Morgan Stanley has secured office space
UnCommons, a $400 million, 40-acre mixed-use community in southwest Las Vegas, has announced that Morgan Stanley, a multinational investment bank and financial service company, has secured office space at the development when it opens in early 2022.
After more than two decades at the “HC,” formerly Howard Hughes Center, the global financial leader will occupy a 22,000-square-foot office space at UnCommons. Designed by architecture firm, Gensler, UnCommons is in the southwest Las Vegas market.
“Having a global leader like Morgan Stanley choose UnCommons as their new home speaks volumes about the experience we are pursuing with our community,” said Matter Real Estate Group Partner Jim Stuart. “UnCommons is being created to deliver on the demands and expectations of the modern workforce. We look forward to providing the Morgan Stanley team a workplace experience that supports their vision of the future.”
Opening next year, UnCommons will reimagine the workplace experience with market-leading design and technology, floor-to-ceiling windows that welcome daylight and views of the natural Las Vegas surroundings, breakout spaces for individual work or small group collaboration, a conference center that can be used to host small meetings and workshops and more. Bringing together multiple fitness studios, open-air common areas, contemporary residential units and a mélange of food and beverage options, the campus will set the foundation for a thriving, inspiring workplace. Future phases will bring UnCommons to more than 500,000 square feet of modern office space, all built with distinctive architectural features and the latest in safety innovations.
COMPLETED SALES TRANSACTIONS
• Colliers Las Vegas’ Doherty Industrial Group has announced it completed the $40.5 million sale of a 331,471-square-foot industrial property at 7900 W. Sunset Road. Doherty Industrial Group’s Dan Doherty, SIOR; Paul Sweetland, SIOR; Chris Lane, SIOR; and Jerry Doty, SIOR; and Colliers’ Capital Markets specialists Michael Kendall and Gian Bruno represented the seller, Panattoni Development, an industrial real estate developer.
Southwest Corporate Campus in southwest Las Vegas totals 331,471 square feet and was 100 percent leased at the time of the sale. Built in 2007, the property sits on approximately 17.82 acres with an additional 4.85 acres of developable land. A joint venture between the Brookhollow Group and PCCP purchased the property for $40,500,000.
• Garrett Toft, SIOR, and Jake Higgins of CBRE Inc. represented the seller in the sale of a 52,488-square-foot industrial building at 1110 Mary Crest Road to Kennedy-Wilson International for $8,922,960.
• A sale to Victor Balian. The 26,480-square-foot retail property is at 6620-6680 W. Flamingo Road. The transaction amount was $6,900,000. Al Twainy, CCIM, and Jennifer Lehr, CCIM, of Colliers International represented the seller, Flamingo Plaza LLC.
• A sale to Marques Brothers LLC. The approximately 21,886 square foot industrial property is in Matter Warm Springs at 7930 Warm Springs Road, Unit 100. The transaction value was $4,600,000. Brian Riffel, SIOR, and Tyler Jones of Colliers International represented the buyer.
• A sale to Forte Specialty Contractors LLC. The 3.96-acre land parcel is near Decatur Boulevard and Sunset Road at 5225 W Post Road. The transaction amount was $3,666,667. Brian Riffel, SIOR, and Tyler Jones of Colliers International represented the buyer.
• A sale to Forte Specialty Contractors LLC. The 1.70-acre land parcel is near Decatur Boulevard and Sunset Road at 5225 W. Post Road. The transaction amount was $1,833,333. Brian Riffel, SIOR, and Tyler Jones of Colliers International represented the buyer.
•A sale to CP1 LLC. The approximately 7,600 square foot industrial property is at 6420 Arville St. The transaction value was $1,672,000. Ryan Hendershot, Gabe Telles and Chase Pavlov of Colliers International represented the buyer.
• A sale to Stephan Gephardt MD LTD. The approximately 6,117 square foot industrial property is at 5852 S. Durango Drive, Unit 100. The transaction value was $1,559,835. Brian Riffel, SIOR, and Tyler Jones of Colliers International represented the seller, Canyon Ridge Business Park LLC.
• A sale to Allay Investments LLC. The approximately 3.44-acre land parcel is near Centennial and Aliante parkways (APN: 124‐29‐513‐008) in North Las Vegas. The transaction value was $1,200,000. Steve Haynes of Colliers International represented the seller, Zornes Family Trust.
• A sale to MP CMG NLV LLC. The approximately 37,960 square foot land property is located on W. Craig
Rd. (A portion of 139‐04‐201‐027) in North Las Vegas. The transaction value was $875,000. David A. Grant
of Colliers International represented the buyer.
• A sale to Turin LLC. The 3.04-acre land parcel is on the NWC of N. Las Vegas Boulevard and Puebla Street in North Las Vegas. The transaction amount was $626,000. Steven Haynes of Colliers International represented the seller, Omni Family Ltd Partnership.
• A sale to Lira Electric LLC. The approximately 4,195 square foot industrial property is in Northpointe Business Center at 4210 Lamb Blvd., Suite 130. The transaction value was $495,000. Brian Riffel, SIOR, and Tyler Jones of Colliers International represented the seller, Danny Muallem.
COMPLETED LEASE TRANSACTIONS
• A lease to RiskNomics. The 985-square-foot office property is at 3005 W. Horizon Ridge Parkway, Suite 240. Patti Dillon, SIOR; Taber Thill, SIOR; and Megan McInerney of Colliers International represented the lessor, Insight on Horizon LLC.
• A lease to Gaming Partners International USA Inc. The 3,080-square-foot office property is in Hughes Center at 3770 Howard Hughes Parkway, Suite 250. Taber Thill, SIOR; Patti Dillon, SIOR; and Megan McInerney of Colliers International represented the lessee.
• A lease to Desert Orthopaedic Center LTD. The 8,814-square-foot medical office property is at 8689 W. Charleston Blvd. Stacy Shapiro, CCIM, of Colliers International represented the lessor.
• A lease to Winview Inc., a Delaware Corp. The 4,100-square-foot office property is at 9225 W Flamingo Road, Suite 130. Chris Connell, SIOR, and Grant Traub, SIOR, of Colliers International represented the lessor, RETKO Group LLC.
• A lease to Brody and Jason Brunlinger. The 1,456-square-foot industrial property is in Donovan Business Park at 4550 Donovan Way, Suite 104. Gabe Telles, Chase Pavlov and Ryan Hendershot of Colliers International represented the lessor, WBCS DICE LLC.
• A lease to 3rd Reef Dive Shop LLC. The 2,250-square-foot retail property is in Pecos Wigwam Center at 80 N. Pecos Road, Suite C and D. Chris Connell, SIOR, and Grant Traub, SIOR, of Colliers International represented the lessor, Pecos Nevada Limited Partnership.
• Precise Business Management signed a 31-month lease for 501 square feet of office space at The 1785 Office Center at 1785 E. Sahara Ave., Suite 351. Geri Jameson of Virtus Commercial represented the lessor, The 1785 Office Center LLC, in the transaction.
• CYB Products LLC, an apparel company, signed a 37-month lease for 1,100 square feet of industrial space located at 4490 Delancey Drive, Suite 8. Matt Feustel of Virtus Commercial represented the lessor, Delancey Drive Investments LLC, in the transaction.
• Giovanni’s Pizzeria and Mediterranean Grill signed a 65-month lease for 1,700 square feet of retail space at 9773 W. Flamingo Road, Suite 2. Matt Feustel of Virtus Commercial represented the lessee in the transaction.
• West Scooter Rentals signed a 61-month lease for 1,100 square feet of industrial space at 4500 Delancey Drive, Suite 1. Matt Feustel of Virtus Commercial represented the lessor, Delancey Drive Investments LLC, in the transaction.
• Robus Finance signed a 37-month lease for 151 square feet of office space at Spanish Vista Office Park at 4955 S. Durango Drive, Suite 162. Matt Feustel of Virtus Commercial represented the lessor, AKA Spanish Vista LLC, in the transaction.
• Bloom Academy signed a 38-month lease for 2,176 square feet of retail space at Sahara Rainbow Center at 2550 S. Rainbow Boulevard, Suite E27-E28. Matt Feustel of Virtus Commercial represented the lessor, VIV Sahara Rainbow LLC; and Jesse Chippoletti of Keller Williams Commercial represented the lessee in the transaction.
• Pin Up Nail Bar renewed 1,919 square feet of retail space for 60 months at West Tropicana Center at 8650 W. Tropicana Ave., Suite A201. Geri Jameson of Virtus Commercial represented the lessor, 5150 Duke Ellington LLC, in the transaction.
• Desert Grace Health Services renewed 450 square feet of office space for 36 months at Spanish Vista Office Park at 4955 S. Durango Drive, Suite 117. Geri Jameson of Virtus Commercial represented the lessor, AKA Spanish Vista LLC, in the transaction.
• Sunshine Family Support Services renewed 1,266 square feet of office space for 24 months at The 1785 Office Center at 1785 E. Sahara Avenue, Suite 340. Geri Jameson of Virtus Commercial represented the lessor, The 1785 Office Center LLC, in the transaction.
• Tailwaggers renewed 536 square feet of retail space for 60 months at Sahara Rainbow Center at 2550 S. Rainbow Blvd., Suite E24. Geri Jameson of Virtus Commercial represented the lessor, VIV Sahara Rainbow LLC, in the transaction.
• Shelter Mutual Insurance Co. renewed 630 square feet of office space for 12 months at Spanish Vista Office Park at 4955 S. Durango Drive, Suite 122/159. Geri Jameson of Virtus Commercial represented the lessor, AKA Spanish Vista LLC, in the transaction.
• My Therapy FE renewed 849 square feet of office space for 24 months at The Pines Office Park at 7341 W. Charleston Blvd., Suite 130. Geri Jameson of Virtus Commercial represented the lessor, The Pines Office Park LLC, in the transaction.
• Richland Holdings Inc. renewed 1,816 square feet of office space for 12 months at Spanish Vista Office Park at 4955 S. Durango Drive, Suite 118, 173, 175-117. Geri Jameson of Virtus Commercial represented the lessor, AKA Spanish Vista LLC, in the transaction.
• Wireless Doctor renewed 1,200 square feet of retail space for 24 months at Tenaya Village at 7260 W. Azure Drive, Suite 150. Geri Jameson of Virtus Commercial represented the lessor, Tenaya Village LLC, in the transaction.
• Check City renewed 2,500 square feet of retail space at Revere Marketplace at 825 W. Craig Road, Suite 101, in North Las Vegas. Geri Jameson of Virtus Commercial represented the lessor, Las Vegas Adventure LLC; and Brandon Huntsman of Colliers represented the lessee in the transaction.
• An undisclosed user leased approximately 174,615 square feet of industrial space in Silver State Commerce Center at 4240 N. 5th St. Sean Zaher of CBRE represented the landlord and Garrett Toft, SIOR, of CBRE represented the tenant.
• Fresh N Lean leased approximately 171,083 square feet of industrial space in Sloan Logistics Center at 5450 N. Sloan Lane. Garrett Toft, SIOR, of CBRE represented the landlord.
• ION Solar LLC leased approximately 6,750 square feet of industrial space at 4120 Losee Road. Michael McCoy of CBRE represented the landlord.
• The Farm System LLC sub-leased approximately 6,854 square feet of industrial space in Hughes Airport Center at 731 Pilot Road. Jake Higgins of CBRE represented the landlord.
• A lease to Seasonal Magic LLC. The approximately 45,000 square foot retail property is in Crossroads at Sunset at 1431 W. Sunset Road in Henderson. Chris Clifford; Steve Neiger, CCIM; and Brett Rather of Colliers International represented the lessor, SS Capital LLC ETAL.
• A lease to 6610 Fort Apache LLC. The approximately 6,000 square foot PT’s on Fort Apache retail property is at 6610 Fort Apache Road. Chris Clifford; Steve Neiger, CCIM; and Brett Rather of Colliers International represented the lessor, P.T Corp.
• A lease to Old Republic Title Co. of Nevada. The approximately 2,818 square foot office property is in City Center West at 7201 W. Lake Mead Blvd., Suite 200. Patti Dillon, SIOR; Taber Thill, SIOR; and Megan McInerney of Colliers International represented the 7201 W. Lake Mead LLC.
• A lease to Ghidotti Berger LLP. The approximately 1,232 square foot office property is in City Center West at 7251 W. Lake Mead Blvd., Suite 470. Patti Dillon, SIOR; Taber Thill, SIOR; and Megan McInerney of Colliers International represented the 7251 W Lake Mead LLC.
• A lease to Precision Solar Screen & Doors LLC. The approximately 1,224 square foot industrial property is in Donovan Business Park at 4560 N. Donovan Way, No. B in North Las Vegas. Gabe Telles, Chase Pavlov and Ryan Hendershot of Colliers International represented WBCS Dice LLC.
• A lease to 8 and Nine LLC. The approximately 975 square foot retail property is in Summerlin Gateway at 7500 W. Lake Mead Blvd., No. C‐1. Al Twainy, CCIM, and Jennifer Lehr, CCIM, of Colliers International represented the Gateway Plaza 31 LLC.