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Joint venture signs 12 leases at Hughes Airport Center

CBRE arranged 12 lease transactions at Hughes Airport Center for a portfolio of properties owned by a joint venture of Oaktree Capital and CIP Real Estate.

The leases, transacted over nine months, represented more than 148,000 of new occupancy at the center on Pilot Road near the airport and were valued at $8.56 million.

Geotab leased 25,615 square feet for $1.88 million; CanvasPop leased 24,665 square feet for $1.03 million; Medical Transportation Management leased 15,033 square feet for $1.02 million; Climatec leased 10,353 square feet for $813,320; Credit One Bank leased 17,493 square feet for $729,767; North American Video leased 15,299 square feet for $695,363; Harris Consulting Engineers leased 8,048 square feet for $622,223; Action Link, leased 12,333 square feet for $437,553; VeriFone Inc. leased 3,046 square feet for $374,496; LabCorp of America leased 7,775 square feet for $370,551; and Harman International leased 3,025 square feet for 198,107.

SALES OF SIGNIFICANCE

• Mosaic Land Fund and Mosaic Three purchased a 2.5-acre land parcel near Gomer Road and Fort Apache Road in Las Vegas from James Jae and Eun A. Park for $650,000. Vince Schettler of Colliers International represented Mosaic.

• The Kushrow Roohani Family Trust purchased a 1.93-acre land parcel at 9575 S. Decatur Blvd. in Las Vegas for $555,000. Vince Schettler of Colliers International represented the seller, Mosaic Land Fund and Investor Equity Homes.

• Investor Equity Homes and Mosaic Three purchased a 1.25-acre land parcel near Silverado Ranch Road and Arville Street in Las Vegas from the Phyllis Tagliarino Trust for $135,000. Vince Schettler of Colliers International represented the buyer.

LEASES OF INTEREST

• Phaze Laser leased 1,520 square feet of retail space in Village Square at 9420 W. Sahara Avenue, Suite 105, in Las Vegas for $196,000 and 64 months. Sarah Lopez of Berkshire Hathaway represented Phaze Laser and Kris Watier, Liz Clare and Jacki Young of Avison Young represented the landlord, G &I VIII Village Square LLC.

• Freeman Expositions Inc. leased 20 acres of industrial space at 6540 W. Richmar Avenue in Las Vegas. Spencer Pinter of Colliers International represented the landlord, 6540 West Richmar LLC, and Pat Marsh, SIOR and Sam Newman of Colliers International represented Freeman.

• Pierce Distribution Services Co. Inc. leased 31,306 square feet of industrial space at 3030 N. Lamb Blvd., Unit 101, in Las Vegas. Dean Willmore and Chelsy Cardin of Colliers International represented the landlord, Natomas Creek Nevada LLC.

• Botach Inc. leased 24,427 square feet of industrial space at 4775 W. Harmon Ave. in Las Vegas. Brian Riffel, Mike DeLew and Tyler Jones of Colliers International represented the landlord, 2D LLC and Dean Willmore and Chelsy Cardin of Colliers International represented Botach.

• Wayland Inc. leased 10,167 square feet of industrial space in Nellis Industrial Park #2 at 4401 McGuire St. in North Las Vegas. Dan Doherty, Susan Borst, Chris Lane and Jerry Doty of Colliers International represented the landlord, ICON PAC Nevada Owner Pool 3 Nevada.

• Top-Notch Installations LLC leased 6,000 square feet of industrial space in Mojave Airport Center at 6285 S. Mojave Road, Suites B-C, in Las Vegas. Dean Willmore, Mike DeLew, Greg Pancirov and Chelsy Cardin of Colliers International represented the landlord, Stockbridge Patrick and Mojave LLC.

• Westrock Coffee Roasting LLC leased 5,000 square feet of industrial space in Mojave Airport Center at 6285 S. Mojave Road, Suite A, in Las Vegas. Dean Willmore, Mike DeLew, Greg Pancirov and Chelsy Cardin of Colliers International represented the landlord, Stockbridge Patrick and Mojave LLC.

• PST Investments LLC leased 1,692 square feet of office space in Pebble Place at 2140 E. Pebble Road, Suite 110, in Las Vegas. Suzette LaGrange and Kara Walker of Colliers International represented the landlord, CVK.

• American Ring Co. Inc. leased 1,344 square feet of industrial space in Patrick Commerce Center at 6151 McLeod Drive, Suite E, in Las Vegas. Spencer Pinter, Dan Doherty, Susan Borst, Chris Lane and Jerry Doty of Colliers International represented the landlord, BKM Patrick 102 LLC.

• Lucinda Flint leased 1,150 square feet of mixed use space in the Village of Centennial Springs at 7570 Norman Rockwell Lane in Las Vegas. Phillip Dunning and Tom Naseef of Colliers International represented the landlord, CML-NV CSPRINGS LLC.

• CHR West Inc. leased 1,150 square feet of retail space in Pecos Russell Plaza at 3380 Russell Road, Suite 102, in Las Vegas. Matt Feustel and Jakke Farley of Virtus Commercial represented the landlord, 3380 Partners.

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