MOB MUSEUM ACQUIRES ADJACENT LAND PARCEL
The Mob Museum, the National Museum of Organized Crime and Law Enforcement, announced it has purchased a nearly 30,000-square-foot parcel of land directly to its east. Bordered to the south by Stewart Avenue and to the east/northeast by Fourth Street, the wedge-shaped parcel provides the museum with additional space to build out facilities for administration, exhibitions, archives, educational and entertainment programs and food and beverage facilities.
“The Museum has enjoyed enormous success throughout our 10 years of operation, averaging well over 1,000 visitors a day, and we have remained focused on delivering an incredible guest experience, meaningful exhibits and public programs consistent with our mission,” said Jonathan Ullman, president and chief executive officer, The Mob Museum. “An expansion would enable us to reach a much broader audience by increasing our offerings, community engagement opportunities and contribution to the growth of the public’s understanding of organized crime and law enforcement.”
With this purchase, the museum has made the first step toward its next phase by expanding the footprint of its campus. The acquisition of the new parcel allows it to have greater flexibility in constructing additional facilities, while respecting the integrity of its historic building.
COMPLETED SALES TRANSACTIONS
• A sale to Formula One’s parent company Liberty Media Corp. The groundbreaking sports entertainment site is a 37.54-acre high-profile Las Vegas land development parcel located at the northeast corner of Harmon Avenue and Koval Lane within the Las Vegas Resort Corridor. The transaction amount was $240,000,000. Mike Mixer, SIOR, of Colliers International represented the buyer.
• Kevin Higgins, SIOR, of CBRE Inc. represented the buyer, SCSP3 LLC, in the purchase of 127.73 acres of vacant commercial land at Las Vegas Boulevard and Cactus Avenue for 172,435,500.
• Avison Young announced the Sauter Multifamily Group, comprised of principals Patrick Sauter, Art Carll-Tangora and Steve Nosrat, based in the firm’s Las Vegas office, closed the $40 million sale ($227,272 per unit) of Las Brisas de Cheyenne at 3985 E. Cheyenne Ave. Sauter, Carll-Tangora and Nosrat represented the seller, Epic Investments. The buyer was Tides Equities. Located in Las Vegas’ Sunrise Manor submarket, Las Brisas de Cheyenne consists of 176 apartment units on approximately 9.17 acres along E. Cheyenne Avenue, between Las Vegas Boulevard North and N. Lamb Blvd., east of Interstate 15. Originally constructed in 1999 and renovated in 2020, Las Brisas de Cheyenne is a two-story garden-style apartment community featuring one-, two- and three-bedroom floor plans with an average unit size of 720 square feet.
• CBRE has arranged the $7.9 million sale of a retail portfolio comprising two retail assets totaling 17,940 square feet. Rand & Miner LLC and Tropicana Centre 22, LLC acquired the portfolio from Farmers and Merchants Trust Co. trustee. CBRE’s Roy Fritz, Michael Hsu, Dylan Heroy, Arthur Flores, Mark Latimer, Jay Gomez and James Kaye represented the seller in the transaction.
The portfolio includes Flamingo Jones Plaza, a 10,712-square-foot, six-tenant retail pad located at the intersection of Flamingo Road and Jones Boulevard that is 78 percent leased to Subway, Marco’s Pizza, Robert James Salon, B&T Nails, Rapid Cash and Vacant; Tropicana Centre, a 7,228-square-foot, five-tenant retail pad located near the intersection of Tropicana Avenue and Jones Boulevard that is 100 percent leased to Del Taco, Ethiopian Spice, Planet Vegas Smoke Shop, Trenz Salon and Nail Pro & Training.
• A sale to YSH Inc. The 21,316-square-foot fully leased retail automotive center on 2.41 acres. Trop Decatur Auto Center is at 5035-5075 S. Decatur Blvd. with direct frontage on Decatur Boulevard. The transaction amount was $6,450,000. Al Twainy, CCIM, and Jennifer Lehr, CCIM, of Colliers International represented the seller, WW & JJ Choi LLC.
• A sale to C&M Residential LLC. The 5-acre land parcel is near East Centennial Parkway and North Pecos Road in North Las Vegas. The transaction amount was $4,000,000. CNR Retail: Chris Clifford; Steve Neiger, CCIM; and Brett Rather of Colliers International represented the seller, Charley LLC.
Jerad Roberts; Devin Lee, CCIM; and Robin Willett of Northcap Commercial announced the recent sale of the Mark & Daisy Apartments for $3,800,000 ($135,714/unit). This sale consisted of 28 units built in 1963 located at 3782 University Center Drive, 3791 Daisy St. 740 Mark Ave, 754 Mark Ave and 770 Mark Ave. This off-market transaction closed on June 24. Northcap Commercial represented the buyer, LVMP LLC, on this sale.
• A sale to Defcon Properties LLC. The 11,548-square-foot industrial property is within Stephanie Industrial Park in the East Las Vegas Industrial Market at 5456 Stephanie St. The transaction amount was $2,510,579.53. Eric Molfetta, MBA, and Amanda Irving of Colliers International represented the seller, Two Corners Investments LLC.
• Garrett Toft, SIOR, of CBRE Inc. represented both the seller and the buyer, Tenaya Sunset LLC in the sale and purchase of 2.05 acres of vacant industrial land located at W. Sunset Road, west of Tenaya Way for $2,475,000.
• Kevin Higgins, SIOR, of CBRE Inc. represented the seller in the sale of 4.61 acres of vacant industrial land located at I-15 south of Sloan Road to GKT Acquisitions LLC for $1,350,000.
• A sale to Bismi Series Holdings LLC. The 1.91-acre land parcel with a 1,951-square-foot office building is east of the Interstate 15 and Blue Diamond Road interchange at 165 E. Windmill Lane, with direct frontage on E. Windmill Lane. The transaction amount was $1,125,000. Steven D. Haynes in partnership with the Thill, Dillon & McInerney Office team consisting of Taber Thill, SIOR; Patti Dillon, SIOR; and Megan McInerney of Colliers International represented the seller, Pinpoint Land Holdings LLC.
• Jerad Roberts; Devin Lee, CCIM; and Robin Willett of Northcap Commercial announced the recent sale of the 239 W. New York Ave Apartments for $1,015,000 ($126,875/unit). This sale consisted of eight units built in 1961 at 239 W. New York Ave. This off-market transaction closed on June 21. Northcap Commercial represented the seller, Windrush Properties LLC, on this sale.
• A sale to Lior Yamit Retterath. The 1.05-acre land parcel is located near W. Lone Mountain Road and N. Tioga Way within the Rainbow Valley Estate Lots in the northwest submarket of Las Vegas. The transaction amount was $260,000. Steven D. Haynes of Colliers International represented the seller, Rainbow Valley Estates Inc.
COMPLETED LEASE TRANSACTIONS
• An undisclosed user leased approximately 165,542 square feet of industrial space in Becknell Blue Diamond at 5675 La Costa Canyon Drive. Kevin Higgins, SIOR, of CBRE represented the tenant.
• McFarlane Collectors Club Inc. renewed their lease of approximately 4,830 square feet and expanded their lease for an additional 4,830 square feet of industrial space in Silverado Business Park at 4216 N. Pecos Road. Sean Zaher of CBRE represented the landlord.
Completed Lease Transactions
• A lease to Dolcevita Gelato LLC for a 61.5-month term. The 8,671-square-foot industrial space is within Hacienda Crossings on Arville Street and Hacienda Avenue at 5275 S. Arville St., Suite 308/312. The Telles Industrial Team consisting of: Gabe Telles, Chase Pavlov and Ryan Hendershot of Colliers International represented the lessee.
• Legends Hospitality LLC sub-leased approximately 40,000 square feet of industrial space in Pacific Business Center at 1070 Mary Crest Drive. Jake Higgins of CBRE represented the sub-lessor.
• A lease to Kimley-Horn and Associates Inc. The 46,719-square-foot office space is located within Town Square, an open-air shopping, dining, office and entertainment center development in the Airport Submarket at 6671 S. Las Vegas Blvd., Suite D-300. The Thill, Dillon & McInerney Office Team consisting of Taber Thill, SIOR; Patti Dillon, SIOR; and Megan McInerney of Colliers International represented the lessee.
• A lease to Union Home Mortgage Corp. for a 36-month term. The 2,206-square-foot office space is located within City Center West at 7251 W. Lake Mead Blvd., Suite 100. The Thill, Dillon & McInerney Office Team consisting of Megan McInerney; Patti Dillon, SIOR; and Taber Thill, SIOR, of Colliers International represented the lessor, 7251 W Lake Mead LLC.
• A lease to Svinn Co., a Nevada Corporation for a 61-month term. The 12,226-square-foot industrial space is located in the Henderson Commerce Center at 7360 Eastgate Road, Suite 145-155 in Henderson. The Telles Industrial Team consisting of Chase Pavlov, Gabe Telles and Ryan Hendershot of Colliers International represented the lessee.
• A lease to Bright Minds ABA LLC for a 64-month term. The 3,797-square-foot office space is at 9089 S. Pecos Road, Suite 3400 in Henderson. Steven Haynes in partnership with The Thill, Dillon & McInerney Office Team consisting of Megan McInerney;Taber Thill, SIOR; and Patti Dillon, SIOR, of Colliers International represented the lessee.
• A lease to FJW Incorporated. The 3,992-square-foot medical office space is in the East Las Vegas submarket within Partell Medical Center at 2870 S. Maryland Parkway, Suites 230-250. Stacy Shapiro, CCIM, and Anna Dreyer of Colliers International represented the lessor, Welltower OM Group LLC.
• A lease to RD Prabhu, LK Shete MD’s, DBA Sleep Center of Nevada LTD for a 63-month term. The 3,000-square-foot office space is within Cheyenne Fairways at 8670 W. Cheyenne Avenue, Suite 225. Steven D. Haynes in partnership with The Thill, Dillon & McInerney Office Team consisting of Patti Dillon, SIOR; Taber Thill, SIOR; and Megan McInerney of Colliers International represented the lessor, ORB, Inc.
• The lease of retail space to Show Plus LV, comprised of 14,417 square feet at 2960 S. Highland Suite K. The total value of the transaction was $846,846.00. Jenny Li of Sun Commercial Real Estate Inc. represented the tenant.
• The lease of retail space to Monarch Wellness LLC, comprised of 4,000 square feet located at 4160 S. Pecos Road, Suite 11-13. The total value of the transaction was $331,430.14. Jenny Li of Sun Commercial Real Estate Inc. represented the landlord, Wazir Enterprises II, LP.
• The lease of a retail space to Optic Gallery Horizon Ridge LLC, comprised of 2,604 square feet at 1730 W. Horizon Ridge Parkway Suite 120 in Henderson. The total value of the transaction was $249,984. Pete Janemark of Sun Commercial Real Estate Inc. represented the landlord, SB 90210 LLC.
• The lease of an office space to Laboratory Corp. of America, comprised of 2,134 square feet located at 2535 W. Cheyenne Ave. Suite 105. The total value of the transaction was $179,768. Ed Bassford and Mike Brazill of Sun Commercial Real Estate Inc. represented the landlord, Manpower Cheyenne, LLC.
• The lease of an office space to P.U.S.H Support Services LLC, comprised of 2,000 square feet located at 4160 S Pecos Road, Suite 18 and 19. The total value of the transaction was $165,184.67. Jenny Li of Sun Commercial Real Estate Inc. represented the landlord, Wazir Enterprises II, LP.
• The Lease of an office space to Clean and Healthy Homes LLC, comprised of 2,468 square feet located at 8170 W. Sahara Ave., Suite 106-107. The total value of the transaction was $106,404.88. Mike Brazill and Ed Bassford of Sun Commercial Real Estate Inc. represented the landlord, Manpower Professional Center LLC.
• Everi Payments Inc. leased approximately 182,520 square feet of industrial space in Post 215 Logistics located at 6705 W. Post Road. Garrett Toft, SIOR, of CBRE represented the landlord.
• Derse Inc. renewed its lease of approximately 133,400 square feet of industrial space in Las Vegas Corporate Center No. 18 located at 3200 E. Gowan Road. Garrett Toft, SIOR, and Jeremy Green, SIOR, of CBRE represented the tenant.
• TES USA Inc. leased approximately 36,000 square feet of industrial space in Pacific Business Center located at 1100 Mary Crest Road. Jake Higgins of CBRE represented the landlord.
• A lease to Ironbound Projects LLC for a 24-month term. The 2,091-square-foot office space is located in the prestigious community of Summerlin on Charleston Boulevard and Hualapai Way at 10091 Park Run Drive. The Thill, Dillon & McInerney Office Team, consisting of Patti Dillon, SIOR; Taber Thill, SIOR; and Megan McInerney of Colliers International represented the lessor, Albatross Partners LLC.