Monthly Archives: March 2013

Travelodge Ambassador Strip Inn Sold for $3.3 Million

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LVT 106 LLC bought the two-story, 106-room Travelodge Ambassador Strip Inn, on 1.57 acres, at 5075 Koval Lane in Las Vegas for $3,325,000, or $31,367-per-unit, from Jerzy and Celina Kosla. Marcus & Millichap’s Evan D. Griffith represented both the buyer and seller .

Best Rate Referrals Signs 3-Year Office Lease

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Best Rate Referrals signed a 3-year $318,008 lease for 12,657 square feet of office space inside Moneyworld Office Plaza at 8020 W. Sahara Ave. in Las Vegas. Gatski Commercial’s Nick Barber and Jeremy Foley represented the lessor, WCCP I & II Sahara LLC. The reported average rent equals 70 cents per square foot.

Johnny D’s Automotive Building Sold for $304,150

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Axe Ventures LLC bought the 13-year-old 6,000-square-foot Johnny D’s Automotive industrial building, on a 19,166-square-foot lot, at 989 Empire Mesa Way in Henderson for $304,150, or $51-per-square-foot, from EMP & Associates LLC. MDL Group’s Jerry Hagfeldt represented the seller; Newmark Grubb Knight Frank’s Ben Millis represented the buyer.

Opportunity Village Signs $1.3 Million Retail Lease

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Opportunity Village ARC signed a 7-year $1,327,357 lease for 28,119 square feet of retail space inside the 13-year-old Craig Valley Plaza, on 6.51 acres, at 4180 W. Craig Road in North Las Vegas. Newmark Grubb Knight Frank’s Nelson Tressler and Michael Zobrist represented the lessor, Omninet Craig LLC; Prudential Americana Group’s Bill Tomiyasu represented the… Read more »

Mr. Sandwich Joins Rainbow Springs Center

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Mr. Sandwich signed a 5-year $376,474 lease for 2,580 square feet of retail space inside Rainbow Springs Shopping Center at 3565 S. Rainbow Blvd. in Las Vegas. Newmark Grubb Knight Frank’s Nelson Tressler and Michael Zobrist represented the lessor, W & W Partnership; 1st Priority Realty’s Carson Vo represented the lessee. The reported average rent… Read more »

Vegas Valley Plaza Adds New Retail Tenant

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Abe’s Bargain Store signed a 5-year $295,000 lease for 5,460 square feet of retail space inside Vegas Valley Plaza at 2875 S. Nellis Blvd. in Las Vegas. Colliers International’s David Grant represented the lessor, L.D. Nellis LLC. The reported average rent equals 90 cents per square foot.

Grand Montecito Parcel Sold for $295,000

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HCBI Centennial Hills LLC bought a 1.57-acre parcel of site improved medical office land at 6660 Grand Montecito Parkway in Las Vegas for $295,000, or $187,898-per-acre, from Big Teton LLC. Colliers International’s Grant Traub represented the buyer.

Maritz Holdings Joins Desert Canyon Office Park

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Maritz Holdings signed a 3-year $231,480 lease for 3,600 square feet of office space inside the 6-year-old Desert Canyon Office Park, on 8 acres, at 9139 W. Russell Road, Suite 100, in Las Vegas. Colliers International’s Brian Riffel represented the lessee; Commercial Executives’ Bobbi Miracle and Soozi Jones Walker represented the lessor, Johnson, Jacobson &… Read more »

EJM’s Arroyo South Business Center Signs 5-Year Lease

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Hurley & Withington LLC signed a 63-month $176,466 lease for 4,043 square feet of industrial space inside EJM Development Co.’s Arroyo South Business Center, Phase I, at 7060 W. Warm Springs Road, Suite 110, in Las Vegas. Realty One Group’s Andy Bauer and Ron Branson represented the lessee; Colliers International’s Spencer Pinter represented the lessor,… Read more »

LV Corporate Center Signs $3.5 Million Lease

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Derse Inc. signed an 89-month $3,541,859 lease for 133,400 square feet of industrial space, on 13 acres, inside the 10-year-old Las Vegas Corporate Center at 3200 E. Gowan Road, Suite 109-115, in Las Vegas. CB Richard Ellis’ Jeremy Green represented the lessee; Colliers International’s Dan Doherty and Chris Lane represented the lessor, PAR Industrial LLC…. Read more »