Nevada Real Estate & Development Report: January 2014

Read the Nevada Real Estate and Development Report: January 2014 - Commercial real estate and development - projects, sales, and leases.New Year - New Format

The ReD Report has a new, easier to read format. Commercial real estate professionals throughout the state have requested the report be categorized in market areas, as opposed to zip codes. The color-coded areas correspond to the map below and each deal is presented in a more concise manner.

We appreciate all the brokers who continue to send us their deals and look forward to publishing even more in the New Year. A special thanks to all the professionals who lent their expertise to the redesign of the ReD Report, especially Mike Mixer with Colliers International, Brian Gordon with Applied Analysis and Chris Richardson with the Equity Group. We wish you all a prosperous 2014 ... keep the deals coming!


Sale, Industrial

ADDRESS 4460 E. Cheyenne Ave., 89115
BUYER BMR Global Corporation
SELLER 5 Stars Auto Shop, LLC
DETAILS 12,900 SF; $650,000
APN 140-08-401-013
BUYER’S REP C. Roger Jeffries III of Sun Commercial Real Estate, Inc.
SELLER’S REP Mark Anthony Rua of Realty Executives

Sale, Industrial

ADDRESS 4080 N. Pecos Rd., 89115
BUYER Aloha Shoyu Inc.
SELLER Grand Jen Realty Las Vegas LLC
DETAILS 28,325SF; $1,695,000
APN 140-06-417-003
BUYER’S REP Dean Willmore, SIOR and Eric Molfetta of Colliers International
SELLER’S REP Mark Anthony Rua of Realty Executives of Nevada


Lease, Industrial

ADDRESS 880 Wigwam Pkwy., Suite #100, 89014
LANDLORD Harsch Investment Corp, Inc.
DETAILS 24,079 SF; $341,653 for 39 months
TENANT’S REP Cathy Jones, CCIM and Paul Miachika of Sun Commercial Real Estate, Inc.


Sale, Retail

ADDRESS 4600 W. Craig Rd., 89032
BUYER Fenix Investment Holdings, LLC
SELLER 4600 West Craig Road, LLC
DETAILS 11,484 SF; $875,000
APN 139-06-215-011
BUYER’S REP Pete Janemark of Commerce CRG
SELLER’S REP Michael Campbell of Avison Young

Lease, Industrial

ADDRESS 3837 Bay Lake Trail, Suite 111, 89030
DETAILS 283,920 SF; $4,915,081 for 5 years
LANDLORD’S REP Dan Doherty, SIOR and Chris Lane of Colliers International


Lease, Office

ADDRESS 7455 W. Washington Ave., 89128
TENANT Nevada Orthopedic & Spine Center
DETAILS 32,508 SF; $7,006,000 for 168 months
TENANT’S REP Taber Thill, SIOR of Colliers International
LANDLORD’S REP Jason Simon of Gatski Commercial


HOKSportsProject, Industrial

ADDRESS Las Vegas Blvd. and Frank Sinatra Dr., 89109
DETAILS MGM Resorts International and AEG are planning a $350 million, 20,000-seat indoor events venue projected for completion in spring of 2016. The arena, designed to LEED Gold standards, will link the New York-New York and Monte Carlo resorts.

carpenterProject, Industrial

ADDRESS 6801 Placid St., 89119
DETAILS Las Vegas Carpenters Union International Training Center completed their third expansion, adding 220,000 SF with projections of doubling their number of annual visitors. The $43 million project includes an expanded millwright training area and scaffolding construction area, as well as 30 classrooms and two large meeting halls.

Lease, Industrial

ADDRESS 750 Pilot Rd, Suite A, 89119
TENANT Sitel Operating Company
LANDLORD CIP Airport Industrial/Flex Portfolio LLC
DETAILS 19,833 SF; $964,360 for 4 years
TENANT’S REP Barton Hyde of Avison Young
LANDLORD’S REP Garret Toft of Voit


Sale, Office

ADDRESS 6050 S. Fort Apache Rd., 89148
BUYER Milton I. Schwartz Revocable Family Trust
DETAILS 4,881 SF; $366,075
APN 163-32-212-000
BUYER’S REP Dean Willmore, SIOR of Colliers International
SELLER’S REP Michael Hsu of Newmark Grubb Fnight Frank

Sale, Office

ADDRESS 9340 Martin Ave., 89148
BUYER Rainey Legal Group, PLLC
DETAILS 10,638 SF; $740,000
APN 176-05-115-003
SELLER’S REP Jeff Berg and Mica Berg of Sun commercial Real Estate, Inc.

Sale, Vacant Land

ADDRESS Just north of the 215 beltway between S. Buffalo Dr. and S. Durango Dr.
BUYER Ryland Homes
DETAILS 38 acres; $14,800,000
SELLER’S REP Derek Rafie of CBRE

Lease, Industrial

ADDRESS 6630 Arroyo Springs St., Suite #900, 89113
TENANT Style Event Design LLC
LANDLORD EJM Arroyo North I Property, LLC
DETAILS 13,671 SF; $268,227 for 39 months
TENANT’S REP Cathy Jones, CCIM and Paul Miachika of Sun Commercial Real Estate, Inc.

Lease, Industrial

ADDRESS 6560 Tioga Way, Suite 130, 89113
TENANT Elite Foods LLC
LANDLORD EJM Arroyo North II Property LLC
DETAILS 8,535 SF; $469,929 for 86 months
TENANT’S REP Rich Luciani and Jeff Barton of Newmark Grubb Knight Frank
LANDLORD’S REP Spencer Pinter of Colliers International

Lease, Industrial

ADDRESS 7200 Montessouri St., Suite 130, 89113
TENANT Blum Health and Fitness LLC
LANDLORD EJM Arroyo South I Property LLC
DETAILS 6,818 SF; $261,932 for 62 months
TENANT’S REP Arlene Nehls of LSI Properties
LANDLORD’S REP Spencer Pinter of Colliers International


Sale, Office

ADDRESS 621 Pyramid Way, 89431
BUYER TSD Rental Properties LLC
SELLER Reco Mortgage DBA
DETAILS 2,760 SF; $240,000
APN 032-102-05

Sale, Vacant Land

ADDRESS Park Highlands
BUYER KBS Strategic Opportunity REIT
DETAILS 295 acres; $20,000,000