Nevada Real Estate & Development Report: July 2014

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

E

Sale, Multi-Family
ADDRESS 1401 N. Lamb Blvd., 89110
BUYER Masuda Family Trust
SELLER Brooksone Apartments, LLC
DETAILS 193 units; $10,550,000
APN 140-29-101-019
SELLER’S REP Patrick J. Sauter and Art Carll of NAI Vegas The Sauter Multifamily Group

H

Sale, Multi-Family
ADDRESS 1651 American Pacific Dr., 89074
BUYER Hamilton Zanze & Company
SELLER The Calida Group
DETAILS 164 units; $26 million
APN 178-09-813-001
SELLER’S REP Doug Shuster and Curt Allsop of Newmark Grubb Knight Frank

Lease, Retail
ADDRESS 11251 S. Eastern Ave. Suite 160-180, 89052
TENANT Balance XXXIII LLC
LANDLORD Uyeda Holdings LLC
DETAILS 3,585 SF; $238,761 for 63 months
TENANT’S REP Deron M. Conway of ROI Commercial
LANDLORD’S REP Dan Hubbard of Cushman & Wakefield Commerce

N

Sale, Vacant Land
ADDRESS Cheyenne Ave. and N. 5th, 89030
BUYER Mendenhall Dynasty Trust
SELLER Cohen 2006 Trust
DETAILS 18.94 acres; $3,258,855
APN 139-14-101-018
BUYER’S REP Susan Borst of Colliers International
SELLER’S REP Ben Millis and Chris Beets of Newmark Grubb Knight Frank

Lease, Industrial
ADDRESS 4980 Statz St. Ste 120, 89081
TENANT Columbia River Logistics
LANDLORD Golden Triangle Industrial Park, LLC
DETAILS 25,000 SF; $125,844 for one year
TENANT’S REP Art Farmanali of Cushman & Wakefield Commerce
LANDLORD’S REP Donna Alderson of CBRE

Lease, Industrial
ADDRESS 4436 Lawrence St. Unit C, 89081
TENANT Kai Yu and Qiu Yun
LANDLORD MCA Lawrenca LLC
DETAILS 6,750 SF; $150,458 for 63 months
TENANT’S REP Chris Lane of Colliers International
LANDLORD’S REP Amy Ogden and Danielle Steffen of Cushman & Wakefield Commerce

S

Sale, Vacant Land
ADDRESS 5140 S. Maryland Pkwy, 89119
BUYER Iron Eagle VII Inc.
SELLER 7-Eleven
DETAILS 2 acres; $621,000
APN 162-26-210-014
SELLER’S REP Jackie Young and Liz Clare of Avison Young

Sale, Office
ADDRESS 3441 S. Eastern Ave., 89109
BUYER Concord Real Estate LLC
SELLER Leumi B LLC
DETAILS 19,548 SF; $2 million
APN 162-14-512-036
BUYER’S REP Stacy Scheer and Andrew Kilduff of Colliers International
SELLER’S REP Mark Musser and Eric Larkin of NAI Vegas

Sale, Retail
ADDRESS 9305 S. Eastern Ave., 89123
BUYER MNG Real Estate Investments, LLC
DETAILS 13,905 SF; $5,335,000
APN 177-23-718-005
BUYER’S REP Phillip Dunning and Jereme Snyder of Colliers International
SELLER’S REP Cathy Jones, CCIM and Paul Miachika of Sun Commercial Real Estate, Inc.

Sale, Industrial
ADDRESS 1525 Pama Ln., 89119
BUYER Foreo Cosmetics
SELLER 2010-1 CRE NV-Industrial LLC
DETAILS 30,253 SF; $3.3 million
APN 177-02-215-002
BUYER’S REP Dean Willmore, SIOR of Colliers International
SELLER’S REP Brendan Keating of The Equity Group

Lease, Office
ADDRESS 680 Pilot Rd, Sutie A, 89119
TENANT Direct Edge Marketing LLC
LANDLORD Hughes Airport Realty Owner LLC
DETAILS 8,045 SF; $120,687 for 14.5 months
TENANT’S REP Tanner Peterson of CBRE
LANDLORD’S REP Kevin Higgins, SIOR and Garrett Toft of Voit Real Estate Services

SW

Project, Office
ADDRESS 1980 Festival Plaza Dr., 89135
DETAILS One Summerlin, a 200,000 SF office tower, is expected to open in Downtown Summerlin in late 2014. The project, being developed by The Howard Hughes Corporation, features eight stories of Class A office space and is 20 percent pre-leased. The tower is being built to LEED Silver certified specifications and is part of the 400-acre Downtown Summerlin currently in development.

Sale, Retail
ADDRESS 8000 W. Sahara Ave., 89117
BUYER Nader Moradian
SELLER LBUBS 2002-C4 Retail 8000, LLc
DETAILS 12,936 SF; $2,940,000
APN 177-23-718-005
SELLER’S REP Cathy Jones, CCIM and Paul Miachika of Sun Commercial Real Estate, Inc.

Sale, Industrial
ADDRESS 6385 Montessouri St., 89113
BUYER Move4Less, LLC
SELLER Leumi B, LLC
DETAILS 6,090 SF; $619,000
APN 163-34-810-012
SELLER’S REP Eric Larkin, CCIM and Mark Musser of NAI Vegas

Lease, Office
ADDRESS 9640 W. Tropicana Ave. Suite 105-109, 89146
TENANT Sun City Financial, LLC
LANDLORD Teepee Development, LLC
DETAILS 6,000 SF; $291,600 for five years
LANDLORD’S REP Soozi Jones Walker, CCIM, SIOR and Bobbi Miracle, CCIM of Commercial Executives Real Estate Services

Lease, Retail
ADDRESS 3481 S. Durango Dr., 89147
TENANT First Cup Las Vegas Spring Mountain & Durango, LLC
LANDLORD S. Larson Family, LP
DETAILS 3,177 SF; $343,116 for five years
TENANT’S REP Johanna Smith of Newmarket Advisors
LANDLORD’S REP Chris Godino and David Liipp of Newmark Grubb Knight Frank

Lease, Industrial
ADDRESS 4800 W. University Ave. Suite 700, 89103
TENANT Thomas Hardy
LANDLORD Larry E. & Bernetta A. Nelson, Family Trust
DETAILS 5,780 SF; $162,834 for 62 months
TENANT’S REP Curtis S. Sanders of Cushman & Wakefield Commerce
LANDLORD’S REP Gary Burger of Pro Commercial Real estate

WC

Sale, Other
ADDRESS 1327 Pyramid Way, 89431
BUYER New Covenant Church
SELLER DCR Real Estate III Sub I LLC
DETAILS 11,800 SF; $400,000
APN 27-450-01

Sale, Retail
ADDRESS 3170 Vista Blvd., 89436
BUYER Demers Properties, LLC
SELLER Dennis Banks & Art Hinckley
DETAILS 4,942 SF; $920,000
APN 402-020-28

Project, Other
ADDRESS 1664 N. Virginia St., 89557
BUILDER CORE Construction
ARCHITECT OF RECORD H + K Architects
DETAILS The University of Nevada, Reno broke ground on the 78,000 SF William N. Pennington Student Achievement Center recently. The $44.5 million project is slated to open in 2016 and will offer a myriad of student-success resources.

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