LAS VEGAS, NV--(Marketwired - Jul 9, 2015) - The Las Vegas office of Cushman & Wakefield | Commerce today announced it has closed the $5,500,000 sale of the office property known as Green Valley Professional Center & Civic Center. The office complex located at 2501-2651 North Green Valley Parkway, Henderson, NV, included six buildings totaling 109,630 square feet on 9.28 acres.
Leading the Cushman & Wakefield | Commerce team on this transaction was Geoffrey West, Senior Director-Investment Properties and Michael Dunn, Market Leader for the Las Vegas office of Cushman & Wakefield | Commerce. Cushman & Wakefield | Commerce represented the seller American General Life & Accident Insurance (AIG) and the buyer was a private capital firm, 2625 GV LLC.
"This transaction is a reflection of the positive reinvestment we are seeing in suburban areas of the region," said Geoffrey West. "The property generated 21 offers, which demonstrates a great deal of interest in areas beyond the primary office corridors in Las Vegas. This will be a positive impact to the neighborhood as the new owners have plans to make renovations and upgrades to the property and the property will shortly thereafter take on new tenants and further revitalize the area."
The complex is located in the northern portion of premiere Green Valley Master Planned community. The Henderson, Nevada suburban market provides access to extensive, retail, commercial, and neighborhood amenities with surrounding demographics at or above median levels.
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About Cushman & Wakefield | Commerce
Cushman & Wakefield | Commerce, headquartered in Salt Lake City, Utah is an independently owned and operated member of the Cushman & Wakefield Alliance with offices throughout Utah, Nevada, Washington and Idaho. The firm partners with its sister company Cushman & Wakefield | NorthMarq to provide innovative commercial real estate solutions to occupier and investor clients, offering transaction services, capital markets services, occupier and investor services, and real estate advisory. Together the firms manage more than 52 million sq. ft. of retail, industrial, and office assets, have annual revenues of more than $100 million, and employ more than 750 professionals. Learn more at www.comre.com; www.cushwakenm.com. C&W | Commerce and C&W | NorthMarq are part of the Cushman & Wakefield platform, which is the world's largest privately-held commercial real estate services firm with 250 offices in 60 countries globally. www.cushmanwakefield.com.
About Cushman & Wakefield
Cushman & Wakefield advises and represents clients on all aspects of property occupancy and investment. Founded in 1917, it has 259 offices in 60 countries, employing more than 16,000 professionals. It offers a complete range of services to its occupier and investor clients for all property types, including leasing, sales and acquisitions, equity, debt and structured finance, corporate finance and investment banking, appraisal, consulting, corporate services, and property, facilities, project and risk management. To learn more, click HERE.
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