Las Vegas — Play Social Inc. has opened a 15,000-square-foot Play Playground venue at the Luxor Hotel & Casino in Las Vegas. The facility features 20 games and attractions for adults. Ticket prices begin at $37.
Las Vegas — The Cooper Commercial Investment Group has arranged the $2.3 million sale of a single-tenant retail property located in Las Vegas. AutoZone occupies the building, which is situated on an outparcel to a Walmart-anchored shopping center. Dan Cooper of Cooper Commercial represented the seller, a Florida-based private investment group, in the transaction. AutoZone recently signed a new 15-year lease, with roughly 14 years remaining.
Henderson, Nev. — LOGIC Commercial Real Estate has arranged the sale of Emerald Island and Rainbow Club Casino in downtown Henderson. An affiliate of ECL Water Street LCC, a Las Vegas-based company with 45 properties in three states, acquired the properties from Tim Brooks for an undisclosed price. The buyer company is led by Ron Winchell and Marc Falcone. Tim Brooks, former owner, will continue overseeing both properties’ day-to-day operations as general manager. Comprising approximately 2.7 acres, the portfolio features a combined gaming machine count of approximately 768 and each property …
North Las Vegas, Nev. — Shake Shack has opened a new drive-thru restaurant in North Las Vegas, roughly 3 miles outside Las Vegas. This marks the first drive-thru for Shake Shack in Nevada and the fifth location for the brand in the state. Shake Shack’s presence in the United States currently includes more than 320 restaurants across 33 states.
Las Vegas — Calmwater Capital has provided a $23.3 million loan for the acquisition of Decatur 215, a 126,678-square-foot shopping center located in Las Vegas. An entity doing business as Decatur Palm Plaza LLC was the borrower. Tenants at the property, which was fully leased at the time of financing, include Petco, Hobby Lobby, Ulta Beauty, Sprouts Farmer’s Market, Sleep umber and Blaze Pizza. Zachary Novatt, Larry Grantham and DaJuan Bennett of Calmwater Capital originated the financing.
Henderson, Nev. — CTO Realty Growth has sold Eastern Commons, a 129,600-square-foot shopping center located in Henderson, roughly 15 miles outside Las Vegas. An undisclosed buyer acquired the property for $18.2 million. The seller plans to utilize proceeds from the sale in a 1031-exchange transaction.
Las Vegas — Brixton Capital has sold Decatur 215, a 126,678-square-foot retail center located in Las Vegas. Tenants at the center, which was fully leased at the time of sale, include Petco, Hobby Lobby, Ulta Beauty, Sprouts Farmer’s Market, Sleep Number and Blaze Pizza. An entity doing business as Decatur Palm Plaza LLC acquired the property for an undisclosed price. Lucescu Realty represented the buyer, and Brixton Capital was represented on an internal basis.
Las Vegas — Newcastle Properties has purchased a 90,373-square-foot retail center located in the Summerlin area of Las Vegas. Whole Foods Market anchors the property. Other tenants at the center include Five Guys Burgers and Fries, Blaze Pizza, Firehouse Subs and FedEx Office.
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The Picklr to Open 80 New Venues in 11 States
Kaysville, Utah — Utah-based indoor pickleball brand The Picklr will open 80 new venues across eleven states, including Arizona, Colorado, Florida, Georgia, Illinois, Minnesota, Nevada, Tennessee, Texas, Utah and Wyoming. The facilities will be opened in partnership with 13 new franchisees. “With seven corporate owned facilities, our first-mover advantage has undeniably led to a high level of interest from well capitalized candidates across the entire country,” says Scott Schubiger, chief growth officer of The Picklr.
Henderson, Nev. — Diversified Partners is underway on the construction of a 2,573-square-foot single-tenant building located in Henderson, roughly 16 miles outside Las Vegas. Scheduled for completion later this month, the property will be occupied by Starbucks Coffee and feature a 900-square-foot outdoor patio space. The project team includes Kitrell Jenson Contractors and RKAA Architects.