Projects
Las Vegas, 89101
Government
Las Vegas’ new City Hall has been chosen as the 2013 Public Works Project of the Year by the American Public Works Association. The eight-level, 308,000 SF building replaces the former City Hall that was constructed in 1971. The facility created office space for up to 570 staff members for the City of Las Vegas. The new structural design also provided a 430-seat, acoustically-tuned City Chamber. The $109.3 million project has achieved LEED Gold certification for its energy efficient structure. Forest City Enterprises served as developer for the project. Additionally, Whiting-Turner Contracting Company served as primary contractor and JMA Architects as the architect of record. The property is located at 495 S. Main Street.
Henderson, 89103
Retail
AJB General Contractor is remodeling a 6,130 SF commercial building and parking lot addition for a new Egg Works location. Upon completion, the restaurant will be the fourth location for the locally based restaurant chain. The property is located at 10839 S. Eastern Avenue.
Las Vegas, 89141
Government
Las Vegas Paving has begun construction on an Interstate-15 diamond interchange. Upon completion, the flyover will allow east and westbound traffic to pass over the I-15 at Cactus Avenue. Construction on the roadway is expected to finish fall of 2014 and will cost $62 million to complete. The project is located near the South Point Casino.
Nellis AFB, 89191
Government
Jaynes Corporation is building a jet hanger, maintenance and training complex at Nellis Air Force Base. Upon completion, the two-story air hanger will span 39,195 SF and stand 52 FT tall. The building will be equipped with multiple bays, a bridge crane and a 230 foot-wide sliding hangar door. The U.S. Army Corps of Engineers project also calls for a single-story, 19,126 SF Green Flag air-to-ground operations facility, which will house administrative spaces, an auditorium and briefing and locker rooms. Both buildings will cost $15,946,000 to complete. Construction is scheduled to conclude in August of this year. The property is located at 4475 England Avenue.
Sales
Las Vegas, 89109
Multi-Family
Big D in Vegas, LLC purchased 24-units from Vegas Venture Properties LLC for $800,000 or $33,333 per unit. The buyer and seller were both represented by Patrick J. Sauter and Art Carll of NAI Sauter Companies. The property is located at 2635-2655 Sherwood Street.
APN # 162-10-113-009 et all
Henderson, 89074
Office
Landmark Ventures, LLC purchased 6,064 SF from Camelat Family Trust for $578,200 or $95 PSF. The seller was represented by Nick Barber and Jeremy Foley of Gatski Commercial. The property is located at 1172 Wigwam Parkway.
APN # 178-15-710-021
Las Vegas, 89118
Office
Design to Print purchased 5,955 SF from Branch Banking and Trust Company for $435,000 or $73 PSF. Additionally, Design to Print purchased 4,872 SF from Willy Ng for $375,000 or $77 PSF. The buyer was represented by Lisa Hauger of MDL Group in both transactions. Branch Banking and Trust was represented by Sperry Van Ness and Willy Ng was represented by Sharon Beesley of Cushman & Wakefield. The properties are located at 6631 and 5025 Schuster Street, respectively.
APN # 177-06-516-020; 162-30-511-004
Las Vegas, 89121
Office
Advanced Management Group purchased 10,290 SF from the US Small Business Administration for $900,000 or $87 PSF. The buyer and seller were both represented by Jarrad Katz, CCIM and Galit Kimerling of MDL Group. The property is located at 4496 S. Pecos Road.
APN # 161-19-216-005
Las Vegas, 89146
Office
Novus Dia Financial purchased 4,282 SF from 6H Co. LLC for $575,000 or $134 PSF. The buyer was represented by Pete Janemark of Cushman & Wakefield and the seller was represented by Kevin Buckley of First Real Estate Company. The property is located at 2580 Sorrel Street.
APN # 163-11-103-016
Las Vegas, 89123
Retail
26 Pebble LLC purchased a 49-unit self storage facility from Fortress Equities LLC for $525,000 or $10,714 per unit. The buyer was represented by Evan Griffith of Marcus & Millichap and the seller was represented by Cameron Glinton of Marcus & Millichap. The property is located at 2870 West Pebble Road.
APN #177-17-801-008
Henderson, 89011
Industrial
Boulder Ranch, LLC purchased 3,072 SF from Tyson Smith for $211,000 or $69 PSF. The buyer was represented by Richard Loudin of Dick Blair Realty and the seller was represented by Jason Simon and Rob Lujan of Gatski Commercial. The property is located at 6484 Boulder Ranch Avenue.
APN # 161-34-610-033
Las Vegas, 89118
Industrial
AbsoQ, LLC purchased 9,075 SF from Vegas Investment Partners, LLC for $756,000 or $83 PSF. The buyer was represented by Ali Roesener and Laramie Bracken of Gatski Commercial and the seller was represented by Jay Heller of Heller Companies. The property is located at 4137 Wagon Trail Avenue.
APN # 177-06-512-012
Leases
Las Vegas, 89101
Office
Collectors Coffee Inc. leased 5,910 SF from NNN City Centre Place LLC for $471,299 on a three-year lease. The tenant was represented by Ben Milis of Newmark, Grubb, Knight, Frank and the landlord was represented by Amy Lance of CB Richard Ellis. The property is located at 400 S. 4th Street, Suite 100. Reported monthly rent is $2.22 PSF.
Las Vegas, 89104
Retail
TitleMax leased 4,600 SF from 4741 Charleston Acquisition LLC for $453,318 on a ten-year lease. The landlord was represented by David Lipp, CCIM and Chris Godino of Newmark, Grubb, Knight, Frank. The property is located at 4741 E. Charleston Boulevard. Reported monthly rent is $0.82 PSF.
Las Vegas, 89107
Retail
Las Palmas Entertainment leased 12,382 SF from Kimco Realty for $1,220,215 on a ten-year lease. The tenant was represented by Ron McMenemy of McMenemy Investment Services and the landlord was represented by Scot Marker of Colliers International. The property is located at 320 S. Decatur Boulevard. Reported monthly rent is $0.82 PSF.
Las Vegas, 89128
Office
University of Nevada School of Medicine leased 7,598 SF from Northwest I LLC for $620,781 on a five-year lease. The tenant was represented by Barton Hyde of Avison Young and the landlord was represented by Nicola Fryatt of Thomas & Mack. The property is located at 2410 Fire Mesa Street. Reported monthly rent is $1.36 PSF.
Las Vegas, 89148
Office
Kindred Hospital leased 7,719 SF from Beltway One Development Group, LLC for $840,000 on a five-year lease. The landlord was represented by Soozi Jones Walker, CCIM, SIOR and Bobbi Miracle, CCIM. The property is located at 9121 W. Russell Road, Suites 110 and 118. Reported monthly rent is $1.81 PSF.
Las Vegas, 89139
Retail
The Cato Corp. leased 4,500 SF from Blue Diamond Crossing LLC for $376,875 on a 67-month lease. The tenant was represented by Todd Manning and Dan Hubbard of Cushman & Wakefield and the landlord was represented by Josh Thomas of Juliet Realty. The property is located at 4262 Blue Diamond Road. Reported monthly rent is $1.25 PSF.
North Las Vegas, 89030
Industrial
Southern Nevada Movers leased 52,450 SF from Leonard Rental LLC for $226,584 on an 18-month lease. The tenant and the landlord were both represented by Amy Ogden and Danielle Steffen of Cushman & Wakefield. The property is located at 1037 E. Colton Avenue. Reported monthly rent is $0.24 PSF.
Las Vegas, 89103
Industrial
Ed Roman Enterprises, Inc. leased 8,141 SF from CVPropCo. LLC for $342,520 on a 84-month lease. The tenant was represented by Bill Walsh of New Growth Commercial Real Estate and the landlord was represented by Rob Lujan and Jason Simon of Gatski Commercial. The property is located at 3485 Harmon Avenue. Reported monthly rent is $0.50 PSF.
North Las Vegas, 89130
Industrial
Western Autowash Systems leased 5,065 SF from Red Feather Property LLC for $26,400 on a two-year lease. The tenant was represented by Paul Callister of Albright Callister & Associates and the landlord was represented by Peter Janemark of Cushman & Wakefield. The property is located at 3281 N. Decatur Boulevard. Reported monthly rent is $0.22 PSF.
