HENDERSON APARTMENT COMPLEX SELLS FOR $60.68M
Berkadia has announced the sale of The Edge at Traverse Point, a garden-style multifamily property in Henderson. Managing Director Brian Anderson and Associate Director Jared Glover of Berkadia’s Las Vegas office completed the $60.68 million sale on behalf of the seller, California-based Bascom Group. The buyer was New York-based, and the deal closed June 6.
The Edge at Traverse Point at 1131 Wigwam Parkway affords access to Bruce Woodbury Beltway, Reunion Trails Park, Railroad Lake and the shops and restaurants along Wigwam Parkway. The 296-unit property features one-, two- and three-bedroom floor plans with walk-in closets, private balconies, stainless steel appliances and granite surfaces. Community amenities include two pools and covered parking.
THE LENNOX APARTMENT SELLS FOR $20.6M
Berkadia has announced the $20.6 million sale of The Lennox, a garden-style multifamily property. Managing Director Brian Anderson and Associate Director Jared Glover of Berkadia’s Las Vegas office, along with Managing Director Vincent Norris and Associate Director Eric Norris of Berkadia’s Los Angeles office together completed the sale on behalf of the property’s seller, Nevada-based WGH Partners and their equity partner FECR. Benjy Garfinkle of WGH Partners also acted on behalf of both WGH Partners and FECR. The buyer was California-based Interwest Capital Corp., and the deal closed May 24. The Lennox is at 430 E. Cactus Ave.
“The new owner plans to upgrade the amenity package through expansive upgrades to the pool and common areas. Through this, the Lennox can now compete with other new luxury apartments, while maintaining the boutique feel of the property,” said Anderson. “The property is reminiscent of higher-end luxury in West Los Angeles, which will be attractive to tenants looking for and familiar with that lifestyle.”
COMPLETED SALES TRANSACTIONS
• A sale to Black Creek Group. The 208,076-square-foot industrial property is in Eldorado Business Park at 7445-7485 S. Dean Martin Drive. The transaction value was $34,313,575. Dean Willmore, SIOR; Alex Stanisic; and Mike Willmore of Colliers International represented the seller, Stockbridge Capital Group.
• Cannery Corner, a Class A shopping center at 2520-2760 E. Craig Road in North Las Vegas, has sold for $22,000,000, or $495 per square foot. Logic Commercial Real Estate had the exclusive listing to market the property, which included Jeff and Mica Berg, Sean Margulis, Brendan Keating and Tonya Gottesman. Cannery Corner consists of seven properties totaling 44,465 square feet. The shopping center is anchored by Lowe’s (NAP) and Sam’s Club (NAP) and was constructed in 2008/2009. At the time of sale, the property was 93 percent occupied.
• The sale of a retail building was completed May 6. The 49,236-square-foot property is at 724 S. Boulder Highway in Henderson. The total value of the transaction was $2,595,000.00. Paul and Wil Chaffee and John Kirtley of Sun Commercial Real Estate Inc. represented the seller, Alta Holdings LLC and ROI Commercial represented the buyer, Bowin Associates LLC.
• A sale to IQ technologies LLC. The approximately 6,681-square-foot industrial property is located in Post Industrial Park at 4731 W. Post Road. The transaction value was $1,280,000. Brian Riffel, SIOR, and Tyler Jones of Colliers International represented the seller, Post Industrial Park LLC.
• A sale to NorthPoint Development LLC. The 2.86-acre land property is at 3340 N. Rainbow Blvd. (APN: 138-11-4701-001). The transaction value was $885,000. Steven Haynes of Colliers International represented the seller, Omni Family Ltd Partnership.
• A sale to PJA LLC. The 2.18-acre land parcel is at 2670 Betty Lane. The transaction value was $625,000. Dean Willmore, SIOR; Alex Stanisic; and Mike Willmore of Colliers International represented the seller, John Heckman & BL 2670 Trust.
• A sale to Diamond Stephanie LLC. The 1.66-acre land parcel is at Stephanie Street and Hacienda Avenue (APN: 161-27-301-001) in Henderson. The transaction value was $370,000. Steven Haynes of Colliers International represented the seller, Stephanie & Hacienda LLC.
COMPLETED LEASE TRANSACTIONS
• Lux Beauty Supplies Craig LLC dba Lux Beauty Supplies leased 5,617 square feet of retail space at 775 W. Craig Road, Ste 154-160, from Craig Promenade, LLC. Total consideration was $644,551. Managing Director Michael Zobrist and Executive Managing Director Nelson Tressler of Newmark Knight Frank represented the lessor in the transaction.
• Mike Hillyer and Diversified Holdings LLC dba Tan Republic leased 2,400 square feet of retail space at 467 E. Silverado Ranch Blvd., Ste 190, from Empress Group LLC. Total consideration was $235,836. Managing Director Michael Zobrist and Executive Managing Director Nelson Tressler of Newmark Knight Frank represented the lessor in the transaction.
• VeggiEat Grand Canyon LLC dba VeggiEat Xpress leased 1,272 square feet of retail space at 4195 S. Grand Canyon Drive, Ste 104, from Grand Canyon Center LP. Total consideration was $190,495. Managing Director Michael Zobrist and Executive Managing Director Nelson Tressler of Newmark Knight Frank represented the lessor in the transaction.
• A ground lease to Dutch Bros Coffee. The 21,780-square-foot retail property/parcel is in Decatur Meadows Shopping Center near 310 S. Decatur Blvd. Scot Marker of Colliers International represented the lessor, Red Development.
• A lease to Blue Heron Cos. LLC. The 16,440-square-foot office property is in Southwest Corporate Campus at 7900 W. Sunset Road, Suite 501. Susan Borst, SIOR, CCIM; Patti Dillon, SIOR; and Taber Thill, SIOR, of Colliers International represented the lessor, Southwest Corporate Campus LLC (Panattoni Development).
• A lease to Tri-West Ltd. The 11,450-square-foot industrial property is in Arroyo South Business Center (Phase I) at 7020 W. Warm Springs Road, Suite 120 and 130. Spencer Pinter of Colliers International represented the lessor, EJM Arroyo South I Property LLC.
• A lease to Stevens Equipment Supply LLC. The approximately 11,000-square-foot industrial property is in Arrowhead Commerce Center (Bldg. 6) at 6275 S. Pearl St., Suite 1000 and 1100. Spencer Pinter; Dan Doherty, SIOR; Paul Sweetland, SIOR;Chris Lane, CCIM; and Jerry Doty of Colliers International represented the lessor, KTR LV IV LLC.
• A lease to Leader One Financial Corp. The 7,589-square-foot office property is in Green Valley Corporate Center at 701 N. Green Valley Parkway, Suite 100 in Henderson. Stacy Scheer, CCIM, of Colliers International represented the lessee.
• A lease to ConAm Management Corp. The 4,333-square-foot office property is in Airport Corporate Center at 376 E. Warm Springs Road, Suite 260. Chris Connell and Grant Traub, SIOR, of Colliers International represented the lessor, Airport CC LLC.
• A lease to Superior Home Design Inc. The 4,330-square-foot industrial property is in Valley View Corporate Center (Phase IV) at 6185 S. Valley View Blvd., Suite G. Spencer Pinter of Colliers International represented the lessor, Valley View LLC.
• A lease renewal to KIM CHEN PLLC. The 3,178-square-foot medical office property is in Durango Medical Center at 8530 W. Sunset Road, Suite 230. Stacy Scheer, CCIM, of Colliers International represented the lessee.
• A lease to Counter Fitters LLC. The 2,866-square-foot retail property is in Patrick Airport Center at 6045 Harrison Drive, Suite 2. Dean Willmore, SIOR; Alex Stanisic; and Mike Willmore of Colliers International represented the lessor, BKM MAC 228 LLC.
• A lease to Cole Kepro International LLC. The 104,880-square-foot industrial property is at 4170 Distribution Circle. 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 LLC.
•A lease to EG3 Technologies LLC. The 5,625-square-foot industrial property is at 980 American Pacific Drive, Suite 104. Dean Willmore, SIOR; Alex Stanisic; and Mike Willmore of Colliers International represented the lessee.
• A lease to Jumperman Party Rentals LLC. The 4,008-square-foot industrial property is in Civic Center Corporate Park at 3870 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 Diabetic Alert Dogs of America LLC. The 3,987-square-foot industrial property is in Hacienda Crossing at 5275 Arville St., Suite 304. Dean Willmore, SIOR, and Alex Stanisic of Colliers International represented the lessor, FJM Vegas Holdings LLC. Mike Willmore of Colliers International represented the lessee.
• A lease to JJD Beauty Salon. The approximately 1,260-square-foot retail property is in Green Valley Town and Country at 2827 N. Green Valley Parkway in Henderson. Scot Marker of Colliers International represented the lessor, Contstanino Noval LLC and Marverde LLC. About Colliers International Group Inc.
• A lease to FTR Systems Inc. The 6,867-square-foot industrial property is in Saddleback Park West Business Center at 6402 Montessouri St. Dan Doherty, SIOR; Paul Sweetland, SIOR; Chris Lane, CCIM; and Jerry Doty of Colliers International represented the lessor, Post LP.
• A lease to Hoffman Southwest Corp. The approximately 6,000-square-foot industrial property is in Spencer Airport Center at 5969 McLeod Drive. Dan Doherty, SIOR; Paul Sweetland, SIOR; Chris Lane, CCIM; and Jerry Doty of Colliers International represented the lessor, Dean & Penny Brunner 1985 Trust.
• A lease to Butch & Speed Shop 2016 L.P. The 5,145-square-foot industrial property is in Pace Commerce Center at 4477 Reno Ave. Dean Willmore, SIOR; Mike Willmore; and Alex Stanisic of Colliers International represented the lessor, FJM Vegas Holdings LLC. Suzette LaGrange, CCIM, and Kara Walker, CCIM, of Colliers International represented the lessee.
• A lease to Dollar Loan Center LLC. The 2,470-square-foot retail property is in Horizon Pointe at 2654 W. Horizon Ridge Parkway, B-3, in Henderson. David A. Grant of Colliers International represented the lessor, Villa La Paloma LLC.
• A lease to The Lunch Crew Catering Inc. The approximately 1,200-square-foot retail property is in Horizon Pointe at 2642 W. Horizon Ridge Parkway, No. A-2 in Henderson. David A.Grant of Colliers International represented the lessor, Villa La Paloma LLC.
• The lease with Duralum Products Inc. was completed on May 30. The 24,142-square-foot industrial space is at 2815 W. Capovilla Ave., Suite 130. The total value of the transaction was $2,019,440.24. Lisa Hauger and Timothy Erickson of Sun Commercial Real Estate Inc. represented the tenant, Duralum Products Inc. and CBRE represented the landlord, Prologis, LP.
• The lease with MD’s Catering Co. was completed on May 1. The 1,488-square-foot retail space is at 342 S. Decatur Blvd. The total value of the transaction was $127,808.00. Paul and Wil Chaffee and John Kirtley of Sun Commercial Real Estate Inc. represented the landlord, Decatur Meadows Shopping Center LLC.
• The lease with Caribbean Breeze LLC was completed on May 1. The 1,710-square-foot retail space is at 5725 E. Tropicana Ave., Suite 104. The total value of the transaction was $119,355.13. Ofir Ben-Moshe and Adam Drake of Sun Commercial Real Estate Inc. represented the landlord, 3RPM4 LLC.
• The lease with School Payroll Services LLC was completed on May 1. The 1,229-square-foot office space is at 2625 N. Green Valley Parkway, Suite 215, in Henderson. The total value of the transaction was $63,818.43. Pete Janemark, CCIM, of Sun Commercial Real Estate Inc. represented the landlord, 2625 GV, LLC.
• TireHub LLC leased 31,834 square feet of industrial space in Northern Beltway Industrial Center at 5406 E. El Campo Grande Ave. Jake Higgins of CBRE represented the landlord.