Las Vegas — Marcus & Millichap has brokered the sale of a 35,998-square-foot, two-tenant retail property located in Las Vegas. Built in 1977, the former OfficeMax building is now occupied by luxury consignment store The Purple Chandelier and Bodega Furniture. Candace Bare of Marcus & Millichap represented the buyer, Merra Cordier, a local entrepreneur and owner of The Purple Chandelier. Merra Cordier purchased the property from an ownership group that included former Nevada Lt. Gov. Lorraine Hunt Bono.
Nevada
Conshohocken, Pa. — Conshohocken, Pennsylvania-based CenterSquare Investment Management has acquired four shopping centers in four states. The portfolio includes Trade Court Shoppes Add-On, a fully leased, 14,721-square-foot retail center in Charlotte, North Carolina; Deer Valley Shoppes, a 17,000-square-foot retail strip center in Phoenix; Lake Mead Gateway Plaza, a fully leased, 19,671-square-foot shopping center in Henderson, Nevada; and The Shops at Foothills Mall, a 111,220-square-foot retail center in Fort Collins, Colorado. Together, the shopping centers span more than 162,000 square feet and were 93 percent occupied at the time of sale.
Brixton Capital Acquires Las Palmas Village Shopping Center in Las Vegas for $29.4 Million
Las Vegas — Brixton Capital has purchased Las Palmas Village, a 106,838-square-foot shopping center in Las Vegas, from Australia-based Cop Group for $29.4 million. Vons anchors Las Palmas Village, which was 95 percent occupied at the time of sale. Additional tenants include Starbucks Coffee, Wells Fargo, Pizza Hut, The UPS Store and Taco Bell. Brixton plans to implement a capital improvements program, with renovations such as landscaping, new paint, roof repairs, HVAC and parking lot resurfacing upgrades. Dan Tyner, Gleb Lvovich and Geoff Tranchina of JLL represented the seller, while …
Lucescu Realty Negotiates $38.6 Million Sale of Peccole Plaza Shopping Center in Las Vegas
Las Vegas — Lucescu Realty has arranged the sale of Peccole Plaza, a 161,978-square-foot shopping center located in Las Vegas. Peccole Enterprises sold the property to a privately held, Las Vegas-based development and investment company for $38.6 million. Peccole Plaza is fully leased to a variety of tenants including Kohl’s, Guitar Center, Golf Galaxy, Walgreens, Jack in the Box, Dotty’s, Green Valley Grocery and Desert Orthopaedic. Mark Lucescu and Tanner Englelage of Lucescu Realty represented the seller and procured the buyer in the transaction.
Las Vegas — CenterSquare Investment Management and funds managed by Hamilton Lane have announced a partnership to recapitalize Tenaya Village, a 49,554-square-foot retail strip center located in Las Vegas. Hamilton Lane is now the property’s majority investor, with CenterSquare retaining a minority stake. Spanning five buildings, Tenaya Village features a mix of tenants including Capriotti’s Sandwich Shop, Starbucks Coffee, Timbers Bar & Grill, Frijoles & Frescas and Wingstop. CenterSquare has owned the center since 2022.
Belmar, N.J. — Belmar, New Jersey-based Playa Bowls, a fast-causal restaurant chain that specializes in açai bowls, smoothies and fruit juices, has signed three multi-unit franchise agreements spanning Nevada, South Carolina and Missouri. Husband-and-wife teams Justin and Hannah Kirkland, alongside Craig and Diana Kirkland, will own and operate 10 restaurants in Southern Nevada. Brittany and Jeff Ciaramita have signed a five-unit development agreement in Missouri, marking the brand’s introduction to the state. Potential locations include Ladue, Central West End, Creve Coeur, Town and Country and Chesterfield, with the first location …
Nevada — Chicken Salad Chick has signed a franchise agreement to open six new restaurants in Southern Nevada, marking the brand’s first entry into the state. Husband and wife Mark and Cayla Rubalcaba will own and operate the restaurants, while Anton Nikodemus will serve as a strategic partner in the development efforts. In addition to Nevada, Chicken Salad Chick has recently opened its development pipeline to other states such as New Jersey, New York, Utah and Arizona. In 2025, Chicken Salad Chick signed nearly 100 restaurant deals, with 42 openings …
Vestar Signs Leases With Three New Tenants at Tivoli Village at Queensridge in Las Vegas
Las Vegas — Vestar has signed three new leases at Tivoli Village at Queensridge, a 1 million-square-foot mixed-use development located in the Queensridge neighborhood of Las Vegas. Design Within Reach and Saatva have already opened at the property, while Eichholtz is scheduled to open in spring 2026. The expansion brings roughly 20,000 square feet of luxury furniture and décor brands to the development. Tivoli Village’s longstanding furniture tenants include Restoration Hardware, The Shade Store, Hub Modern, Basner Fine Art, 7th Avenue, Bauteam Kitchen Tailors and Desert Valley Gallery.
Vestar Signs Leases with Four New Tenants at The District at Green Valley Ranch in Metro Las Vegas
Henderson, Nev. — Vestar has signed leases with four new tenants at The District at Green Valley Ranch, a 385,000-square-foot mixed-use project located in Henderson, approximately 16 miles southeast of Las Vegas. California Closets and Solidcore opened at the center in December, while skincare brand Glo30 will debut in March. Lastly, fashion boutique Evereve will open this summer. The latest retail additions bring 9,000 square feet of new tenants to The District at Green Valley Ranch, which is currently 95 percent leased. Other tenants at the property include Urth Caffé, Bluemercury, …
Gantry Arranges $17.8 Million in Refinancing for Grocery-Anchored Center in Reno, Nevada
Reno, Nev. — Gantry has arranged a $17.8 million permanent loan to refinance North Reno Plaza, a 130,000-square-foot neighborhood center in Reno. Tony Kaufmann and Alex Poulos of Gantry represented the borrower, a private real estate investor, in securing the five-year, fixed-rate loan through one of Gantry’s lenders, which features a 30-year amortization schedule. The new loan will retire the construction debt Gantry previously arranged for the borrower for the 2024 repositioning of North Reno Plaza. The recent renovation features various center improvements, including the addition of several new tenants such …