Monthly Archives: June 2013

Subway Buys Boulder City Building for $723,000

.

Subway bought a 2,492-square-foot former KFC standalone building, on 0.79 acres, at 1620 Nevada Highway in Boulder City for $723,800, or $290-per-square-foot, from L&B Holdings LLC. Colliers International’s Scot Marker represented the seller.

Westech Business Center II Renews Tenant Lease

.

Discount Retail Store Services Co. signed a 26-month $457,562 lease renewal for 20,300 square feet of industrial space Westech Business Center II at 5075 W. Diablo Drive, Suites 200 and 201, in Las Vegas. Colliers International’s Mike DeLew and Greg Pancirov represented the lessor, Cable Investments – Diablo LP. The reported average rent equals 87… Read more »

Green Valley Corporate Center Signs $667,725 Lease

.

Driggs Title Agency signed a 91-month $667,725 for 3,724 square feet of Class-A office space inside Green Valley Corporate Center at 2360 Corporate Circle Henderson. Colliers International’s Taber Thill represented the lessee. The reported average rent equals $1.97-per-square-foot triple-net.

Action Messenger Service Signs $478,329 Lease

.

Action Messenger Service signed a 63-month $478,329 lease for 14,904 square feet of industrial space inside the Ponderosa Business Center at 3555 Ponderosa Way, Suite D, in Las Vegas. Voit Commercial Real Estate Services’ Garrett Toft represented the lessee; Colliers International’s Spencer Pinter represented the lessor, JEMCO Properties. The reported average rent equals 51 cents… Read more »

Hot Dog on a Stick Signs 5-Year Lease

.

Hot Dog on a Stick signed a 5-year $183,600 lease for 1,700 square feet of restaurant space inside Red Rock Plaza at 5181 W. Charleston Blvd. in Las Vegas. Sun Commercial Real Estate’s Mica Berg and Jeff Berg represented the lessor, TME Red Rock Plaza LLC. The reported average rent equals $1.80 per square foot.

McLeod Business Centre Adds Tenant

.

Eastpoint Recovery Group signed a 24.5-month $62,000 lease for 2,593 square feet of office space inside the 8-year-old McLeod Business Centre, on 0.68 acres, at 6290 S. McLeod Drive, Suite 100, in Las Vegas. Commercial Executive’s Soozi Jones Walker and Bobbi Miracle represented the lessor, Blue Diamond/Ft. Apache Investments; aEON Real Estate’s Andrew Corwin represented… Read more »

Sunshine Minting Joins Pearl Court Industrial Center

.

Sunshine Minting Inc. signed a 65-month $543,979 lease for 20,079 square feet of industrial space inside EJM Development Co.’s Pearl Court Industrial Center at 3649 E. Post Road in Las Vegas. Colliers International’s Greg Pancirov and Mike DeLew represented the lessee; Colliers International’s Spencer Pinter represented the lessor, Post & Pearl Properties LLC. The reported… Read more »

Sage Insurance Signs 3-Year Office Lease

.

Sage Insurance Services Inc. signed a 3-year $71,478 lease for 2,090 square feet of office space inside Cimarron Executive Park at 1081 Cimarron Road, Suites B-5 and B-6, in Las Vegas. Avison Young’s Chris Lexis and Joe Leavitt represented the lessee; Cushman & Wakefield-Commerce’s Pete Janemark represented the lessor, CIMM 81 LLC. The reported average… Read more »

Southern Palms Office Condo Sold for $115,175

.

Alice Burns bought a 1,355-square-foot office condo inside Southern Palms, on 2.68 acres, at 6090 South Fort Apache Road, Suite 105, in Las Vegas for $115,175, or $85-per-square-foot, from Ritaveh, LLC. Newmark Grubb Knight Frank’s Mike Hsu represented the seller; Avison Young’s Brandon McCool represented the buyer.

CB Richard Ellis Hires Heather Lambert

.

CB Richard Ellis’ Las Vegas office named Heather Lambert a senior real estate manager with its Asset Service Group. She most recently worked for Avison Young.