Monthly Archives: August 2013

Henderson Office Short Sale Nets $450,000

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FR & Associates bought a 7-year-old 4,220-square-foot office building, on 0.35 acres, at 1050 Wigwam Parkway in Henderson for $450,000, or $107-per-square-foot, from B R2 W Traverse II 9 LLC. Fortis Commercial Advisors’ Dana Souter represented the seller. .

ProLogis Invests Over $100 Million in Las Vegas Market

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ProLogis has invested over $100 million into the Southern Nevada market for real estate acquisitions and construction year-to-date, the company said today during a presentation at SIOR’s membership meeting. ProLogis currently has 57 customers in 18 buildings for a combined 3.58 million square feet in Southern Nevada. The company’s local portfolio was 90% leased at the end… Read more »

Avon Products Signs 1-Year Office Lease

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Avon Products Inc. signed a 1-year $51,480 lease for 2,880 square feet of office space inside the Jones Post Business Center, on 1.7 acres, at 6325 S. Jones Blvd. Suite 200, in Las Vegas. Commercial Executives’ Soozi Jones Walker and Bobbi Miracle represented the lessor, Post Jones LLC. The reported average rent equals $1.49 per… Read more »

Warm Springs Business Center Signs Lease

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Twaney Waner signed a 25-month $54,081 lease for 3,368 square feet of industrial space inside EJM Development Co.‘s Warm Springs Business Center, Phase I, at 7140 Dean Martin Drive, Suite 500, in Las Vegas. Colliers International’s Spencer Pinter represented the lessor, WSL Properties LLC. The reported average rent equals 64 cents per square foot triple net.

Sansone Pecos 215 Adds Tenant

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JSA Healthcare Nevada signed a 5-year $330,891 lease for 4,746 square feet of office space inside Sansone Pecos 215 II at 9077 S. Pecos Road, Suite 3800, in Henderson. Cushman & Wakefield-Commerce’s Dan Palmeri and Mike Dunn represented the lessee; CB Richard Ellis’ Randy Broadhead represented the lessor, CW Capital Asset Management. The reported average… Read more »

Moveline Group Signs $110,857 Lease Renewal

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Moveline Group signed a 2-year $110,857 lease renewal for 3,600 square feet of office space inside the 50-year-old Hofland Law Building, on 0.17 acres, at 228 S. 4th St., Suite 100, in Las Vegas. Jones Lang LaSalle’s Bret Davis represented the lessee; Cushman & Wakefield-Commerce’s Monty Montierth and Pete Janemark represented the lessor, 228 S… Read more »

Silverado Crossing Signs $153,000 Lease

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SVIP Footspa signed a 63-month $153,000 lease for 1,500 square feet of retail space inside the 7-year-old Silverado Crossing, on 2.04 acres, at 430 E. Silverado Ranch Blvd., Suite 125, in Las Vegas. Cushman & Wakefield-Commerce’s Dan Hubbard and Todd Manning represented the lessor, Silverado Partners Ltd. The reported average rent equals $1.62 per square… Read more »

Hughes Center Renews Tenant Lease

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Cooksey, Toolen, Gage, Duffy and Woog signed a 39-month lease renewal for 6,216 square feet of Class-A office space inside the 68-acre Hughes Center master-planned mixed-use business park at 3930 Howard Hughes Parkway in Las Vegas. MDL Group’s Jarrad Katz represented the lessee; Colliers International’s Tom Stilley, Lizz Stilley, Ryan Martin, and Patti Dillon represented the lessor, Crescent… Read more »

ROI Commercial Hires Deron Conway

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ROI Commercial Real Estate named Deron Conway executive vice president.  He previously worked for Weingarten Realty, Focus Property Group and Territory Inc.

PENTA Names Michael Corbett Finance Director

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PENTA Building Group named Michael Corbett director of finance and corporate services. He will oversee the company’s safety, risk management, finance, accounting, information technology and human resources departments. Corbett previously served as the chief financial officer of William A. Berry & Son Inc.