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July 16, 2018
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Remington Nevada Secures $36 Mil Financing for Completion of Las Vegas Retail Center


Remington Nevada has secured a $36.7 mil loan to refinance the existing debt and finance the remaining construction on its 101k sf Mountains Edge Marketplace retail project in southwest Las Vegas. The new financing, consisting of a $16.6 mil senior secured term loan and a $20.1 mil delayed draw term loan for future construction costs, tenant improvements and leasing costs, was originated by Calmwater Capital.

Mountains Edge Marketplace, anchored by Albertsons, is located at the corner of Blue Diamond Rd and South Buffalo Dr. The property is situated at the entrance to the 14,000-home, Mountains Edge master-planned community, one of the top-selling master-planned communities in the country from 2010 to 2014.

Albertsons opened its 55k sf store in April. Remington Nevada has since secured a variety of regional and national tenants that will open their doors upon the property’s completion. These include Chase Bank, Burger King, Del Taco and Orange Theory Fitness.

The property, covering 21 acres, is slated for final completion in late 2018. It is one of the few grocery-anchored shopping centers to be developed in the immediate area, making it a prime location for junior anchors, shop tenants and restaurants.

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