North Las Vegas, Nev. — Cushman & Wakefield has arranged the sale of Craig Promenade, a neighborhood shopping center located in North Las Vegas, Nevada.
Liberty Crossing Apartments LLC, an entity formed by Precision Equity, purchased the asset from RREF-II KI Promenade, an entity formed by Rialto Capital Advisors. The acquisition price was $12.6 million. Michael Hackett, Ryan Schubert and Lauren Tabeek of Cushman & Wakefield represented the seller in the deal. Big Lots anchors the 81,057-square-foot retail center, which sits on 7.6 acres. The property was 84.8 percent occupied at the time of the sale.