NorthCap's John Tippins and Mountain West's Jeff Mitchell to Lead Retail Leasing Efforts at 28-Acre Luxury Mixed-Use Development in Southern Nevada
New York - PBC USA, a global real estate investment firm headquartered in New York City, has appointed powerhouse real estate brokers John Tippins of NorthCap and Jeff Mitchell of Mountain West Commercial to head up the retail leasing at Tivoli Village. Tivoli Village is a well-appointed mixed-use center that includes 742,000 square feet of retail, beauty, service, restaurant and Class A office space within an impressive 28-acre development adjacent to Las Vegas' Summerlin area. Anchor tenant Restoration Hardware's flagship store is joined by boutique retailers, local and national office tenants and nearly a dozen popular restaurants and a cigar bar in the center's enchanting open-air environment.
Tivoli Village opened Phase I in 2011 and Phase II in 2016 on 28 acres northwest of the Las Vegas Strip and adjacent to the prestigious Summerlin master-planned community. The architecturally exquisite European-style boutique center includes some of the most highly sought retail and restaurant space available in the entire region. Ownership is also in discussion with developers to create luxury condominiums at the complex that would be the first walkable development in Las Vegas, contiguous to retail, office and a golf course with panoramic views of the Las Vegas Strip.
"We look forward to providing the community with an even greater selection of unparalleled experiential retailers," said Mr. Tippins, CEO of NorthCap, a leading real estate company focused on acquisition, brokerage and property management with a long history of working with local tenants.
"Since its grand opening, Tivoli Village has become a must-see destination for Las Vegas residents and visitors looking for a unique experience to shop at one-of-a-kind boutiques not found anywhere else, as well as enjoy fine dining," said Mr. Mitchell, Principal Broker for Nevada at Mountain West Commercial. "Working closely with the ownership and our brokerage partners at NorthCap, we will take retail leasing at the center into a higher gear."
Mr. Tippins and his firm have successfully completed some of the market's most noteworthy leasing, sales and management assignments for local operators and private equity firms. Mr. Tippins has closed on a total of more than $1.5 billion in transactions as either a broker or principal since 2000. In 2009 he was named "Top 40 Under 40" by In Business Las Vegas as well as "Entrepreneur of the Year" by Commercial Marketing Group in 2014.
In addition to Tivoli, over the past 12 to 24 months Mr. Tippins completed a number of high-profile assignments including the leasing of the retail portion of The Ogden, a 248-unit luxury residential property in Downtown Las Vegas; the 40,000-square-foot leasing campaign for the retail space at the mixed-use development, The Gramercy Las Vegas; and leased all of the retail space at The Juhl, an artfully innovative new Downtown Las Vegas residential property.
Mr. Mitchell's background offers clients a tremendous depth of experience, extensive industry relationships, detailed market knowledge and proven asset enhancement capabilities. Regionally, Mountain West Commercial has completed retail lease transactions valued at over $3 billion, including 612 retail tenant assignments totaling 4.4 million square feet.
In addition to the new retail leasing team, the ownership also recently tapped Philip Knott as General Manager of Tivoli Village. Prior to joining Tivoli Village, Mr. Knott served as Vice President of Operations for International Market Centers, where he oversaw the daily operations for the firm's 12 million square feet of exhibit space in Las Vegas, NV and High Point, NC.
About Tivoli Village
Anchored by Restoration Hardware's RH Las Vegas, Tivoli Village is complemented by a curated collection of retailers ranging from luxury brands to one-of-a-kind boutiques. Enticing restaurants range from local favorite, Echo & Rig Butcher and Steakhouse, to national standout, Brio Tuscan Grille, while David Barton Gym and Dance With Me serve as upscale experiential destinations beyond traditional retail and dining options. Located in one of the most affluent sections of Southern Nevada, Tivoli Village is 15 minutes from the Las Vegas Strip, conveniently situated near the Summerlin Parkway. The center proudly boasts 370,000 square feet of retail and restaurants and 300,000 square feet of Class A office space. Tivoli most recently brought in Tesla charging stations (the only Tesla stations located on North Western Las Vegas) along with charging stations for other electric vehicles.
For more information on events at Tivoli Village visit www.tivolivillagelv.com, follow Tivoli Village on Instagram https://www.instagram.com/tivolivillagelv/ and Twitter http://twitter.com/TivoliVillageLV, or like Tivoli Village on Facebook https://www.facebook.com/tivolivillagelv/
About PBC USA
PBC USA is the global real estate investment arm of Israel based, Property & Building Corp (TASE: PBTL). PBC is one of Israel's largest diversified real estate companies with assets ranging from suburban strip malls to premier office buildings in primary global markets. The company is an active acquirer of long term commercial real estate assets in North America and Europe and is headquartered in at 452 Fifth Avenue, in New York. http://www.pbc.co.il/
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