NAIOP Newsbites

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Company: Burke & Associates
Transaction: $11,000,000
Posted: Feb, 2004
Tony Dazzio, Vice President of Burke & Associates, announced that Burke & Associates has completed Winchell's Pub and Grill; its first portion of Simmons Marketplace, a substantial retail center located in North Las Vegas, on the southwest corner of Ann Road and Simmons. The overall project will have a cost of approximately $11,000,000 when the entire center reaches completion, which is currently scheduled for the summer of 2004. The Winchell's Pub and Grill is 6,500 square feet and has themed gaming, a full service restaurant and a lounge facility.

Company: CENTRA Properties
Transaction: $0
Posted: Feb, 2004
James Stuart, founding partner of CENTRA Properties, LLC, has announced the appointment of Miriam Kraemer to property manager. In her new position, Kraemer will handle all aspects of property management for the firm including preparing operating budgets, coordinating building services and maintenance.

Company: Colliers International
Transaction: $3,605,000
Posted: Feb, 2004
The Industrial Team of DeLew, Pinter and Pancirov of Colliers International represented Silverado Business Park II, LLC in the sale of 70,000 square feet of space to AFD Realty, LLC, represented by Dean Willmore of Industrial Property Group. The property is located at 4150 North Pecos Road #C. The transaction is valued at $3,605,000.

Company: Colliers International
Transaction: $551,092
Posted: Feb, 2004
Daniel J. Doherty, SIOR, Brian Pankratz and Stacy Dinkel of Colliers International represented Harsch Investment Properties in a 62-month lease of 30,224 square feet of space to BNLS Inc., dba Vegas Trucking. The property is located at 3131 Sunrise Ave. The transaction is valued at $551,092.

Company: Colliers International
Transaction: $210,050
Posted: Feb, 2004
Tom Stilley, Lizz Schafer and Taber Thill of Colliers International represented The Howard Hughes Corporation in a 49-month lease of 1,630 square feet of space to Litigation Document. The property is located at 3800 Howard Hughes Parkway #110. The transaction is valued at $210,049.95.

Company: Colliers International
Transaction: $1,300,000
Posted: Feb, 2004
Tom Stilley, Lizz Schafer and Taber Thill of Colliers International represented L & D, LP in the purchase of 48,738 square feet of space from CEDCO, represented by Jodi Davis of Custom Realty. The property is located at 7210 Placid Street. The transaction is valued at $1,300,000.

Company: Colliers International
Transaction: $450,000
Posted: Feb, 2004
Scott Gragson, John Kilpatrick and Robert Torres of Colliers International represented GKT 4, LLC in the purchase of 1.34 acres of land from Decatur Ltd. The property is located at the northeast corner of Decatur Blvd. and Post Rd. The transaction is valued at $450,000.

Company: Colliers International
Transaction: $2,985,580
Posted: Feb, 2004
The Industrial Team of DeLew, Pinter and Pancirov of Colliers International represented EJM Development Company in a 84-month lease of 65,270 square feet of space to Airborne Express, Inc. represented by Curtis Sanders of NAI Horizon. The property is located at 6180 S. Pearl Street #A,B and C. The transaction is valued at $2,935,580.

Company: Grubb & Ellis
Transaction: $1,353,147
Posted: Feb, 2004
Linda Wischmeyer and Marjie Christensen of Grubb & Ellis represented Vegan Properties, Inc. in a 5-year lease of 12,143 square feet of space to Travelers Indemnity Company, represented by Kevin Mechelke of Cushman & Wakefield. The property is located at 1850 E. Flamingo Rd. #200,202 and 203. The transaction is valued at $1,353,146.68

Company: Industrial Property Group
Transaction: $2,012,875
Posted: Feb, 2004
IPG Industrial Property Group's Dean Willmore and Bill Walsh represented both parties in Unit Chemical Co.'s purchase of a 28,054 square foot office/warehouse building located at 7360 Commercial Way in Henderson from the seller, Magnum Opus Development Co. The total value of the transaction was $2,012,875