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You are here: Home / Features / ReD Report / Red Report: May 2015

Red Report: May 2015

May 1, 2015 By Nevada Business Mag Leave a Comment

Read the Nevada Real Estate & Development Report: May 2015 - Commercial real estate and development - projects, sales, and leases.

E

Project, Industrial
ADDRESS 4025 E. Cheyenne Ave., 89115
CONTRACTOR OF RECORD United Construction Company
DETAILS Construction is underway on Dermody Properties’ LogistiCenter Cheyenne. The 381,804 SF distribution facility will feature a 32-foot clear height, 80 trailer stalls and 248 parking stalls. The project is expected to be complete in October of this year.

H

Sale, Land
ADDRESS E Corner of Carnegie St. & Kenneth Ave., 89052
BUYER Chabbad of Green Valley
SELLER 5802 & Acquisitions, LLC
DETAILS 1.87 acres; $690,000
APN 178-30-202-014
BUYER’S REP Michael T. Brazill of Sun Commercial Real Estate, Inc.
SELLER’S REP Michael Stuart of Colliers International

Sale, Office
ADDRESS 2900 W. Horizon Ridge Pkwy, Ste 200, 89052
BUYER Savant Investment Partners
SELLERS Stepping Stone Ventures LLC
DETAILS 6,331 SF; $1,400,000
APN 177-25-411-020
SELLER’S REP Bob Hawkins & Dan Palmeri of Cushman & Wakefield Commerce

Lease, Retail
ADDRESS 617 Mall Ring Cir., Ste 120, 89014
TENANT Wellness Connection of Nevada LLC
LANDLORD Galleria Pavilion LLC
DETAILS 6,466 SF; $839,588 for five years
TENANT’S REP Kendall Thacker of Encore Commercial Inc.
LANDLORD’S REP Eric Berggren of Newmark Grubb Knight Frank

N

Sale, Industrial
ADDRESS 1600 & 1609 Stocker St., 89030
BUYER Larry Alfred Britz
SELLER Clark County Credit Union
DETAILS 5,652 SF; $520,000
APN 139-22-811-014
SELLER’S REP Grant Traub and Chris Connell, CCIM of Colliers International

Sale, Industrial
ADDRESS 2313 Mendenhall Dr., 89081
BUYER Herrick Family LLC
SELLER Sutta & Sutta LLC
DETAILS 26,700 SF; $1,991,000
APN 139-02-613-007
BUYER’S REP Neil Sorkin & Leo Biedermann of Cushman & Wakefield Commerce
SELLER’S REP Mark Kincaid of Forever 99 Realty

Lease, Industrial
ADDRESS 4980 Statz St., Ste 120, 89081
TENANT Columbia River Logistics, Inc.
LANDLORD Golden Triangle Industrial Park
DETAILS 32,722 SF; $423,039 for three years
TENANT’S REP Art Farmanali, SIOR of Cushman & Wakefield Commerce
LANDLORD’S REP Donna Alderson, SIOR of CBRE

NW

Sale, Land
ADDRESS SW Corner of Durango Dr. & Deer Springs, 89149
BUYER The 786 Children’s Education Trust
SELLER James R. Marsh
DETAILS 1.89 acres; $1,900,000
APN 125-20-301-027
BUYER’S REP Abdus Asif of Active Commercial
SELLER’S REP David Lipp, CCIM of Newmark Grubb Knight Frank

S

Project, Other
ADDRESS 3786 S. Las Vegas Blvd., 89109
CONTRACTOR OF RECORD DC Building Group
DETAILS DC Building Group has completed the $4.76 million remodel of M&M World Las Vegas at Showcase Mall on the Las Vegas Strip. The 31,056 SF project includes a new NASCAR Display, circular light openings and an M&M Color Wall. FITCH served as the architect of record.

Sale, Office
ADDRESS 3627 & 3620 Sunset Rd., 89120
BUYER Whatcom Investments Inc.
SELLER Sunset Pecos II LLC
DETAILS 7,500 SF; $690,000
APN 178-01-412-003
SELLER’S REP Jason T. Lesley, CCIM & Bridget Richards, CCIM of Colliers International

Lease, Industrial
ADDRESS 3595 E. Patrick Ln., Ste 900, 89120
TENANT Pacific Parts Warehouse
LANDLORD Distribution and Storage of Auto Parts
DETAILS 8,642 SF; $310,636 for 63 months
TENANT’S REP James Griffis of MDL Group
LANDLORD’S REP Spencer Pinter of Colliers International

SW

Project, Other
ADDRESS 7025 S. Fort Apache Rd., 89148
CONTRACTOR OF RECORD Burke Construction Group
DETAILS Burke Construction Group has begun construction on The Howard Hughes Corporation’s new Summerlin Aquatic Center. The 25,000 SF project will feature a 25-meter, 10-lane swimming pool, as well as shallow children’s pools, play areas and multi-purpose rooms. Erik B. Peterson, AIA designed the $7,017,687 project. Construction is scheduled for completion in December 2015.

Sale, Retail
ADDRESS 4840 S. Fort Apache Rd., 89147
BUYER FAE Holdings 458129R LLC
SELLER PWDAF Fort Apache LLC
DETAILS 6,000 SF; $980,000
APN 163-20-414-009
SELLER’S REP Joe Bonifatto of Colliers International

Lease, Industrial
ADDRESS 7350 Dean Martin Dr., Ste 310, 89139
TENANT Lone Mountain Excavation
LANDLORD KTR Capital Partners
DETAILS 9,870 SF; $410,773 for 62 months
TENANT’S REP Cathy Jones, CCIM and Paul Miachika of Sun Commercial Real Estate, Inc.
LANDLORD’S REP Jeremy Green of CBRE

WC

Sale, Industrial
ADDRESS 531 Vista Blvd., 89434
BUYER Peca LLC
SELLER Vista business Park LLC
DETAILS 7,955 SF; $573,510
APN 037-370-20

Sale, Industrial
ADDRESS 2775 Highway 40 W., 89439
BUYER Woodruff Investments LLC
SELLER Sinclair Investments LLC
DETAILS 12,500 SF; $1,085,000
APN 038-850-04

Read the Nevada Real Estate and Development Report: May 2015 - Commercial real estate and development - projects, sales, and leases.

Filed Under: ReD Report Tagged With: Abdus Asif, Art Farmanali, Bob Hawkins, Bridget Richards, Burke Construction Group, Cathy Jones, CBRE, Chabbad of Green Valley, Chris Connell, Clark County Credit Union, Colliers International, Columbia River Logistics, ctive Commercial, Cushman & Wakefield Commerce, Dan Palmeri, David Lipp, DC Building Group, Dermody Properties, Donna Alderson, Encore Commercial Inc., Eric Berggren, Erik B. Peterson, Forever 99 Realty, Galleria Pavilion LLC, Golden Triangle Industrial Park, Grant Traub, Herrick Family LLC, James R. Marsh, Jason T. Lesley, Jeremy Green, Joe Bonifatto, Kendall Thacker, KTR Capital Partners, Larry Alfred Britz, Las Vegas Strip, Leo Biedermann, Lone Mountain Excavation, M&M World Las Vegas, MDL Group, Michael Stuart, Michael T. Brazill, NASCAR, Neil Sorkin, Newmark Grubb Knight Frank, Pacific Parts Warehouse, Paul Miachika, Savant Investment Partners, Sinclair Investments, Spencer Pinter, Stepping Stone Ventures LLC, Summerlin Aquatic Center, Sun Commercial Real Estate, Sunset Pecos II LLC, Sutta & Sutta LLC, The 786 Children’s Education Trust, The Howard Hughes Corporation, United Construction Company, Vista business Park LLC, Wellness Connection of Nevada, Whatcom Investments Inc., Woodruff Investments

Paul Krakovitz: Intermountain Healthcare

Edward Vance: EV&A Architects

Scott Arkills: Silver State Schools Credit Union

Tonya Ruby: Cox Media Las Vegas

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