The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
March 29, 2024
 Search RENTV
   Go!
 The REview
 News
News Home Page
Southern California
Northern California
Pacific Northwest
Texas/Southwest
Retail
Multifamily
Financing
Prop. Management
Archives
Press Releases
 R. E. Marketplace
Service Providers
JobWorks
Property Spotlight
 RENTV  Conferences
Subscriber Login:
  
Email      
    Go!
Password      
Forgot Password?



HOME PAGE NEWS
Printer-friendly Version   Email an Associate
Grocery-Anchored Center in Vegas Trades for $63.5 Mil

8/11/17

LaSalle Investment Management purchased Montecito Marketplace, a 190.4k sf, Smith’s-anchored neighborhood shopping center in Las Vegas, NV, for $63.55 mil ($334/sf). The seller was Brixmor.

Montecito Marketplace is situated on 18.7 acres at the southeast corner of Durango Dr and Elkhorn Rd. The property is 98.6% leased to national, regional and local tenants led by a top-tier Smith’s Food & Drug and TJ Maxx.

Michael Hackett and Ryan Schubert with Cushman & Wakefield represented Brixmor in the deal.

Smith’s is part of Kroger, which is the country’s largest supermarket chain and the second-largest general retailer, behind Walmart. Smith’s recently renovated and expanded this location and purchased the Smith’s Fuel (NAP), which further enhanced the value of the property.





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 © 2024 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media