Monthly Archives: July 2012

ESPN Signs 5-Year Las Vegas Office Lease

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Cable sports network ESPN recently signed a 5-year $193,000 lease for 2,100 square feet of office property inside the 5-year-old Pebble Place Business Center at 2140 Pebble Road, Suite 200, in Las Vegas. Colliers International’s Suzette LaGrange represented the lessor, CVK, LLC; Voit Real Estate’s Jayne Cayton represented the lessee. The reported average rent equals… Read more »

Honeywell Extends Oasis Business Park Lease

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Honeywell International signed a 42-month, $57,408 lease for 1,840 square feet of office property inside the 15-year-old Oasis Business Park, on 1.65 acres, at 4880 W. University Ave. in Las Vegas. Colliers International’s Taber Thill represented the lessee; Cushman & Wakefield-Commerce’s Dana Berggren represented the lessor, 27-166 Oasis Business Park Holdings LLC. The reported average… Read more »

Wells Fargo Advisors Extends Hughes Center Lease

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Wells Fargo Advisors signed a 77-month lease for 7,064 square feet of Class-A office space inside Hughes Center at 3753 Howard Hughes Parkway in Las Vegas. Voit Real Estate’s Jayne Cayton represented the lessee; Colliers International’s Tom Stilley, Lizz Stilley, Ryan Martin, and Patti Dillon represented the lessor, Crescent Real Estate Equities.

Koll Business Center Signs Lease

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Rowley Company signed a 2-year, $84,132 lease for 6,624 square feet of industrial space inside the 12-year-old Koll Business Center, on 40 acres, at 6265 S. Valley View Blvd., Suite F, in Las Vegas. Cushman & Wakefield-Commerce’s Amy Ogden represented the leasee; Colliers International’s Spencer Pinter represented the lessor, Valley View I, II & III,… Read more »

Bonnie Plants Signs Lease Extension

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Bonnie Plants signed a 1-year, $18,260 for 3,459-square feet of industrial space inside Valley Freeway Centre, Phase III, at 7715 Commercial Way, Suite 135, in Las Vegas. Colliers International’s Greg Pancirov and Mike De Lew represented the lessor, VFC III, LLC. The reported average rent equals 44 cents per square foot triple net.

Jimmy Johns Joins Sunset Retail Center Lease

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Jimmy Johns Gourmet Sandwiches signed a 5-year, $235,008 lease for 1,632 square feet of freestanding retail space inside the 9-year-old Sunset Retail Center, on 1.2 acres, at 1321 W. Sunset Road in Henderson. Cushman & Wakefield-Commerce’s Todd Manning and Dan Hubbard represented the lessor, Sunset La Mesa Partners LLC; NewMarket Advisors’ Robert Touma represented the… Read more »

Cheyenne Fairways Center Sold for $4.5 Million

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Arsenault Holdings LLC bought the 5-year-old, 55,022-square-foot Cheyenne Fairways Business Center, on 4.58 acres, at 8660-8670 W. Cheyenne Ave. in Las Vegas for $4,460,000, or $81 per square foot, from S.A. Group Properties. Cushman & Wakefield-Commerce’s Michael Dunn represented the seller; Cushman & Wakefield-Commerce’s Art Farmanali represented the buyer.

U.S. Army Joins Adobe Springs Plaza

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The U.S. Army signed a 5-year, $427,500 lease for 5,700 square feet of retail space inside the 7-year-old Adobe Springs Plaza, on 2.32 acres, at 1331 W. Warm Springs Road, Suite 160, in Henderson. Cushman & Wakefield-Commerce’s Todd Manning and Dan Hubbard represented the lessor, Bruce Watters and Carol Hibinder. The reported average rent equals… Read more »

Destination XL Store Sells for $5.5 Million

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Hurd Nevada LLC bought the 14-year-old, 13,233-square-foot Destination XL store, on 1.35 acres, at 4211 Paradise Road in Las Vegas for $5.5 million, or $416 per square foot, from Durpat LLC. Faris Lee Investments’ Rob Moore, Lisa Brady and Katie Brase represented the seller. The standalone building is triple-net leased by the large and tall… Read more »

JCH Wholesale Electric Building Sells for $2 Million

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Block Data Center bought the 50,000-square-foot JCH Wholesale Electric building, on 5.06 acres, at 4527 Losee Road in North Las Vegas for $2 million, or $40 per square foot, from Thunder Gulch LP. Colliers International’s Tom Naseef represented the seller.