Monthly Archives: May 2014

Hookah Lounge Signs 7-Year LV Lease

.

Hookah Lounge signed a 7-year $341,917 lease for 2,975 square feet of retail space inside Francisco Center at 3240 S. Eastern Avenue in Las Vegas. Newmark Grubb Knight Frank’s David Lipp and Chris Godino represented the lessor, Weingarten Nostat Inc.; Vanquish Realty’s Arlene Williams represented the lessee. The reported average rent equals $1.37 per square… Read more »

Las Vegas Carl’s Jr. Fast-Food Pad Leased

.

First Cup Las Vegas Spring Mountain & Durango LLC signed a 5-year $343,116 lease for a former 3,177-square-foot Carl’s Jr., on 0.55 acres, at 3481 S. Durango Dr. in Las Vegas. Newmark Grubb Knight Frank’s Chris Godino and David Lipp represented the lessor, S. Larson Family LP; Newmarket Advisors’ Johanna Smith represented the lessee. The… Read more »

Henderson’s Elysian Parc Sold for $26 Million

.

Hamilton Zanze & Company bought the 164-unit Elysian Parc at 1651 American Pacific Drive in Henderson for $26 million, or $158,537-per-unit, from The Calida Group. Newmark Grubb Knight Frank’s Doug Schuster, Curt Allsop, Vittal Ram, and Kara Walker represented the seller.

Is Vegas Back, Baby?

.

Probably not, but here are three good things: Nevada jobless rate down to 8%, Las Vegas at 7.4% (Notably, the state added 42,700 private-sector jobs in the first four months of 2014, up 4.3 percent from the same period last year. Overall, the Nevada job base gained 3.8 percent year-over-year in April.) Las Vegas Convention… Read more »

Kentucky Fried Chicken Sold for $1.8 Million

.

WTS Investments LLC bought a 2,900-square-foot Kentucky Fried Chicken, on 0.62 acres, inside the 10-year-old Desert Palms Plaza at 4855 S. Fort Apache Road in Las Vegas for $1,795,000, or $619-per-square-foot, from Desert Palms Partners. Virtus Commercial’s Chris Emanuel represented the buyer and seller.

Sherdian Warehouse Sold for $1.05 Million

.

Landale US Holdings LP and Crown Real Estate LP bought a 49-year-old 13,500-square-foot warehouse, on 1.75 acres, at 3058 Sheridan St. in Las Vegas for $1.05 million, or $78-per-square-foot, from Isabel Quiroga. Colliers International’s Dan Doherty, Susan Borst, Chris Lane, and Jerry Doty represented the buyer; Gatski Commercial’s Ric Rushton.

Aero Liquidations Signs $392,752 Speedway Lease

.

Aero Liquidations signed a 3-year $392,752 lease for 37,941 square feet of industrial space inside Harsch Investment Properties’ Speedway Commerce Center at 6875 Speedway Blvd. in Las Vegas. Gatski Commercial’s Rob Lujan and Jason Simon represented the lessor, Speedway Commerce LLC. The reported average rent equals 29 cents per square foot.

American Pacific Center Adds New Tenant

.

Jump N Jungle signed a 3-year $100,145 lease for 5,400 square feet of industrial space inside American Pacific Center at 980 American Pacific Dr., Suite 107, in Henderson. Voit Real Estate’s Jennifer Levine represented the lessee; Crown Point Realty’s Gidget Graham represented the lessor, Davric Corp. The reported average rent equals 52 cents per square… Read more »

Super Cuts Signs 64-Month Henderson Lease

.

Super Cuts signed a 64-month $102,960 lease for 1,300 square feet of retail space inside Horizon Place at 209 Stephanie St., Suite A, in Henderson. ROI Commercial represented the lessee; Voit Real Estate’s Robin Civish and Lauren Tabeek represented the lessor, Aljos LLC. The reported average rent equals $1.24 per square foot.

Latino’s Furniture Signs 3-Year Lease Renewal

.

Latino’s Furniture signed a 3-year $34,560 lease renewal for 1,200 square feet of retail space inside Stewart Square at 235 N. Eastern Avenue, Suite 110, Las Vegas. Virtus Commercial’s Chris Emanuel and Kammy Bridge represented the lessor, Partch-Lebovitz and Lebovitz Family Trusts. The reported average rent equals 80 cents per square foot.