NAIOP Newsbites

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Company: Oakview Construction, Inc.
Transaction: $30,000
Posted: Nov, 2003
Oakview Construction, Inc. is proud to announce the project completion for Pyro-Tek, a special effects showcase and design team. The office and showroom improvements were completed in late October 2003. The office is located on Post Road in Las Vegas. The contract value was approximately $30,000.

Company: Business Properties Group
Transaction: $340,637
Posted: Nov, 2003
Ross Burnett of Business Properties Group negotiated a 60-month, 2,400 square-foot lease. The retail property, located in the Stephanie Promenade at 205 N. Stephanie St., Suites A and B, was leased to Art and Framing Shop. Eric Berggren of Grubb and Ellis represented the lessee. The transaction was valued at approximately $340,637.

Company: Centra Properties, LLC
Transaction: $1,290,132
Posted: Nov, 2003
Dan Doherty, SIOR, of Colliers International, represented Centra Properties, LLC in the lease of approximately 60,000 square-feet of warehouse/distribution space to R.C. Willey Home Furnishings. The property is located at the CENTRA Craig Distribution Center at 4390 Floosmoor Street, Suite 100 in Las Vegas. The 5 year, 4 months lease is valued at $1,290,132.

Company: Colliers International
Transaction: $4,677,000
Posted: Nov, 2003
Scott Gragson, John Kilpatrick and Robert Torres of Colliers International represented Las Vegas Commercial, LLC et al in the sale of 8.81 acres to GKT 4, LLC. The property is located at the northeast corner of Montessouri and Warm Springs. The transaction was valued at $4,677,000.

Company: Colliers International
Transaction: $644,352
Posted: Nov, 2003
Dan Doherty,SIOR, and Brian Pankratz of Colliers International represented Harsch Investment Properties-II, LLC in the 63-month lease of 31,120 acres to Quality Corrections & Inspections. The property is located at 882 American Pacific Drive, Suite A, in Henderson. Rodney Tucker and Perry Muscelli of Cushman and Wakefield represented the lessee. The transaction is valued at $644,352.

Company: Colliers International
Transaction: $437,000
Posted: Nov, 2003
David Grant and Scot Marker of Colliers International represented Sywest Development in the 7-year, 3,900 square-foot lease to Chong and Yvonne Park. The property is located at 4860 W. Desert Inn Rd., #4 in Las Vegas. The transaction is valued at $437,000.

Company: Colliers International
Transaction: $174,184
Posted: Nov, 2003
Tom Stilley, Lizz Schafer and Taber Thill of Colliers International represented The Howard Hughes Corporation in the 2-year, 2,804 square-foot lease to Bonotel Exclusive Travel. The property is located at 3930 Howard Hughes Pkwy., Ste. 100 in Las Vegas. The transaction is valued at $174,184.42.

Company: Colliers International
Transaction: $1,052,000
Posted: Nov, 2003
The Industrial Team of DeLew, Pinter and Pancirov of Colliers International represented 3615 Spring Mountain Parners, Ltd. in the 124-month, 9,540 square-foot lease to All Pro Paint & Body. The property is located at 3615 E. Spring Mountain Rd. in Las Vegas. The transaction is valued at $1,052,000.

Company: Voit Commercial Brokerage
Transaction: $410,000
Posted: Nov, 2003
Kevin Higgins and Kyle Eigenman of Voit Commercial Brokerage represented A & P Buildings, LLC in the sale of a 4,090 square-foot property to M & K Investment Properties, LLC. The property is located at 3922 Octagon Road in North Las Vegas. The transaction is valued at $410,000.

Company: Voit Commercial Brokerage
Transaction: $140,000
Posted: Nov, 2003
Kevin Higgins and Kyle Eigenman of Voit Commercial Brokerage represented A & P Land, LLC in the sale of a 20,570 square-foot property at 3912 Octagon Road in North Las Vegas to M & K Investment Properties, LLC. The transaction is valued at $140,000.