The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
July 6, 2020
 Search RENTV
 Video Programs
News Home Page
Southern California
Northern California
Pacific Northwest
Prop. Management
Press Releases
 R. E. Marketplace
Service Providers
Property Spotlight
 RENTV  Conferences
Subscriber Login:
Forgot Password?

ETC... ETC...
Printer-friendly Version   Email an Associate
Big Lots Center in Las Vegas Trades for almost $13 Mil


Craig Promenade, an 81.1k sf, Big Lots anchored neighborhood shopping center in North Las Vegas, was purchased for $12.9 mil ($159/sf) by Tulsa, OK-based Liberty Crossing Apartments LLC, an entity formed by Precision Equity. The asset was sold by RREF-II KI Promenade, an entity of Rialto Capital Advisors.

Craig Promenade is located at 655-755 W. Craig Rd, at the southeast corner of Craig and Revere St. Spanning 7.6 acres, the center is currently 84.8% leased to a complimentary collection of tenants led by Big Lots and several other retailers including Salvation Army.

Michael Hackett and Ryan Schubert of Cushman & Wakefield’s Phoenix office, along with Lauren Tabeek of the Cushman & Wakefield’s Las Vegas office, negotiated the transaction on behalf of the seller.

Craig Road is one of the main retail corridors in the North Las Vegas trade area. Craig Promenade is situated in a high-growth area of North Las Vegas with several new developments being recently added or currently under construction along the Craig Road corridor. There has also been an influx of single family residential and multifamily developments, fueled by job growth and new opportunities.

Return to the Archive page




Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2020 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media