. The 1,952-square-foot industrial property is located in The Palms at Green Valley Business Park at 8 Sunset Way, Suite 105 in Henderson. Elizabeth Moore and Jennifer Levine, CCIM, of RealComm Advisors represented the sublandlord, Bruin Painting & Drywall, LLC.
• A lease renewal to US Michael Grossa, Inc. The 1,650-square-foot office property is located in Spectrum Office Plaza at 2445 Fire Mesa St., Suite 100. Bob Hawkins of RealComm Advisors represented the landlord, Anderson & Puryear Pistachio, LLP.
• A lease renewal to Tank Supply Corp. The 1,640-square-foot industrial property is located in Am Pac Industrial Park at 911 American Pacific Drive, Suite 120 in Henderson. Elizabeth Moore and Jennifer Levine, CCIM, of RealComm Advisors represented the landlord, Nicola Ampac I & II, LP.
• A lease to Mailo Kaylaa Branter d/b/a NuCanvas Aesthetic & Wellness Center. The 1,450-square-foot office property is located in Horizon Ridge Professional Center at 2298 W. Horizon Ridge Parkway, Suite 209 in Henderson. Bob Hawkins of RealComm Advisors represented the landlord, Horizon Ridge Professional Center, LLC.
• A lease to Westmill Restaurants, LLC. The 882-square-foot office property is located in Beltway Corporate Center at 8985 S. Eastern Ave., Suite 360. Bob Hawkins of RealComm Advisors represented the landlord, 8985 Eastern, LLC.
• InProduction, Inc. leased an approximately 102,168 square feet of industrial building in Lincoln Commerce Center located at 2970 Lincoln Road. Sean Zaher of CBRE represented the landlord.
• Crow Enterprizes, Inc. renewed their lease of approximately 6,370 square feet of industrial space in Silverado Business Park located at 4114 N. Pecos Road. Sean Zaher of CBRE represented the landlord.
• Spector & Co. US, LP leased approximately 91,591 square feet of industrial space in CapRock Tropical Logistics II located at 6185 N. Beesley Drive. Jake Higgins of CBRE represented the tenant.
• Desert Portable Storage, LLC leased approximately 146,318 square feet of industrial space in Silver State Commerce Center located at 4030 N. 5th St. Sean Zaher of CBRE represented the landlord.
• DRZ, LLC leased approximately 37,622 square feet of industrial space in Tropical Speedway Commerce Center II located at 6050 E. Tropical Parkway. Sean Zaher of CBRE represented the tenant.
• Garcia Contracting, LLC leased approximately 6,022 square feet of industrial space in Silverado Business Park located at 4168 N. Pecos Road. Sean Zaher of CBRE represented the landlord.
• The lease of an office space to Cloud 9 Studio Salon, LLC 2, comprised of 1,326 square feet, located at 6600 W. Charleston Blvd Suite 110. The total value of the transaction was $70,227.60. Pete Janemark of Sun Commercial Real Estate, Inc., represented the landlord, 6600 W. Charleston, LLC.
