Monthly Archives: June 2012

NAI Las Vegas Hires Tom Elkington

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NAI Las Vegas has hired Tom Elkington as vice president. He will specialize in industrial sales and leasing, focusing on the North Las Vegas submarket. Elkington most recently served as a senior with associate with Cushman & Wakefield-Commerce Real Estate Solutions.

Henderson REO Office Building Sold for $850,000

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Horizon 888 LLC bought 13,410 square feet inside the 13-year-old Horizon Drive Office Complex, on 1.22 acres, at 220 E. Horizon Drive in Henderson for $850,000, or $63 per square foot, from the Southwest USA Bank, which was acting as receiver for the FDIC. DJT Real Estate Co.’s Daniel Tuntland represented the seller.

Diamond Motorsports Signs 40-Month Lease

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Diamond Motorsports signed a 40-month $67,100 lease for 3,050 square feet of industrial space inside the 26-year-old Valley View Russell Commerce Center, on 1.78 acres, at 5725 S. Valley View Blvd., Ste. 4, in Las Vegas. Colliers International’s Pat Marsh represented the lessor, Valley View-Russell, LLC. The reported average reported rent equals 55 per square… Read more »

Sunpac Industrial Park Renews Lease

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Clean Edge Printing signed a 3-year $55,998 lease for 5,500 square feet of industrial space inside the 14-year-old Sunpac Industrial Park, on 0.30 acres, at 300 Sunpac Court in Henderson. New Growth Commercial’s Bridget Richards represented the lessee; Colliers International’s Chris Connell represented the lessor, Adrian and Roberta Licciardi. The reported average rent equals 28… Read more »

Airborne Veterans Services Signs Industrial Lease

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Airborne Veterans Services signed a 2-year, $52,044 lease for a 9-year-old, 6,800-square-foot industrial building, on 0.33 acres, at 779 Middlegate Road in Henderson. Colliers International’s Chris Connell represented the lessor, Synergy Properties Inc. The reported average rent equals 32 cents per square foot triple net.

Spanish Vista Professional Center Signs Lease

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MAF LLC signed a 1-year, $32,886 lease for 3,045 square feet of office space inside the 13-year-old Spanish Vista Professional Center at 4955 S. Durango Drive, Ste. 215-216, in Las Vegas. Colliers International’s Chris Connell represented the lessor, WJA Properties, LLC and Gold Pac Capital, LLC. The reported average rent equals 90 cents per square… Read more »

The Korte Co. Hired to Build Children’s Museum

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The Korte Co. has been hired to build the three-story, 54,000-square-foot Lied Discovery Children’s Museum inside the Smith Center in downtown Las Vegas. The $5 million tenant improvement will create nine distinct exhibition areas including an eight-level atrium tower that allows children to explore and climb through the roof of the facility to an observation… Read more »

Augusta Park Adds Tenant

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Whalen Private Wealth signed a 38-month, $39,900 lease for 1,126 square feet of office space inside the 11-year-old Augusta Park, on 7 acres, at 1481 W. Warm Springs Road in Henderson. Commercial Executive’s Soozi Jones Walker and Bobbi Miracle represented the lessor, TIH Augusta Park LLC; Grubb & Ellis’ Michael Hsu represented the tenant. The… Read more »

REO Office Building Sells for $1.25 Million

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Patricia Iwamoto and Steven Yet Mun Yee bought an 8-year-old, 21,850-square-foot office building, on 1.85 acres, at 2690 N. Decatur Blvd. in Las Vegas for $1,250,000, or $57 per square foot, from Centennial Bank. Colliers International’s Rebecca Wachter represented the buyer; C Squared Real Estate Service’s Paul Chaffee represented the seller.

Pacific Business Center Signs $831,997 Lease

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Spreadshirt signed a 65-month, $831,997 lease for 36,000 square feet of industrial space inside Pacific Business Center at 1100 Mary Crest Road in Henderson. Colliers International’s Dan Doherty and Chris Lane represented the lessee; Voit Real Estate Services’ Garrett Toft represented the lessor, Northwest Mutual Life Insurance Co. The reported average rent equals 36 cents… Read more »